Pacer Advisors Inc. Grows Position in Mastercard Incorporated (NYSE:MA)

Pacer Advisors Inc. lifted its stake in Mastercard Incorporated (NYSE:MA) by 4.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 80,661 shares of the credit services provider’s stock after buying an additional 3,473 shares during the quarter. Pacer Advisors Inc.’s holdings in Mastercard were worth $35,584,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of MA. Hoxton Planning & Management LLC increased its stake in Mastercard by 1.4% in the 1st quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock worth $788,000 after buying an additional 22 shares during the period. Quilter Plc boosted its stake in Mastercard by 2.8% in the 2nd quarter. Quilter Plc now owns 801 shares of the credit services provider’s stock worth $353,000 after purchasing an additional 22 shares in the last quarter. Carolinas Wealth Consulting LLC boosted its stake in Mastercard by 5.0% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock worth $206,000 after purchasing an additional 23 shares in the last quarter. Benin Management CORP raised its position in Mastercard by 3.0% during the 1st quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock worth $382,000 after buying an additional 23 shares during the last quarter. Finally, Atticus Wealth Management LLC raised its position in Mastercard by 1.3% during the 1st quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock worth $835,000 after buying an additional 23 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MA. Susquehanna lifted their target price on shares of Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a report on Thursday, August 1st. Piper Sandler lifted their target price on shares of Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Compass Point began coverage on shares of Mastercard in a research report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price target on the stock. TD Cowen upped their target price on shares of Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, William Blair raised shares of Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Five research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $512.08.

Mastercard Stock Performance

Shares of NYSE MA opened at $492.74 on Friday. Mastercard Incorporated has a one year low of $359.77 and a one year high of $501.80. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. The business has a fifty day simple moving average of $466.24 and a 200 day simple moving average of $461.11. The firm has a market capitalization of $458.06 billion, a price-to-earnings ratio of 39.17, a PEG ratio of 1.92 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, beating the consensus estimate of $3.51 by $0.08. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The company had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.85 billion. Sell-side analysts expect that Mastercard Incorporated will post 14.29 EPS for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be given a dividend of $0.66 per share. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.54%. Mastercard’s payout ratio is currently 20.99%.

Insider Transactions at Mastercard

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now directly owns 17,118 shares in the company, valued at approximately $8,440,885.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the sale, the chief marketing officer now owns 17,118 shares in the company, valued at approximately $8,440,885.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 138,000 shares of the stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total value of $62,540,220.00. Following the completion of the sale, the insider now owns 92,152,308 shares in the company, valued at approximately $41,762,504,462.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 605,124 shares of company stock worth $280,045,189. 0.10% of the stock is currently owned by company insiders.

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.