Mastercard Incorporated (NYSE:MA) Shares Bought by Advisory Alpha LLC

Advisory Alpha LLC grew its holdings in shares of Mastercard Incorporated (NYSE:MA) by 33.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,323 shares of the credit services provider’s stock after purchasing an additional 328 shares during the period. Advisory Alpha LLC’s holdings in Mastercard were worth $584,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Belpointe Asset Management LLC grew its holdings in shares of Mastercard by 2.3% in the 4th quarter. Belpointe Asset Management LLC now owns 5,136 shares of the credit services provider’s stock worth $2,191,000 after acquiring an additional 115 shares during the period. Edge Capital Group LLC grew its holdings in shares of Mastercard by 2.5% in the 4th quarter. Edge Capital Group LLC now owns 3,307 shares of the credit services provider’s stock worth $1,410,000 after acquiring an additional 80 shares during the period. Capital International Sarl grew its holdings in shares of Mastercard by 7.4% in the 4th quarter. Capital International Sarl now owns 53,959 shares of the credit services provider’s stock worth $23,014,000 after acquiring an additional 3,739 shares during the period. Capital Research Global Investors grew its holdings in shares of Mastercard by 4.7% in the 4th quarter. Capital Research Global Investors now owns 13,608,023 shares of the credit services provider’s stock worth $5,803,956,000 after acquiring an additional 605,909 shares during the period. Finally, Amussen Hunsaker Associates LLC grew its holdings in shares of Mastercard by 2.6% in the 4th quarter. Amussen Hunsaker Associates LLC now owns 3,843 shares of the credit services provider’s stock worth $1,639,000 after acquiring an additional 99 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Trading Up 0.5 %

Shares of MA opened at $496.19 on Wednesday. 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 firm has a market capitalization of $461.27 billion, a P/E ratio of 39.44, a price-to-earnings-growth ratio of 1.96 and a beta of 1.10. The stock’s fifty day simple moving average is $472.79 and its 200 day simple moving average is $462.01. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $501.80.

Mastercard (NYSE:MA) last issued its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.08. The business had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. On average, equities research analysts forecast that Mastercard Incorporated will post 14.29 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.53%. Mastercard’s dividend payout ratio is currently 20.99%.

Analyst Ratings Changes

A number of research firms recently weighed in on MA. BNP Paribas cut Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target on the stock. in a report on Tuesday, September 3rd. Bank of America increased their target price on Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. William Blair upgraded Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Royal Bank of Canada increased their target price on Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Finally, Evercore ISI lowered their target price on Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Five equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $517.22.

Insider Activity at Mastercard

In related news, major shareholder Foundation Mastercard sold 119,000 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $468.46, for a total value of $55,746,740.00. Following the completion of the sale, the insider now directly owns 92,033,308 shares in the company, valued at approximately $43,113,923,465.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the sale, the chief financial officer now directly owns 27,304 shares in the company, valued at $12,423,320. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 119,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $468.46, for a total value of $55,746,740.00. Following the sale, the insider now owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. The disclosure for this sale can be found here. In the last three months, insiders sold 340,809 shares of company stock worth $159,610,703. Corporate insiders own 0.10% of the company’s stock.

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.