Professional Financial Advisors LLC Purchases 53 Shares of Mastercard Incorporated (NYSE:MA)

Professional Financial Advisors LLC grew its position in shares of Mastercard Incorporated (NYSE:MA) by 1.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,902 shares of the credit services provider’s stock after buying an additional 53 shares during the quarter. Professional Financial Advisors LLC’s holdings in Mastercard were worth $1,433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. CHICAGO TRUST Co NA raised its holdings in Mastercard by 9.6% in the 3rd quarter. CHICAGO TRUST Co NA now owns 5,528 shares of the credit services provider’s stock worth $2,730,000 after purchasing an additional 485 shares during the period. Carnegie Investment Counsel raised its holdings in Mastercard by 0.5% in the 3rd quarter. Carnegie Investment Counsel now owns 115,821 shares of the credit services provider’s stock worth $57,192,000 after purchasing an additional 596 shares during the period. Retirement Planning Group LLC bought a new position in Mastercard in the 3rd quarter worth $319,000. Mechanics Bank Trust Department raised its holdings in Mastercard by 0.9% in the 3rd quarter. Mechanics Bank Trust Department now owns 5,234 shares of the credit services provider’s stock worth $2,585,000 after purchasing an additional 47 shares during the period. Finally, Montis Financial LLC raised its holdings in Mastercard by 72.6% in the 3rd quarter. Montis Financial LLC now owns 1,427 shares of the credit services provider’s stock worth $705,000 after purchasing an additional 600 shares during the period. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Up 0.9 %

Shares of NYSE MA opened at $502.26 on Friday. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $464.01 billion, a P/E ratio of 38.40, a PEG ratio of 2.22 and a beta of 1.10. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $502.92. The firm has a 50-day simple moving average of $480.78 and a two-hundred day simple moving average of $462.99.

Mastercard (NYSE:MA) last posted its quarterly earnings results 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. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The firm had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.85 billion. Research analysts anticipate that Mastercard Incorporated will post 14.3 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s payout ratio is 20.18%.

Insider Activity at Mastercard

In related news, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction that occurred on 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 directly owns 27,304 shares of the company’s stock, valued at $12,423,320. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other Mastercard news, major shareholder Foundation Mastercard sold 119,000 shares of Mastercard stock in a transaction on Friday, August 16th. The shares were sold at an average price of $468.46, for a total value of $55,746,740.00. Following 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 trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction on Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the transaction, the chief financial officer now directly owns 27,304 shares in the company, valued at $12,423,320. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 340,809 shares of company stock valued at $159,610,703 over the last ninety days. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Compass Point assumed coverage on Mastercard in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price target for the company. Citigroup increased their price target on Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. BNP Paribas lowered Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target for the company. in a research note on Tuesday, September 3rd. KeyCorp increased their price target on Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Finally, Piper Sandler increased their price target on Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Five analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $518.96.

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.