Daymark Wealth Partners LLC Raises Stock Position in Mastercard Incorporated (NYSE:MA)

Daymark Wealth Partners LLC raised its stake in shares of Mastercard Incorporated (NYSE:MA) by 3.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,097 shares of the credit services provider’s stock after purchasing an additional 303 shares during the period. Daymark Wealth Partners LLC’s holdings in Mastercard were worth $3,998,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of MA. Westend Capital Management LLC acquired a new stake in Mastercard during the 1st quarter worth $27,000. Palisade Asset Management LLC acquired a new position in Mastercard during the first quarter worth about $27,000. Scarborough Advisors LLC purchased a new stake in Mastercard during the 4th quarter valued at about $28,000. Beaird Harris Wealth Management LLC purchased a new stake in Mastercard during the 4th quarter valued at about $30,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in Mastercard in the 2nd quarter valued at about $34,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on MA shares. TD Cowen upped their price target on Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. BMO Capital Markets restated an “outperform” rating and issued a $520.00 target price on shares of Mastercard in a report on Wednesday, August 14th. Piper Sandler lifted their price target on Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. William Blair raised shares of Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Finally, Citigroup raised their price objective on shares of Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and an average target price of $517.22.

Mastercard Stock Up 0.5 %

Shares of NYSE:MA opened at $499.61 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $501.80. The stock has a market cap of $464.44 billion, a price-to-earnings ratio of 39.71, a price-to-earnings-growth ratio of 1.96 and a beta of 1.10. The firm’s 50 day moving average price is $478.54 and its 200 day moving average price is $462.40.

Mastercard (NYSE:MA) last released its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.08. The business had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. As a group, equities research analysts predict 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. Stockholders of record on Wednesday, October 9th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Insider Buying and Selling

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the sale, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the sale, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction that occurred on 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 owns 27,304 shares in the company, valued at $12,423,320. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 340,809 shares of company stock worth $159,610,703 over the last 90 days. 0.10% of the stock is owned by 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.