Traphagen Investment Advisors LLC Boosts Holdings in Mastercard Incorporated $MA

Traphagen Investment Advisors LLC raised its holdings in Mastercard Incorporated (NYSE:MA) by 11.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,896 shares of the credit services provider’s stock after purchasing an additional 200 shares during the quarter. Traphagen Investment Advisors LLC’s holdings in Mastercard were worth $1,066,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in MA. Brighton Jones LLC boosted its holdings in Mastercard by 42.3% in 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 last quarter. NewSquare Capital LLC boosted its holdings in Mastercard by 550.0% in the first quarter. NewSquare Capital LLC now owns 325 shares of the credit services provider’s stock valued at $178,000 after purchasing an additional 275 shares during the last quarter. Requisite Capital Management LLC purchased a new stake in Mastercard in the first quarter valued at $310,000. Wealthcare Advisory Partners LLC boosted its holdings in Mastercard by 3.2% in the first quarter. Wealthcare Advisory Partners LLC now owns 6,819 shares of the credit services provider’s stock valued at $3,737,000 after purchasing an additional 212 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Mastercard by 19.9% during the 1st quarter. GAMMA Investing LLC now owns 15,007 shares of the credit services provider’s stock worth $8,226,000 after acquiring an additional 2,493 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MA has been the topic of several recent analyst reports. TD Cowen reissued a “buy” rating and set a $645.00 target price on shares of Mastercard in a research note on Monday, August 11th. Truist Financial lowered their target price on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a research note on Thursday, July 17th. Wells Fargo & Company increased their target price on shares of Mastercard from $625.00 to $650.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Morgan Stanley increased their target price on shares of Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Finally, Robert W. Baird increased their target price on shares of Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $634.04.

Mastercard Stock Up 0.1%

MA opened at $579.24 on Wednesday. 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. The company has a 50-day moving average price of $580.78 and a 200 day moving average price of $562.45. The company has a market cap of $523.64 billion, a PE ratio of 39.06, a price-to-earnings-growth ratio of 2.37 and a beta of 0.97.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, topping the consensus estimate of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. During the same quarter in the prior year, the firm earned $3.50 EPS. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. Sell-side analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be issued 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 dividend payout ratio is presently 20.50%.

Insider Buying and Selling

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were 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 in the company, valued at approximately $18,459,294. This represents a 35.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.