Mastercard Incorporated $MA Shares Purchased by SilverOak Wealth Management LLC

SilverOak Wealth Management LLC lifted its stake in Mastercard Incorporated (NYSE:MA) by 71.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 698 shares of the credit services provider’s stock after purchasing an additional 291 shares during the quarter. SilverOak Wealth Management LLC’s holdings in Mastercard were worth $392,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Oxbow Advisors LLC lifted its holdings in shares of Mastercard by 1.6% in the 2nd quarter. Oxbow Advisors LLC now owns 23,905 shares of the credit services provider’s stock worth $13,433,000 after acquiring an additional 382 shares during the last quarter. Empirical Asset Management LLC lifted its holdings in shares of Mastercard by 14.9% in the 2nd quarter. Empirical Asset Management LLC now owns 2,258 shares of the credit services provider’s stock worth $1,269,000 after acquiring an additional 293 shares during the last quarter. S Bank Fund Management Ltd lifted its holdings in shares of Mastercard by 12.3% in the 2nd quarter. S Bank Fund Management Ltd now owns 14,373 shares of the credit services provider’s stock worth $8,077,000 after acquiring an additional 1,573 shares during the last quarter. Werba Rubin Papier Wealth Management lifted its holdings in shares of Mastercard by 2.0% in the 2nd quarter. Werba Rubin Papier Wealth Management now owns 1,797 shares of the credit services provider’s stock worth $1,010,000 after acquiring an additional 36 shares during the last quarter. Finally, Evernest Financial Advisors LLC lifted its holdings in shares of Mastercard by 0.8% in the 2nd quarter. Evernest Financial Advisors LLC now owns 3,590 shares of the credit services provider’s stock worth $2,017,000 after acquiring an additional 28 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Trading Down 2.3%

Shares of NYSE:MA opened at $549.67 on Friday. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The company’s 50 day moving average is $580.48 and its two-hundred day moving average is $563.07. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The company has a market cap of $496.91 billion, a PE ratio of 37.06, a P/E/G ratio of 2.31 and a beta of 0.97.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating analysts’ consensus estimates of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. During the same period in the prior year, the firm posted $3.50 EPS. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. Equities analysts predict 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 will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be given a $0.76 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.6%. Mastercard’s dividend payout ratio is currently 20.50%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MA. Deutsche Bank Aktiengesellschaft began coverage on shares of Mastercard in a report on Thursday, July 17th. They issued a “buy” rating and a $650.00 price objective on the stock. Seaport Res Ptn upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Wolfe Research set a $655.00 target price on shares of Mastercard in a report on Monday, June 23rd. Truist Financial reduced their target price on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a report on Thursday, July 17th. Finally, Royal Bank Of Canada increased their target price on shares of Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $634.04.

Insider Activity at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the 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 sale, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at approximately $18,459,294. This represents a 35.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.09% of the company’s stock.

About Mastercard

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.