RFG Advisory LLC Has $7.13 Million Stock Position in Mastercard Incorporated $MA

RFG Advisory LLC increased its stake in Mastercard Incorporated (NYSE:MA) by 6.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,681 shares of the credit services provider’s stock after purchasing an additional 808 shares during the period. RFG Advisory LLC’s holdings in Mastercard were worth $7,126,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Perfromance Wealth Partners LLC boosted its stake in Mastercard by 23.7% in the 2nd quarter. Perfromance Wealth Partners LLC now owns 1,043 shares of the credit services provider’s stock worth $586,000 after purchasing an additional 200 shares during the period. Axxcess Wealth Management LLC boosted its stake in Mastercard by 3.0% in the 2nd quarter. Axxcess Wealth Management LLC now owns 13,872 shares of the credit services provider’s stock worth $7,795,000 after purchasing an additional 408 shares during the period. Jag Capital Management LLC boosted its stake in Mastercard by 0.9% in the 2nd quarter. Jag Capital Management LLC now owns 43,680 shares of the credit services provider’s stock worth $24,546,000 after purchasing an additional 383 shares during the period. Alpine Woods Capital Investors LLC boosted its stake in Mastercard by 443.6% in the 2nd quarter. Alpine Woods Capital Investors LLC now owns 2,881 shares of the credit services provider’s stock worth $1,619,000 after purchasing an additional 2,351 shares during the period. Finally, NorthRock Partners LLC boosted its stake in Mastercard by 8.6% in the 2nd quarter. NorthRock Partners LLC now owns 11,190 shares of the credit services provider’s stock worth $6,286,000 after purchasing an additional 882 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Trading Up 0.3%

Shares of NYSE:MA opened at $558.89 on Tuesday. The company’s 50-day moving average price is $580.79 and its two-hundred day moving average price is $563.03. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The stock has a market capitalization of $505.24 billion, a PE ratio of 37.69, a price-to-earnings-growth ratio of 2.28 and a beta of 0.97.

Mastercard (NYSE:MA) last issued its earnings results 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 for the quarter, compared to analysts’ expectations of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. Mastercard’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.50 EPS. On average, equities analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on MA shares. Wells Fargo & Company upped their target price on shares of Mastercard from $625.00 to $650.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Seaport Res Ptn raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 14th. The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a research report on Friday, August 1st. Morgan Stanley boosted their price target on shares of Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Finally, 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. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Mastercard presently has a consensus rating of “Buy” and an average target price of $634.04.

Insider Activity

In other news, CFO J. Mehra Sachin sold 17,263 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at approximately $18,459,294. This represents a 35.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.