PAX Financial Group LLC Has $1.16 Million Stake in Mastercard Incorporated $MA

PAX Financial Group LLC reduced its position in Mastercard Incorporated (NYSE:MA) by 21.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,059 shares of the credit services provider’s stock after selling 570 shares during the quarter. PAX Financial Group LLC’s holdings in Mastercard were worth $1,157,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. LGT Financial Advisors LLC bought a new stake in Mastercard during the second quarter valued at $25,000. Family Legacy Financial Solutions LLC bought a new stake in shares of Mastercard during the 2nd quarter valued at about $26,000. Flaharty Asset Management LLC acquired a new stake in Mastercard during the first quarter worth approximately $27,000. Keystone Global Partners LLC acquired a new stake in Mastercard during the first quarter worth approximately $31,000. Finally, IMG Wealth Management Inc. bought a new stake in Mastercard in the second quarter worth approximately $31,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mastercard

In other news, CFO J. Mehra Sachin sold 17,816 shares of the 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 completion of the sale, the chief financial officer owned 31,234 shares in the company, valued at $18,330,922.26. This represents a 36.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is owned by corporate insiders.

Mastercard Trading Down 1.8%

MA opened at $545.31 on Monday. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The firm has a market capitalization of $489.68 billion, a PE ratio of 36.77, a P/E/G ratio of 2.27 and a beta of 0.92. 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 company’s 50-day moving average is $568.49 and its 200 day moving average is $570.09.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, topping 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 analyst estimates of $8.53 billion. During the same period in the previous year, the company posted $3.89 EPS. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. As a group, research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

Wall Street Analysts Forecast Growth

MA has been the subject of several recent analyst reports. Cowen reaffirmed a “buy” rating on shares of Mastercard in a research report on Friday, October 31st. Wells Fargo & Company reduced their price target on shares of Mastercard from $669.00 to $660.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Royal Bank Of Canada upped their price objective on shares of Mastercard from $645.00 to $654.00 and gave the company a “buy” rating in a report on Friday, October 31st. The Goldman Sachs Group restated a “buy” rating and issued a $713.00 target price on shares of Mastercard in a research note on Thursday, October 30th. Finally, UBS Group upped their price target on Mastercard from $690.00 to $700.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Four research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target 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.