KPP Advisory Services LLC Has $273,000 Holdings in Mastercard Incorporated $MA

KPP Advisory Services LLC raised its holdings in Mastercard Incorporated (NYSE:MA) by 6.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 485 shares of the credit services provider’s stock after acquiring an additional 30 shares during the period. KPP Advisory Services LLC’s holdings in Mastercard were worth $273,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LGT Financial Advisors LLC acquired a new position in Mastercard in the second quarter valued at about $25,000. Family Legacy Financial Solutions LLC acquired a new position in Mastercard in the second quarter valued at about $26,000. Flaharty Asset Management LLC acquired a new position in Mastercard in the first quarter valued at about $27,000. Keystone Global Partners LLC acquired a new position in Mastercard in the first quarter valued at about $31,000. Finally, IMG Wealth Management Inc. acquired a new position in Mastercard in the second quarter valued at about $31,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Performance

MA opened at $573.59 on Friday. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The firm has a market capitalization of $518.53 billion, a PE ratio of 38.68, a PEG ratio of 2.34 and a beta of 0.97. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The business’s 50-day simple moving average is $579.67 and its 200 day simple moving average is $564.74.

Mastercard (NYSE:MA) last released its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. During the same quarter in the prior year, the company posted $3.50 earnings per share. Mastercard’s revenue was up 16.8% on a year-over-year basis. As a group, sell-side analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard’s dividend payout ratio is presently 20.50%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MA. The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a research note on Friday, August 1st. Truist Financial decreased their target price on Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a research note on Thursday, July 17th. Royal Bank Of Canada boosted their target price on Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Robert W. Baird boosted their price target on Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Mastercard in a report on Wednesday, October 8th. Five analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $638.00.

Insider Transactions at Mastercard

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

Mastercard Company 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.