VestGen Advisors LLC Increases Stake in Mastercard Incorporated $MA

VestGen Advisors LLC grew its holdings in Mastercard Incorporated (NYSE:MA) by 4.0% during the 2nd quarter, Holdings Channel reports. The fund owned 14,362 shares of the credit services provider’s stock after buying an additional 548 shares during the period. VestGen Advisors LLC’s holdings in Mastercard were worth $8,080,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC grew its holdings in 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 purchasing an additional 2,028 shares during the period. Blueshift Asset Management LLC bought a new position in shares of Mastercard in the first quarter worth about $416,000. Baker Avenue Asset Management LP lifted its position in shares of Mastercard by 12.0% during the 1st quarter. Baker Avenue Asset Management LP now owns 2,085 shares of the credit services provider’s stock valued at $1,143,000 after buying an additional 224 shares in the last quarter. IFG Advisory LLC grew its stake in shares of Mastercard by 2.2% during the 1st quarter. IFG Advisory LLC now owns 5,395 shares of the credit services provider’s stock valued at $2,957,000 after acquiring an additional 114 shares during the period. Finally, Fiduciary Wealth Partners LLC purchased a new stake in Mastercard in the 1st quarter worth approximately $226,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

NYSE MA opened at $551.25 on Friday. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The business has a 50 day simple moving average of $559.06 and a two-hundred day simple moving average of $568.23. The stock has a market capitalization of $495.02 billion, a PE ratio of 37.17, a P/E/G ratio of 2.27 and a beta of 0.92.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, October 30th. The credit services provider reported $4.38 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 the consensus estimate of $8.53 billion. During the same period in the prior year, the company earned $3.89 EPS. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. On average, research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

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

Insider Buying and Selling at Mastercard

In other news, CFO J. Mehra Sachin sold 17,263 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer directly owned 31,234 shares in the company, valued at $18,459,294. The trade was a 35.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.09% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on MA. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mastercard in a report on Wednesday, October 8th. Truist Financial decreased their price objective on shares of Mastercard from $638.00 to $630.00 and set a “buy” rating on the stock in a research report on Tuesday, November 4th. Compass Point set a $620.00 target price on shares of Mastercard and gave the stock a “neutral” rating in a report on Friday, October 31st. The Goldman Sachs Group reiterated a “buy” rating and issued a $713.00 price target on shares of Mastercard in a research note on Thursday, October 30th. Finally, Cowen restated a “buy” rating on shares of Mastercard in a research report on Friday, October 31st. Four investment 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, the company has a consensus 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.