Pathway Financial Advisers LLC Boosts Holdings in Mastercard Incorporated (NYSE:MA)

Pathway Financial Advisers LLC boosted its position in Mastercard Incorporated (NYSE:MA) by 9.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 386 shares of the credit services provider’s stock after acquiring an additional 34 shares during the period. Pathway Financial Advisers LLC’s holdings in Mastercard were worth $168,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MA. Westend Capital Management LLC bought a new stake in shares of Mastercard during the 1st quarter valued at about $27,000. Palisade Asset Management LLC purchased a new position in Mastercard in the first quarter worth $27,000. VitalStone Financial LLC increased its stake in Mastercard by 300.0% in the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 45 shares during the last quarter. Scarborough Advisors LLC purchased a new stake in Mastercard during the fourth quarter valued at about $28,000. Finally, Beaird Harris Wealth Management LLC bought a new stake in Mastercard during the fourth quarter worth about $30,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Trading Up 0.5 %

NYSE:MA opened at $496.19 on Wednesday. The stock has a market cap of $461.27 billion, a price-to-earnings ratio of 39.44, a PEG ratio of 1.96 and a beta of 1.10. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. The company’s 50 day moving average price is $472.79 and its 200-day moving average price is $462.01. Mastercard Incorporated has a 52 week low of $359.77 and a 52 week high of $501.80.

Mastercard (NYSE:MA) last posted its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $0.08. The business had revenue of $6.96 billion during 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 fiscal year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is 20.99%.

Wall Street Analyst Weigh In

Several research analysts have commented on MA shares. Compass Point started coverage on shares of Mastercard in a research note on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price target on the stock. Bank of America increased their price objective on Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. Barclays boosted their price objective on shares of Mastercard from $530.00 to $536.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. increased their target price on shares of Mastercard from $500.00 to $570.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Finally, Evercore ISI lowered their price target on Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Five investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and a consensus price target of $517.22.

Insider Buying and Selling at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the sale, the chief marketing officer now directly owns 17,118 shares in the company, valued at $8,440,885.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Mastercard 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 value of $6,114,745.00. Following the transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the sale, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 340,809 shares of company stock worth $159,610,703. Company insiders own 0.10% 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.