Mastercard Incorporated $MA Shares Bought by PFG Advisors

PFG Advisors raised its position in shares of Mastercard Incorporated (NYSE:MA) by 26.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,799 shares of the credit services provider’s stock after purchasing an additional 1,001 shares during the quarter. PFG Advisors’ holdings in Mastercard were worth $2,696,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Mastercard by 0.5% during the first quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider’s stock valued at $42,503,787,000 after purchasing an additional 365,537 shares during the period. Kingstone Capital Partners Texas LLC purchased a new position in shares of Mastercard during the 2nd quarter valued at about $11,421,213,000. Price T Rowe Associates Inc. MD raised its stake in shares of Mastercard by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock valued at $11,015,557,000 after buying an additional 907,184 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of 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 buying an additional 3,765,378 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of Mastercard in the first quarter worth about $4,238,764,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

NYSE:MA opened at $551.98 on Monday. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The company has a fifty day moving average of $572.24 and a two-hundred day moving average of $569.51. 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 stock has a market capitalization of $499.00 billion, a PE ratio of 37.22, a P/E/G ratio of 2.27 and a beta of 0.92.

Mastercard (NYSE:MA) last released its earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share 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 the consensus estimate of $8.53 billion. During the same quarter last year, the business posted $3.89 earnings per share. The business’s quarterly revenue was up 16.7% compared to the same quarter last year. As a group, research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Thursday, October 9th were paid a $0.76 dividend. 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 dividend payout ratio (DPR) is currently 19.44%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Macquarie raised their target price on Mastercard from $655.00 to $660.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Tigress Financial upped their price objective on Mastercard from $685.00 to $730.00 and gave the stock a “strong-buy” rating in a research report on Thursday. Citigroup raised shares of Mastercard to a “strong-buy” rating in a report on Thursday, October 23rd. TD Cowen reissued a “buy” rating and set a $645.00 price target on shares of Mastercard in a report on Monday, August 11th. Finally, Robert W. Baird lifted their price objective on shares of Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Four analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Mastercard currently has a consensus rating of “Buy” and an average price target of $649.26.

Insider Buying and Selling

In other news, CFO J. Mehra Sachin sold 17,263 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 31,234 shares in the company, valued at $18,459,294. The trade was a 35.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.09% of the company’s stock.

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.