Copperwynd Financial LLC Buys 494 Shares of Mastercard Incorporated (NYSE:MA)

Copperwynd Financial LLC boosted its stake in Mastercard Incorporated (NYSE:MA) by 14.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,817 shares of the credit services provider’s stock after purchasing an additional 494 shares during the period. Copperwynd Financial LLC’s holdings in Mastercard were worth $1,770,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in MA. Hoxton Planning & Management LLC grew its holdings in shares of Mastercard by 1.4% in the first quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock worth $788,000 after acquiring an additional 22 shares during the period. Quilter Plc grew its stake in shares of Mastercard by 2.8% during the 2nd quarter. Quilter Plc now owns 801 shares of the credit services provider’s stock valued at $353,000 after purchasing an additional 22 shares during the period. Carolinas Wealth Consulting LLC increased its position in shares of Mastercard by 5.0% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock valued at $206,000 after purchasing an additional 23 shares during the last quarter. Benin Management CORP lifted its stake in shares of Mastercard by 3.0% in the 1st quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock worth $382,000 after purchasing an additional 23 shares during the period. Finally, Atticus Wealth Management LLC boosted its holdings in shares of Mastercard by 1.3% in the first quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock worth $835,000 after buying an additional 23 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Activity

In other news, major shareholder Foundation Mastercard sold 119,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the transaction, the insider now owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, major shareholder Foundation Mastercard sold 119,000 shares of Mastercard stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the completion of the transaction, the insider now directly owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction 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. The disclosure for this sale can be found here. Insiders sold 340,809 shares of company stock valued at $159,610,703 in the last ninety days. Insiders own 0.10% of the company’s stock.

Mastercard Trading Up 0.5 %

MA stock opened at $493.64 on Friday. The firm has a fifty day moving average price of $470.79 and a 200 day moving average price of $461.86. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $501.80. The firm has a market cap of $458.90 billion, a PE ratio of 39.24, a price-to-earnings-growth ratio of 1.96 and a beta of 1.10. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14.

Mastercard (NYSE:MA) last issued its quarterly earnings data 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 analysts’ expectations of $6.85 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. Sell-side analysts anticipate that Mastercard Incorporated will post 14.29 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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 dividend of $0.66 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.53%. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Analyst Ratings Changes

A number of brokerages have commented on MA. BMO Capital Markets reaffirmed an “outperform” rating and set a $520.00 target price on shares of Mastercard in a report on Wednesday, August 14th. JPMorgan Chase & Co. raised their target price on Mastercard from $500.00 to $570.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Argus upgraded Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. Citigroup upped their price target on Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, William Blair raised Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. 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 company’s stock. According to data from MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and a consensus price target of $513.70.

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.