Pines Wealth Management LLC Acquires 431 Shares of Mastercard Incorporated $MA

Pines Wealth Management LLC lifted its stake in Mastercard Incorporated (NYSE:MA) by 23.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,234 shares of the credit services provider’s stock after purchasing an additional 431 shares during the quarter. Pines Wealth Management LLC’s holdings in Mastercard were worth $1,272,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Flaharty Asset Management LLC bought a new position in shares of Mastercard during the first quarter valued at $27,000. Keystone Global Partners LLC bought a new position in shares of Mastercard in the first quarter worth approximately $31,000. 10Elms LLP purchased a new stake in Mastercard during the 4th quarter valued at $33,000. Hughes Financial Services LLC purchased a new stake in shares of Mastercard during the first quarter valued at $34,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of Mastercard in the fourth quarter worth approximately $36,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of NYSE:MA opened at $586.63 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The company has a market capitalization of $530.32 billion, a price-to-earnings ratio of 39.56, a PEG ratio of 2.39 and a beta of 0.99. The firm’s 50-day moving average is $575.44 and its 200 day moving average is $558.53.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.05 by $0.10. The company had revenue of $8.13 billion during the quarter, compared to analysts’ expectations of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.Mastercard’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.50 EPS. Research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard’s dividend payout ratio (DPR) is 20.50%.

Insiders Place Their Bets

In related news, insider Raj Seshadri sold 1,100 shares of Mastercard stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $546.77, for a total transaction of $601,447.00. Following the transaction, the insider directly owned 12,921 shares of the company’s stock, valued at $7,064,815.17. This trade represents a 7.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total value 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. This represents a 35.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,094 shares of company stock worth $26,521,861. 0.09% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on MA shares. Morgan Stanley lifted their price objective on Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Wells Fargo & Company raised their price objective on shares of Mastercard from $625.00 to $650.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Truist Financial cut their target price on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a research report on Thursday, July 17th. KeyCorp upped their target price on shares of Mastercard from $635.00 to $660.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Mastercard in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $630.89.

About Mastercard

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.