QTR Family Wealth LLC Purchases 342 Shares of Mastercard Incorporated $MA

QTR Family Wealth LLC lifted its position in shares of Mastercard Incorporated (NYSE:MA) by 43.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,136 shares of the credit services provider’s stock after acquiring an additional 342 shares during the period. QTR Family Wealth LLC’s holdings in Mastercard were worth $638,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Family Legacy Financial Solutions LLC bought a new position in Mastercard in the 2nd quarter valued at approximately $26,000. Flaharty Asset Management LLC acquired a new position in Mastercard in the 1st quarter valued at approximately $27,000. Keystone Global Partners LLC acquired a new position in Mastercard in the 1st quarter valued at approximately $31,000. Hughes Financial Services LLC acquired a new position in Mastercard in the 1st quarter valued at approximately $34,000. Finally, 1 North Wealth Services LLC acquired a new position in Mastercard in the 1st quarter valued at approximately $44,000. Institutional investors own 97.28% of the company’s stock.

Insider Activity

In related news, Director Julius Genachowski sold 312 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $570.67, for a total transaction of $178,049.04. Following the transaction, the director owned 8,469 shares in the company, valued at $4,833,004.23. This represents a 3.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the transaction, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,330,922.26. This trade represents a 36.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,391 shares of company stock worth $20,836,514 in the last 90 days. Company insiders own 0.09% of the company’s stock.

Mastercard Trading Up 0.2%

Shares of MA opened at $569.29 on Wednesday. The firm has a market cap of $514.64 billion, a price-to-earnings ratio of 38.39, a PEG ratio of 2.33 and a beta of 0.99. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The firm has a 50 day moving average price of $579.48 and a 200-day moving average price of $560.91.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 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 analyst estimates of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm’s revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the business posted $3.50 EPS. As a group, equities research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on MA shares. Royal Bank Of Canada increased their price objective on shares of Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Truist Financial dropped their price objective on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a research note on Thursday, July 17th. Wolfe Research set a $655.00 price objective on shares of Mastercard in a research note on Monday, June 23rd. TD Cowen reissued a “buy” rating and set a $645.00 price target on shares of Mastercard in a research report on Monday, August 11th. Finally, 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. Two equities research 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. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $630.89.

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.