USA Financial Formulas Has $2.33 Million Stake in Mastercard Incorporated $MA

USA Financial Formulas boosted its stake in Mastercard Incorporated (NYSE:MA) by 20.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,152 shares of the credit services provider’s stock after buying an additional 694 shares during the quarter. Mastercard makes up about 0.4% of USA Financial Formulas’ investment portfolio, making the stock its 29th largest position. USA Financial Formulas’ holdings in Mastercard were worth $2,333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of MA. Family Legacy Financial Solutions LLC acquired a new stake in Mastercard in the 2nd quarter valued at $26,000. Flaharty Asset Management LLC acquired a new stake in Mastercard in the 1st quarter valued at $27,000. Keystone Global Partners LLC acquired a new stake in Mastercard in the 1st quarter valued at $31,000. Hughes Financial Services LLC acquired a new stake in Mastercard in the 1st quarter valued at $34,000. Finally, 1 North Wealth Services LLC acquired a new stake in Mastercard in the 1st quarter valued at $44,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Royal Bank Of Canada boosted their price target on Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a research note on Friday, August 1st. Wolfe Research set a $655.00 price objective on Mastercard in a research note on Monday, June 23rd. Truist Financial reduced their price objective on Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a research note on Thursday, July 17th. Finally, Morgan Stanley boosted their price objective on Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Two investment 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 data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $630.89.

Mastercard Trading Up 1.0%

MA stock opened at $574.40 on Thursday. The company has a market cap of $519.26 billion, a P/E ratio of 38.73, a PEG ratio of 2.33 and a beta of 0.97. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The business has a fifty day moving average of $579.73 and a 200-day moving average of $561.01.

Mastercard (NYSE:MA) last released its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, topping analysts’ consensus estimates of $4.05 by $0.10. The company had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.50 earnings per share. As a group, equities research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors 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 yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard’s dividend payout ratio is currently 20.50%.

Insider Transactions at Mastercard

In related news, Director Julius Genachowski sold 312 shares of the company’s stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the sale, the director owned 8,469 shares in the company, valued at approximately $4,833,004.23. This represents a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 completion of the sale, the chief financial officer owned 31,234 shares of the company’s stock, valued at $18,459,294. This represents a 35.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,391 shares of company stock valued at $20,836,514 in the last quarter. 0.09% of the stock is currently owned by corporate insiders.

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.