Mastercard Incorporated $MA Shares Bought by S&CO Inc.

S&CO Inc. grew its holdings in Mastercard Incorporated (NYSE:MA) by 28.6% during the 2nd quarter, Holdings Channel reports. The firm owned 13,316 shares of the credit services provider’s stock after buying an additional 2,959 shares during the period. S&CO Inc.’s holdings in Mastercard were worth $7,482,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC boosted its stake in shares of Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after acquiring an additional 2,028 shares during the last quarter. Stephens Inc. AR raised its stake in Mastercard by 0.7% in the 1st quarter. Stephens Inc. AR now owns 90,543 shares of the credit services provider’s stock valued at $49,628,000 after purchasing an additional 656 shares during the last quarter. TruNorth Capital Management LLC purchased a new position in Mastercard in the 1st quarter valued at about $104,000. Rainey & Randall Wealth Advisors Inc. purchased a new position in Mastercard in the 1st quarter valued at about $315,000. Finally, Hughes Financial Services LLC acquired a new stake in shares of Mastercard during the 1st quarter worth about $34,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MA. TD Cowen reissued a “buy” rating and issued a $645.00 price objective on shares of Mastercard in a research report on Monday, August 11th. Seaport Res Ptn raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 14th. KeyCorp reiterated an “overweight” rating and issued a $665.00 price target on shares of Mastercard in a report on Wednesday, October 22nd. Truist Financial decreased their price objective on Mastercard from $638.00 to $630.00 and set a “buy” rating on the stock in a report on Tuesday, November 4th. Finally, Royal Bank Of Canada lifted their price objective on Mastercard from $645.00 to $654.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $649.26.

Insider Buying and Selling

In other news, CFO J. Mehra Sachin sold 17,263 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer directly owned 31,234 shares in the company, valued at $18,459,294. This trade represents a 35.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.09% of the stock is owned by corporate insiders.

Mastercard Stock Performance

NYSE:MA opened at $551.98 on Monday. 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 market cap of $499.00 billion, a P/E ratio of 37.22, a P/E/G ratio of 2.27 and a beta of 0.92. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The firm’s 50 day moving average is $572.24 and its two-hundred day moving average is $569.51.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.31 by $0.07. The company had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $8.53 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period in the previous year, the company earned $3.89 EPS. Analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Thursday, October 9th were given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, October 9th. Mastercard’s payout ratio is 19.44%.

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.