Dorsey Wright & Associates Invests $4.51 Million in Mastercard Incorporated $MA

Dorsey Wright & Associates acquired a new stake in Mastercard Incorporated (NYSE:MA) in the 2nd quarter, HoldingsChannel reports. The fund acquired 8,025 shares of the credit services provider’s stock, valued at approximately $4,510,000.

A number of other institutional investors have also added to or reduced their stakes in the company. LGT Financial Advisors LLC bought a new position in shares of Mastercard in the 2nd quarter valued at about $25,000. Family Legacy Financial Solutions LLC bought a new stake in shares of Mastercard in the 2nd quarter valued at about $26,000. Flaharty Asset Management LLC acquired a new stake in Mastercard in the 1st quarter valued at about $27,000. Keystone Global Partners LLC acquired a new stake in Mastercard in the 1st quarter valued at about $31,000. Finally, IMG Wealth Management Inc. bought a new position in Mastercard during the second quarter worth about $31,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Mastercard

In other news, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total value of $10,202,433.00. Following the completion of the sale, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,459,294. The trade was a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.09% of the company’s stock.

Mastercard Stock Down 1.7%

MA stock opened at $527.63 on Wednesday. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week 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 stock has a market capitalization of $473.81 billion, a price-to-earnings ratio of 35.58, a PEG ratio of 2.27 and a beta of 0.92. The business’s fifty day moving average price is $566.34 and its two-hundred day moving average price is $569.80.

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

Mastercard Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is currently 19.44%.

Analyst Ratings Changes

MA has been the subject of a number of recent analyst reports. Royal Bank Of Canada raised 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. Weiss Ratings restated a “buy (b)” rating on shares of Mastercard in a research note on Wednesday, October 8th. Compass Point set a $620.00 price objective on shares of Mastercard and gave the stock a “neutral” rating in a research report on Friday, October 31st. KeyCorp reiterated an “overweight” rating and issued a $665.00 price objective on shares of Mastercard in a report on Wednesday, October 22nd. Finally, 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 research note on Monday, October 6th. Four research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Mastercard has a consensus rating of “Buy” and a consensus target price of $652.50.

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.