Professional Financial Advisors LLC Makes New $983,000 Investment in Mastercard Incorporated (NYSE:MA)

Professional Financial Advisors LLC acquired a new stake in Mastercard Incorporated (NYSE:MA) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,501 shares of the credit services provider’s stock, valued at approximately $983,000.

A number of other large investors have also added to or reduced their stakes in the business. American National Bank grew its position in shares of Mastercard by 2.1% in the second quarter. American National Bank now owns 2,873 shares of the credit services provider’s stock valued at $1,130,000 after purchasing an additional 59 shares during the last quarter. Darwin Wealth Management LLC bought a new stake in Mastercard in the 2nd quarter valued at about $281,000. FSM Wealth Advisors LLC increased its holdings in shares of Mastercard by 8.6% during the second quarter. FSM Wealth Advisors LLC now owns 1,322 shares of the credit services provider’s stock worth $526,000 after purchasing an additional 105 shares during the period. Contravisory Investment Management Inc. raised its position in shares of Mastercard by 1,649.7% in the second quarter. Contravisory Investment Management Inc. now owns 19,404 shares of the credit services provider’s stock valued at $7,632,000 after buying an additional 18,295 shares in the last quarter. Finally, Platform Technology Partners increased its stake in Mastercard by 1.0% during the 2nd quarter. Platform Technology Partners now owns 4,569 shares of the credit services provider’s stock worth $1,818,000 after acquiring an additional 45 shares during the period. Institutional investors own 74.94% of the company’s stock.

Insider Buying and Selling

In other Mastercard news, major shareholder Foundation Mastercard sold 125,816 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $391.39, for a total transaction of $49,243,124.24. Following the sale, the insider now owns 99,430,749 shares of the company’s stock, valued at $38,916,200,851.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Mastercard news, major shareholder Foundation Mastercard sold 125,816 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $391.39, for a total value of $49,243,124.24. Following the transaction, the insider now directly owns 99,430,749 shares of the company’s stock, valued at $38,916,200,851.11. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Craig Vosburg sold 6,333 shares of the firm’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $400.00, for a total transaction of $2,533,200.00. Following the sale, the insider now directly owns 46,491 shares of the company’s stock, valued at approximately $18,596,400. The disclosure for this sale can be found here. Insiders sold 415,267 shares of company stock valued at $164,793,283 over the last quarter. Insiders own 0.13% of the company’s stock.

Mastercard Stock Up 0.7 %

Shares of NYSE:MA opened at $417.13 on Tuesday. The business has a fifty day simple moving average of $401.97 and a 200 day simple moving average of $381.97. Mastercard Incorporated has a 12-month low of $276.87 and a 12-month high of $418.60. The firm has a market cap of $393.02 billion, a P/E ratio of 39.09, a P/E/G ratio of 1.86 and a beta of 1.10. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.57.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, July 27th. The credit services provider reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.05. Mastercard had a return on equity of 178.10% and a net margin of 43.37%. The company had revenue of $6.30 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same period last year, the company earned $2.56 earnings per share. The firm’s revenue was up 14.5% compared to the same quarter last year. Analysts predict that Mastercard Incorporated will post 12.13 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 9th. Stockholders of record on Friday, July 7th were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Thursday, July 6th. Mastercard’s dividend payout ratio (DPR) is presently 21.37%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on MA shares. Robert W. Baird raised their price target on Mastercard from $435.00 to $450.00 in a research report on Friday, July 28th. Susquehanna increased their price target on shares of Mastercard from $433.00 to $486.00 and gave the stock a “positive” rating in a research report on Friday, July 28th. Citigroup boosted their price objective on shares of Mastercard from $440.00 to $455.00 and gave the company a “buy” rating in a research report on Monday, July 31st. Barclays upped their target price on Mastercard from $437.00 to $470.00 and gave the stock an “overweight” rating in a research note on Monday, July 24th. Finally, BMO Capital Markets boosted their price target on Mastercard from $463.00 to $488.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. One analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $442.83.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.