Mastercard Incorporated $MA Shares Acquired by RD Lewis Holdings Inc.

RD Lewis Holdings Inc. lifted its stake in shares of Mastercard Incorporated (NYSE:MA) by 57.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,170 shares of the credit services provider’s stock after buying an additional 1,163 shares during the quarter. Mastercard accounts for approximately 1.8% of RD Lewis Holdings Inc.’s holdings, making the stock its 22nd largest holding. RD Lewis Holdings Inc.’s holdings in Mastercard were worth $1,779,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Mastercard by 1.2% during the second quarter. Vanguard Group Inc. now owns 78,475,807 shares of the credit services provider’s stock valued at $44,098,695,000 after purchasing an additional 931,132 shares during the period. Kingstone Capital Partners Texas LLC purchased a new position in shares of Mastercard in the second quarter valued at $11,421,213,000. Price T Rowe Associates Inc. MD grew its holdings in Mastercard by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock valued at $11,015,557,000 after purchasing an additional 907,184 shares in the last quarter. Geode Capital Management LLC grew its holdings in Mastercard by 2.8% during the 2nd quarter. Geode Capital Management LLC now owns 19,760,552 shares of the credit services provider’s stock valued at $11,062,509,000 after purchasing an additional 542,841 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in Mastercard by 38.6% during the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock worth $7,413,936,000 after buying an additional 3,765,378 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.09% of the company’s stock.

Mastercard Stock Up 2.4%

Shares of Mastercard stock opened at $540.42 on Friday. The business has a 50-day moving average price of $563.32 and a 200 day moving average price of $569.09. 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 cap of $485.29 billion, a P/E ratio of 36.44, a P/E/G ratio of 2.27 and a beta of 0.92. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, topping the consensus estimate of $4.31 by $0.07. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company had revenue of $8.60 billion during the quarter, compared to analyst estimates of $8.53 billion. During the same quarter last year, the firm earned $3.89 EPS. The business’s revenue was up 16.7% on a year-over-year basis. On average, sell-side analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced 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 payout ratio is presently 19.44%.

Analyst Ratings Changes

A number of research firms have weighed in on MA. Truist Financial decreased their price objective on shares of Mastercard from $638.00 to $630.00 and set a “buy” rating for the company in a research report on Tuesday, November 4th. Citigroup upgraded Mastercard to a “strong-buy” rating in a research note on Thursday, October 23rd. Macquarie increased their price target on Mastercard from $655.00 to $660.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Wells Fargo & Company lowered their price objective on Mastercard from $669.00 to $660.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Finally, Wall Street Zen raised Mastercard from a “hold” rating to a “buy” rating in a research report on Saturday, October 18th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Mastercard presently has a consensus rating of “Buy” and an average target price 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.