Yoder Wealth Management Inc. Has $339,000 Stock Position in Mastercard Incorporated $MA

Yoder Wealth Management Inc. increased its stake in Mastercard Incorporated (NYSE:MA) by 10.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 603 shares of the credit services provider’s stock after acquiring an additional 57 shares during the quarter. Yoder Wealth Management Inc.’s holdings in Mastercard were worth $339,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Mastercard by 0.5% in the first quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider’s stock worth $42,503,787,000 after acquiring an additional 365,537 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in shares of Mastercard in the second quarter worth approximately $11,421,213,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Mastercard by 4.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock worth $11,015,557,000 after acquiring an additional 907,184 shares during the period. Wellington Management Group LLP lifted its stake in shares of Mastercard by 38.6% in the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock worth $7,413,936,000 after acquiring an additional 3,765,378 shares during the period. Finally, Nuveen LLC acquired a new position in shares of Mastercard in the first quarter worth approximately $4,238,764,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on MA. Truist Financial lowered their target price on Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a report on Thursday, July 17th. Wall Street Zen downgraded Mastercard from a “buy” rating to a “hold” rating in a report on Friday, September 26th. The Goldman Sachs Group reiterated a “buy” rating on shares of Mastercard in a report on Friday, August 1st. Jefferies Financial Group reiterated a “buy” rating on shares of Mastercard in a report on Friday, June 6th. Finally, Royal Bank Of Canada lifted their target price on Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Mastercard presently has an average rating of “Buy” and a consensus price target of $630.89.

Mastercard Trading Up 0.6%

NYSE MA opened at $581.08 on Friday. The company has a market cap of $525.30 billion, a price-to-earnings ratio of 39.18, a P/E/G ratio of 2.37 and a beta of 0.97. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The business has a 50 day moving average price of $580.26 and a 200-day moving average price of $561.67. 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 released its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating the consensus estimate of $4.05 by $0.10. The firm 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 company’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 analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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

Insider Activity at Mastercard

In other news, 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 transaction of $10,202,433.00. Following the completion of the sale, the chief financial officer owned 31,234 shares in the company, valued at $18,459,294. The trade was a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Julius Genachowski sold 312 shares of the business’s stock in a transaction that occurred 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 sale, the director owned 8,469 shares of the company’s stock, 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 90 days, insiders have sold 35,391 shares of company stock valued at $20,836,514. Corporate insiders own 0.09% of the company’s stock.

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.