Mastercard Incorporated (NYSE:MA) Stock Position Lifted by GM Advisory Group LLC

GM Advisory Group LLC lifted its position in Mastercard Incorporated (NYSE:MA) by 1.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,707 shares of the credit services provider’s stock after acquiring an additional 38 shares during the quarter. GM Advisory Group LLC’s holdings in Mastercard were worth $1,194,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Ieq Capital LLC increased its stake in Mastercard by 5.3% during the second quarter. Ieq Capital LLC now owns 63,616 shares of the credit services provider’s stock valued at $28,065,000 after purchasing an additional 3,218 shares during the last quarter. Brighton Jones LLC boosted its holdings in shares of Mastercard by 1.9% in the 2nd quarter. Brighton Jones LLC now owns 6,517 shares of the credit services provider’s stock valued at $2,875,000 after buying an additional 123 shares during the period. Intech Investment Management LLC boosted its holdings in shares of Mastercard by 31.1% in the 2nd quarter. Intech Investment Management LLC now owns 37,590 shares of the credit services provider’s stock valued at $16,583,000 after buying an additional 8,911 shares during the period. UP Strategic Wealth Investment Advisors LLC raised its stake in Mastercard by 10.0% during the second quarter. UP Strategic Wealth Investment Advisors LLC now owns 1,776 shares of the credit services provider’s stock worth $784,000 after acquiring an additional 161 shares during the period. Finally, XTX Topco Ltd bought a new position in Mastercard in the second quarter worth about $2,592,000. 97.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Mastercard news, major shareholder Foundation Mastercard sold 131,000 shares of the company’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $459.46, for a total value of $60,189,260.00. Following the transaction, the insider now owns 92,426,308 shares of the company’s stock, valued at $42,466,191,473.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction dated 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 transaction, 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 filing with the SEC, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 131,000 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $459.46, for a total transaction of $60,189,260.00. Following the sale, the insider now owns 92,426,308 shares in the company, valued at approximately $42,466,191,473.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 605,124 shares of company stock worth $280,045,189. Corporate insiders own 0.10% of the company’s stock.

Mastercard Trading Down 0.4 %

Shares of Mastercard stock opened at $493.01 on Friday. The business has a fifty day simple moving average of $465.19 and a 200-day simple moving average of $460.98. 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 $458.31 billion, a price-to-earnings ratio of 39.19, a price-to-earnings-growth 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, topping the consensus estimate of $3.51 by $0.08. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The firm had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.85 billion. On average, equities analysts forecast that Mastercard Incorporated will post 14.29 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be paid a dividend of $0.66 per share. 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 presently 20.99%.

Analyst Ratings Changes

Several equities analysts have recently commented on MA shares. Barclays upped their target price on Mastercard from $530.00 to $536.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Evercore ISI dropped their target price on Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. Royal Bank of Canada raised their target price on Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. upped their price target on shares of Mastercard from $500.00 to $570.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Finally, KeyCorp increased their price objective on shares of Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Five analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.