Mastercard Incorporated $MA Shares Acquired by Garrett Wealth Advisory Group LLC

Garrett Wealth Advisory Group LLC increased its position in shares of Mastercard Incorporated (NYSE:MA) by 41.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,171 shares of the credit services provider’s stock after acquiring an additional 346 shares during the quarter. Garrett Wealth Advisory Group LLC’s holdings in Mastercard were worth $658,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. LGT Financial Advisors LLC acquired a new stake in shares of Mastercard during the 2nd quarter worth approximately $25,000. Family Legacy Financial Solutions LLC purchased a new position in Mastercard in the second quarter worth approximately $26,000. Flaharty Asset Management LLC acquired a new stake in Mastercard during the first quarter worth $27,000. Keystone Global Partners LLC purchased a new stake in Mastercard in the first quarter valued at $31,000. Finally, IMG Wealth Management Inc. purchased a new stake in Mastercard in the second quarter valued at $31,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MA. Compass Point set a $620.00 price target on Mastercard and gave the stock a “neutral” rating in a report on Friday, October 31st. Morgan Stanley set a $665.00 target price on shares of Mastercard and gave the stock an “overweight” rating in a research note on Friday, October 31st. Wall Street Zen raised shares of Mastercard from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. Truist Financial dropped their target price on shares of Mastercard from $638.00 to $630.00 and set a “buy” rating for the company in a report on Tuesday, November 4th. Finally, Robert W. Baird raised their price target on Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $652.50.

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the completion of the transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,459,294. The trade was a 35.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.09% of the stock is owned by corporate insiders.

Mastercard Stock Performance

Shares of MA stock opened at $529.95 on Thursday. The firm has a 50 day moving average of $565.34 and a two-hundred day moving average of $569.52. The stock has a market capitalization of $475.89 billion, a PE ratio of 35.73, a P/E/G ratio of 2.27 and a beta of 0.92. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $8.53 billion. During the same period last year, the firm earned $3.89 earnings per share. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. On average, research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

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

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.