Evelyn Partners Investment Management Services Ltd Buys 3,041 Shares of Mastercard Incorporated $MA

Evelyn Partners Investment Management Services Ltd boosted its stake in shares of Mastercard Incorporated (NYSE:MA) by 13.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 26,103 shares of the credit services provider’s stock after purchasing an additional 3,041 shares during the quarter. Mastercard comprises 1.5% of Evelyn Partners Investment Management Services Ltd’s holdings, making the stock its 19th largest position. Evelyn Partners Investment Management Services Ltd’s holdings in Mastercard were worth $14,607,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in MA. Vanguard Group Inc. lifted its stake in Mastercard by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 78,475,807 shares of the credit services provider’s stock valued at $44,098,695,000 after buying an additional 931,132 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in shares of Mastercard in the second quarter valued at approximately $11,421,213,000. Price T Rowe Associates Inc. MD increased its position in shares of Mastercard by 4.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock worth $11,015,557,000 after purchasing an additional 907,184 shares in the last quarter. Geode Capital Management LLC raised its stake in Mastercard by 2.8% in the 2nd quarter. Geode Capital Management LLC now owns 19,760,552 shares of the credit services provider’s stock valued at $11,062,509,000 after purchasing an additional 542,841 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in Mastercard by 38.6% in the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock valued at $7,413,936,000 after purchasing an additional 3,765,378 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Mastercard

In related news, CFO J. Mehra Sachin sold 17,263 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total value of $10,202,433.00. Following the transaction, the chief financial officer owned 31,234 shares of the company’s stock, valued at $18,459,294. This represents a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

MA has been the topic of a number of recent research reports. TD Cowen restated a “buy” rating and set a $645.00 price target on shares of Mastercard in a research report on Monday, August 11th. Compass Point set a $620.00 target price on shares of Mastercard and gave the stock a “neutral” rating in a research note on Friday, October 31st. Wells Fargo & Company dropped their price target on Mastercard from $669.00 to $660.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Royal Bank Of Canada increased their price target on Mastercard from $645.00 to $654.00 and gave the company a “buy” rating in a report on Friday, October 31st. Finally, Wall Street Zen raised Mastercard from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $652.50.

Mastercard Stock Performance

Shares of Mastercard stock opened at $540.42 on Friday. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market capitalization of $485.29 billion, a price-to-earnings ratio of 36.44, a price-to-earnings-growth ratio of 2.27 and a beta of 0.92. The business has a 50-day moving average of $563.32 and a 200 day moving average of $569.09. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.53 billion. During the same quarter in the prior year, the company earned $3.89 earnings per share. The company’s revenue was up 16.7% on a year-over-year basis. As a group, sell-side analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Thursday, October 9th were given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, October 9th. Mastercard’s payout ratio is 19.44%.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.