D.A. Davidson & CO. Acquires 1,066 Shares of Mastercard Incorporated $MA

D.A. Davidson & CO. increased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 3.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 32,450 shares of the credit services provider’s stock after buying an additional 1,066 shares during the period. D.A. Davidson & CO.’s holdings in Mastercard were worth $18,235,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. LGT Financial Advisors LLC purchased a new position in Mastercard in the second quarter worth about $25,000. Family Legacy Financial Solutions LLC purchased a new position in Mastercard in the second quarter worth about $26,000. Flaharty Asset Management LLC purchased a new position in Mastercard in the first quarter worth about $27,000. Keystone Global Partners LLC purchased a new position in Mastercard in the first quarter worth about $31,000. Finally, IMG Wealth Management Inc. purchased a new position in Mastercard in the second quarter worth about $31,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Truist Financial decreased their target price on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a report on Thursday, July 17th. Royal Bank Of Canada boosted their price objective on shares of Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Wall Street Zen raised shares of Mastercard from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. KeyCorp reissued an “overweight” rating and set a $665.00 price objective on shares of Mastercard in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Mastercard in a report on Thursday, July 17th. They set a “buy” rating and a $650.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $638.00.

Insider Buying and Selling at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief financial officer directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.09% of the stock is currently owned by insiders.

Mastercard Stock Performance

Shares of NYSE MA opened at $570.57 on Thursday. The firm has a 50 day moving average of $579.88 and a 200 day moving average of $564.14. 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 firm has a market capitalization of $515.80 billion, a price-to-earnings ratio of 38.47, a price-to-earnings-growth ratio of 2.34 and a beta of 0.97. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.05 by $0.10. The company had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the business posted $3.50 earnings per share. On average, research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard’s payout ratio is 20.50%.

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.