Mastercard Incorporated $MA Shares Acquired by Creative Planning

Creative Planning boosted its holdings in Mastercard Incorporated (NYSE:MA) by 3.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 243,590 shares of the credit services provider’s stock after buying an additional 8,028 shares during the quarter. Creative Planning’s holdings in Mastercard were worth $136,883,000 as of its most recent SEC filing.

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

Mastercard Trading Down 1.8%

Mastercard stock opened at $545.31 on Friday. Mastercard Incorporated has a 12 month low of $465.59 and a 12 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 stock has a market cap of $489.68 billion, a P/E ratio of 36.77, a P/E/G ratio of 2.27 and a beta of 0.92. The company’s fifty day simple moving average is $568.49 and its 200-day simple moving average is $569.72.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm 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 earned $3.89 earnings per share. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. As a group, sell-side analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

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

Wall Street Analyst Weigh In

MA has been the subject of several recent analyst reports. Robert W. Baird raised their target price on shares of Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. TD Cowen reaffirmed a “buy” rating and issued a $645.00 price objective on shares of Mastercard in a research note on Monday, August 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Mastercard in a research report on Wednesday, October 8th. Compass Point set a $620.00 target price on shares of Mastercard and gave the company a “neutral” rating in a research note on Friday, October 31st. Finally, Macquarie raised their target price on Mastercard from $655.00 to $660.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Four investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $652.50.

Insider Activity at Mastercard

In related news, CFO J. Mehra Sachin sold 17,263 shares of the stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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.