Elser Financial Planning Inc Makes New Investment in Mastercard Incorporated $MA

Elser Financial Planning Inc bought a new position in Mastercard Incorporated (NYSE:MA) in the second quarter, HoldingsChannel reports. The fund bought 469 shares of the credit services provider’s stock, valued at approximately $261,000.

A number of other large investors have also added to or reduced their stakes in the business. Family Legacy Financial Solutions LLC bought a new position in shares of Mastercard during the second quarter worth about $26,000. Flaharty Asset Management LLC acquired a new stake in shares of Mastercard in the 1st quarter valued at about $27,000. Keystone Global Partners LLC acquired a new stake in Mastercard in the first quarter valued at approximately $31,000. Hughes Financial Services LLC bought a new stake in Mastercard during the 1st quarter valued at $34,000. Finally, 1 North Wealth Services LLC bought a new position in Mastercard in the 1st quarter valued at about $44,000. Institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on MA. Wolfe Research set a $655.00 target price on Mastercard in a report on Monday, June 23rd. UBS Group raised their target price on Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a research note on Tuesday, June 3rd. Wall Street Zen cut shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Friday. Truist Financial cut their price target on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a report on Thursday, July 17th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Mastercard in a research note on Thursday, July 17th. They issued a “buy” rating and a $650.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Mastercard currently has a consensus rating of “Buy” and a consensus price target of $630.89.

Mastercard Stock Down 0.3%

MA opened at $565.63 on Monday. The stock has a market capitalization of $511.34 billion, a price-to-earnings ratio of 38.14, a PEG ratio of 2.32 and a beta of 0.99. The firm has a 50 day moving average price of $579.00 and a 200-day moving average price of $560.57. 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.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping analysts’ consensus estimates of $4.05 by $0.10. The business had revenue of $8.13 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.50 EPS. Equities research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

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

Insiders Place Their Bets

In related news, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,459,294. The trade was a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 of the company’s stock, valued at approximately $4,833,004.23. The trade was a 3.55% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,391 shares of company stock valued at $20,836,514. 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.