Wallington Asset Management LLC Purchases 20 Shares of Mastercard Incorporated $MA

Wallington Asset Management LLC raised its position in shares of Mastercard Incorporated (NYSE:MA) by 4.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 489 shares of the credit services provider’s stock after acquiring an additional 20 shares during the quarter. Wallington Asset Management LLC’s holdings in Mastercard were worth $275,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of MA. Brighton Jones LLC grew its holdings in Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after purchasing an additional 2,028 shares during the period. Apella Capital LLC purchased a new stake in shares of Mastercard during the first quarter worth $337,000. Matrix Trust Co lifted its position in shares of Mastercard by 35.6% during the first quarter. Matrix Trust Co now owns 411 shares of the credit services provider’s stock worth $225,000 after acquiring an additional 108 shares in the last quarter. Breakwater Capital Group lifted its position in shares of Mastercard by 6.3% during the first quarter. Breakwater Capital Group now owns 1,142 shares of the credit services provider’s stock worth $626,000 after acquiring an additional 68 shares in the last quarter. Finally, Annex Advisory Services LLC lifted its position in shares of Mastercard by 18.8% during the first quarter. Annex Advisory Services LLC now owns 1,615 shares of the credit services provider’s stock worth $885,000 after acquiring an additional 256 shares in the last quarter. 97.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on MA shares. KeyCorp increased their target price on Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Wall Street Zen downgraded Mastercard from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. Seaport Res Ptn upgraded Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. TD Cowen restated a “buy” rating and set a $645.00 target price on shares of Mastercard in a research report on Monday, August 11th. Finally, Truist Financial dropped their target price on Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a research report on Thursday, July 17th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mastercard presently has a consensus rating of “Buy” and an average price target of $630.89.

Mastercard Trading Up 0.6%

Shares of MA stock opened at $581.08 on Friday. 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 52-week low of $465.59 and a 52-week high of $601.77. The company has a market capitalization of $525.30 billion, a PE ratio of 39.18, a price-to-earnings-growth ratio of 2.37 and a beta of 0.97. The business’s fifty day moving average is $580.26 and its 200 day moving average is $561.67.

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

Mastercard Announces Dividend

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

Insiders Place Their Bets

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

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.