Compass Capital Management Inc. Makes New $17.37 Million Investment in Mastercard Incorporated $MA

Compass Capital Management Inc. purchased a new position in shares of Mastercard Incorporated (NYSE:MA) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,908 shares of the credit services provider’s stock, valued at approximately $17,368,000.

Other large investors also recently modified their holdings of the company. Fidelis Capital Partners LLC grew its position in Mastercard by 2.6% during the 2nd quarter. Fidelis Capital Partners LLC now owns 6,412 shares of the credit services provider’s stock worth $3,649,000 after acquiring an additional 161 shares during the last quarter. Bornite Capital Management LP boosted its stake in shares of Mastercard by 25.0% during the second quarter. Bornite Capital Management LP now owns 50,000 shares of the credit services provider’s stock valued at $28,097,000 after purchasing an additional 10,000 shares in the last quarter. PFG Advisors boosted its stake in shares of Mastercard by 26.4% during the second quarter. PFG Advisors now owns 4,799 shares of the credit services provider’s stock valued at $2,696,000 after purchasing an additional 1,001 shares in the last quarter. Zions Bancorporation National Association UT grew its holdings in shares of Mastercard by 7.2% during the second quarter. Zions Bancorporation National Association UT now owns 3,179 shares of the credit services provider’s stock worth $1,786,000 after purchasing an additional 213 shares during the last quarter. Finally, Summit Asset Management LLC increased its stake in shares of Mastercard by 1.8% in the second quarter. Summit Asset Management LLC now owns 1,288 shares of the credit services provider’s stock valued at $724,000 after buying an additional 23 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on MA. Macquarie lifted their target price on shares of Mastercard from $655.00 to $660.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Royal Bank Of Canada lifted their price target on shares of Mastercard from $645.00 to $654.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Truist Financial decreased their price objective on Mastercard from $638.00 to $630.00 and set a “buy” rating for the company in a report on Tuesday, November 4th. Cowen reaffirmed a “buy” rating on shares of Mastercard in a research report on Friday, October 31st. Finally, Citigroup raised Mastercard to a “strong-buy” rating in a report on Thursday, October 23rd. Four analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Mastercard presently has a consensus rating of “Buy” and an average target price of $649.26.

Mastercard Stock Down 0.2%

Shares of NYSE:MA opened at $551.98 on Monday. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The business’s 50-day moving average is $572.24 and its 200-day moving average is $569.51. The company has a market capitalization of $499.00 billion, a price-to-earnings ratio of 37.22, a P/E/G ratio of 2.27 and a beta of 0.92.

Mastercard (NYSE:MA) last released its earnings results on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, topping the consensus estimate of $4.31 by $0.07. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $8.53 billion. During the same quarter last year, the firm posted $3.89 earnings per share. The firm’s revenue was up 16.7% on a year-over-year basis. Equities research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Thursday, October 9th were paid a $0.76 dividend. The ex-dividend date was Thursday, October 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.6%. Mastercard’s payout ratio is currently 19.44%.

Insider Activity

In related news, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the transaction, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at $18,330,922.26. This represents a 36.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.09% of the stock is owned by insiders.

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.