Benjamin F. Edwards & Company Inc. Purchases 188 Shares of Mastercard Incorporated (NYSE:MA)

Benjamin F. Edwards & Company Inc. lifted its position in shares of Mastercard Incorporated (NYSE:MA) by 0.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 92,040 shares of the credit services provider’s stock after buying an additional 188 shares during the quarter. Mastercard comprises 0.7% of Benjamin F. Edwards & Company Inc.’s holdings, making the stock its 29th biggest position. Benjamin F. Edwards & Company Inc.’s holdings in Mastercard were worth $40,605,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MA. VitalStone Financial LLC raised its holdings in Mastercard by 300.0% in the 4th 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 in the last quarter. Westend Capital Management LLC acquired a new position in shares of Mastercard in the 1st quarter valued at approximately $27,000. Palisade Asset Management LLC bought a new stake in shares of Mastercard during the 1st quarter worth approximately $27,000. Scarborough Advisors LLC acquired a new stake in shares of Mastercard during the 4th quarter worth approximately $28,000. Finally, Beaird Harris Wealth Management LLC bought a new position in Mastercard in the fourth quarter valued at approximately $30,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Mastercard stock opened at $493.01 on Friday. Mastercard Incorporated has a 52 week low of $359.77 and a 52 week high of $501.80. The company’s 50 day moving average price is $465.19 and its two-hundred day moving average price is $460.98. The stock has a market cap of $458.31 billion, a P/E ratio of 39.19, a P/E/G ratio of 1.92 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.

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

Mastercard Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 0.54%. The ex-dividend date is Wednesday, October 9th. Mastercard’s dividend payout ratio is 20.99%.

Insider Activity

In other Mastercard 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 transaction of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at $8,440,885.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the 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 completion of the transaction, the chief marketing officer now 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 available through the SEC website. Also, major shareholder Foundation Mastercard sold 138,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the completion of the sale, the insider now directly 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. Insiders sold 605,124 shares of company stock valued at $280,045,189 in the last three months. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Citigroup raised their target price on Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Piper Sandler raised their price objective on Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Royal Bank of Canada boosted their target price on Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. lifted their price target on shares of Mastercard from $500.00 to $570.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Finally, KeyCorp increased their price objective on shares of Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and a consensus price target of $512.08.

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.