Graypoint LLC Grows Position in Mastercard Incorporated $MA

Graypoint LLC grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,976 shares of the credit services provider’s stock after purchasing an additional 205 shares during the period. Graypoint LLC’s holdings in Mastercard were worth $8,977,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Brighton Jones LLC lifted its position in shares of Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after acquiring an additional 2,028 shares during the period. Bank Pictet & Cie Europe AG increased its stake in Mastercard by 11.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider’s stock valued at $37,108,000 after purchasing an additional 7,452 shares in the last quarter. Mascagni Wealth Management Inc. purchased a new position in Mastercard in the 4th quarter valued at approximately $73,000. Ameriflex Group Inc. acquired a new position in Mastercard during the fourth quarter worth $55,000. Finally, Great Valley Advisor Group Inc. boosted its position in Mastercard by 18.5% during the fourth quarter. Great Valley Advisor Group Inc. now owns 3,530 shares of the credit services provider’s stock worth $1,859,000 after purchasing an additional 552 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MA has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on Mastercard in a research report on Thursday, July 17th. They issued a “buy” rating and a $650.00 price target for the company. KeyCorp raised 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. Wolfe Research set a $655.00 target price on shares of Mastercard in a research report on Monday, June 23rd. Truist Financial lowered their price target on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a research report on Thursday, July 17th. Finally, UBS Group raised their price objective on shares of Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a research note on Tuesday, June 3rd. 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 stock. Based on data from MarketBeat, Mastercard has a consensus rating of “Buy” and an average price target of $630.89.

Insiders Place Their Bets

In related news, Director Julius Genachowski sold 312 shares of the stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $570.67, for a total transaction of $178,049.04. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of Mastercard stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $560.00, for a total value of $536,480.00. Following the completion of the sale, the insider owned 23,624 shares of the company’s stock, valued at $13,229,440. This trade represents a 3.90% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,449 shares of company stock valued at $21,974,441. 0.09% of the stock is owned by company insiders.

Mastercard Stock Performance

NYSE:MA opened at $569.51 on Wednesday. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market cap of $514.84 billion, a PE ratio of 38.40, a P/E/G ratio of 2.40 and a beta of 0.99. The firm has a 50 day simple moving average of $578.24 and a 200-day simple moving average of $559.49. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77.

Mastercard (NYSE:MA) last announced its earnings results 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. The firm had revenue of $8.13 billion for 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%. Mastercard’s revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the business earned $3.50 earnings per share. On average, equities analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

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

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.