Mastercard Incorporated $MA Stake Raised by Midwest Professional Planners LTD.

Midwest Professional Planners LTD. raised its holdings in shares of Mastercard Incorporated (NYSE:MA) by 6.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,118 shares of the credit services provider’s stock after acquiring an additional 353 shares during the quarter. Midwest Professional Planners LTD.’s holdings in Mastercard were worth $3,438,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. LGT Financial Advisors LLC acquired a new stake in shares of Mastercard in the second quarter worth $25,000. Family Legacy Financial Solutions LLC acquired a new position in shares of Mastercard during the second quarter valued at about $26,000. Flaharty Asset Management LLC bought a new stake in shares of Mastercard in the first quarter valued at about $27,000. Keystone Global Partners LLC acquired a new stake in Mastercard during the first quarter worth about $31,000. Finally, IMG Wealth Management Inc. bought a new position in Mastercard during the second quarter valued at about $31,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Price Performance

Mastercard stock opened at $545.31 on Monday. The business’s fifty day moving average is $568.49 and its two-hundred day moving average is $570.09. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The firm 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. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77.

Mastercard (NYSE:MA) last released its quarterly earnings results 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 business had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $8.53 billion. During the same period in the previous year, the business posted $3.89 earnings per share. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. Equities research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

Insider Transactions at Mastercard

In other news, CFO J. Mehra Sachin sold 17,816 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total value of $10,456,032.24. Following the transaction, the chief financial officer owned 31,234 shares of the company’s stock, valued at approximately $18,330,922.26. This trade represents a 36.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

MA has been the subject of a number of research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Mastercard in a research report on Wednesday, October 8th. Truist Financial decreased their price target on shares of Mastercard from $638.00 to $630.00 and set a “buy” rating on the stock in a research note on Tuesday, November 4th. TD Cowen reissued a “buy” rating and issued a $645.00 price target on shares of Mastercard in a report on Monday, August 11th. Citigroup raised Mastercard to a “strong-buy” rating in a report on Thursday, October 23rd. Finally, Tigress Financial raised their target price on Mastercard from $685.00 to $730.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 6th. 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’s stock. According to data from MarketBeat.com, Mastercard has a consensus rating of “Buy” and a consensus target price of $652.50.

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.