Mastercard Incorporated $MA Shares Bought by GPM Growth Investors Inc.

GPM Growth Investors Inc. raised its position in Mastercard Incorporated (NYSE:MA) by 14.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 679 shares of the credit services provider’s stock after acquiring an additional 88 shares during the quarter. GPM Growth Investors Inc.’s holdings in Mastercard were worth $382,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. LGT Financial Advisors LLC acquired a new stake in Mastercard in the second quarter valued at approximately $25,000. Family Legacy Financial Solutions LLC purchased a new position in shares of Mastercard during the 2nd quarter valued at approximately $26,000. Flaharty Asset Management LLC purchased a new position in shares of Mastercard during the 1st quarter valued at approximately $27,000. Keystone Global Partners LLC purchased a new position in shares of Mastercard during the 1st quarter valued at approximately $31,000. Finally, IMG Wealth Management Inc. purchased a new position in shares of Mastercard during the 2nd quarter valued at approximately $31,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of MA opened at $571.51 on Tuesday. The business’s fifty day moving average price is $579.25 and its 200 day moving average price is $566.75. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The stock has a market capitalization of $516.65 billion, a PE ratio of 38.54, a price-to-earnings-growth ratio of 2.35 and a beta of 0.97. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm had revenue of $8.13 billion for the quarter, compared to analysts’ expectations of $7.95 billion. During the same period last year, the business posted $3.50 earnings per share. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. Equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.50%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MA. Robert W. Baird increased their target price on Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. The Goldman Sachs Group reiterated a “buy” rating on shares of Mastercard in a research note on Friday, August 1st. Truist Financial set a $638.00 target price on Mastercard in a research note on Friday. TD Cowen reiterated a “buy” rating and set a $645.00 target price on shares of Mastercard in a research note on Monday, August 11th. Finally, Wall Street Zen upgraded Mastercard from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $638.96.

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the firm’s stock in a transaction 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 sale, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,459,294. This trade represents a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.09% of the company’s stock.

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.