Legacy Financial Advisors Inc. Grows Stock Position in Mastercard Incorporated (NYSE:MA)

Legacy Financial Advisors Inc. boosted its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,917 shares of the credit services provider’s stock after purchasing an additional 57 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in Mastercard were worth $1,728,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. VitalStone Financial LLC increased its holdings in shares of 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 during the last quarter. Westend Capital Management LLC acquired a new position in Mastercard in the first quarter valued at approximately $27,000. Palisade Asset Management LLC purchased a new position in Mastercard in the first quarter valued at approximately $27,000. Scarborough Advisors LLC acquired a new stake in Mastercard during the fourth quarter worth approximately $28,000. Finally, Beaird Harris Wealth Management LLC purchased a new stake in shares of Mastercard during the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Down 0.1 %

Shares of Mastercard stock opened at $492.63 on Friday. 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 firm has a market cap of $457.96 billion, a P/E ratio of 39.16, a P/E/G ratio of 1.92 and a beta of 1.10. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $501.80. The business has a 50-day moving average price of $466.24 and a 200 day moving average price of $461.15.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.08. The firm 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, sell-side analysts forecast that Mastercard Incorporated will post 14.29 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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

Insider Buying and Selling at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 138,000 shares of Mastercard stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total value of $62,540,220.00. Following the completion of the transaction, the insider now directly owns 92,152,308 shares in the company, valued at $41,762,504,462.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 approximately $8,440,885.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 138,000 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was 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 owns 92,152,308 shares in the company, valued at $41,762,504,462.52. The disclosure for this sale can be found here. Insiders sold a total of 605,124 shares of company stock worth $280,045,189 over the last ninety days. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on MA shares. Susquehanna lifted their price target on shares of Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a research note on Thursday, August 1st. TD Cowen boosted their target price on Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Compass Point began coverage on Mastercard in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 target price for the company. KeyCorp boosted their price objective on Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Finally, Citigroup raised their target price 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, twenty-one have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $512.08.

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.