Mastercard Incorporated $MA Shares Bought by Park Edge Advisors LLC

Park Edge Advisors LLC grew its holdings in shares of Mastercard Incorporated (NYSE:MA) by 12.4% during the second quarter, Holdings Channel reports. The firm owned 679 shares of the credit services provider’s stock after acquiring an additional 75 shares during the quarter. Park Edge Advisors LLC’s holdings in Mastercard were worth $382,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Flaharty Asset Management LLC acquired a new stake in shares of Mastercard during the first quarter worth $27,000. Keystone Global Partners LLC acquired a new stake in shares of Mastercard during the first quarter worth $31,000. 10Elms LLP acquired a new stake in shares of Mastercard during the fourth quarter worth $33,000. Hughes Financial Services LLC acquired a new stake in shares of Mastercard in the 1st quarter worth about $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Mastercard in the 4th quarter worth about $36,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Mastercard

In other news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the firm’s stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $560.00, for a total transaction of $536,480.00. Following the completion of the transaction, the insider owned 23,624 shares in the company, valued at approximately $13,229,440. This trade represents a 3.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO J. Mehra Sachin sold 17,816 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the transaction, the chief financial officer owned 31,234 shares of the company’s stock, valued at approximately $18,330,922.26. This trade represents a 36.32% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,094 shares of company stock worth $26,521,861. Company insiders own 0.09% of the company’s stock.

Mastercard Stock Down 1.4%

Mastercard stock opened at $580.75 on Friday. The stock has a market cap of $525.00 billion, a price-to-earnings ratio of 39.16, a PEG ratio of 2.41 and a beta of 0.99. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The company’s 50-day moving average price is $574.60 and its two-hundred day moving average price is $558.33. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77.

Mastercard (NYSE:MA) last released its earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating the consensus estimate of $4.05 by $0.10. The firm had revenue of $8.13 billion for the quarter, compared to analysts’ expectations of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. Mastercard’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter last year, the company earned $3.50 EPS. On average, analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th were given a dividend of $0.76 per share. The ex-dividend date was Wednesday, July 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. Mastercard’s dividend payout ratio (DPR) is 20.50%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on MA shares. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Mastercard in a report on Friday, August 1st. KeyCorp increased their price objective on shares of Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Seaport Res Ptn raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. UBS Group increased their price objective on shares of Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a report on Tuesday, June 3rd. Finally, Wells Fargo & Company increased their price objective on shares of Mastercard from $625.00 to $650.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $626.54.

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.