Gold Investment Management Ltd. Purchases 113 Shares of Mastercard Incorporated $MA

Gold Investment Management Ltd. lifted its position in shares of Mastercard Incorporated (NYSE:MA) by 2.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,435 shares of the credit services provider’s stock after acquiring an additional 113 shares during the quarter. Gold Investment Management Ltd.’s holdings in Mastercard were worth $3,063,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in MA. Family Legacy Financial Solutions LLC bought a new position in shares of Mastercard during the 2nd quarter worth $26,000. Flaharty Asset Management LLC bought a new position in Mastercard in the 1st quarter worth about $27,000. Keystone Global Partners LLC bought a new position in Mastercard in the 1st quarter worth about $31,000. Hughes Financial Services LLC bought a new position in Mastercard in the 1st quarter worth about $34,000. Finally, 1 North Wealth Services LLC bought a new position in Mastercard in the 1st quarter worth about $44,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of MA opened at $574.40 on Thursday. The company has a market cap of $519.26 billion, a PE ratio of 38.73, a price-to-earnings-growth ratio of 2.33 and a beta of 0.97. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The stock has a 50-day moving average price of $579.73 and a 200-day moving average price of $561.01. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77.

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%.Mastercard’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.50 EPS. As a group, equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share 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 given a $0.76 dividend. The ex-dividend date is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard’s payout ratio is presently 20.50%.

Analyst Upgrades and Downgrades

MA has been the subject of several analyst reports. Truist Financial cut their target price on Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a research note on Thursday, July 17th. Wall Street Zen downgraded Mastercard from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. TD Cowen restated a “buy” rating and issued a $645.00 target price on shares of Mastercard in a research note on Monday, August 11th. Jefferies Financial Group restated a “buy” rating on shares of Mastercard in a research note on Friday, June 6th. Finally, Wolfe Research set a $655.00 target price on Mastercard in a research note on Monday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $630.89.

Insider Buying and Selling

In related news, Director Julius Genachowski sold 312 shares of the business’s stock in a transaction that occurred on 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 $4,833,004.23. The trade was a 3.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO J. Mehra Sachin sold 17,263 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was 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. The trade was a 35.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,391 shares of company stock valued at $20,836,514 in the last 90 days. 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.