Spartan Planning & Wealth Management Has $914,000 Position in Mastercard Incorporated $MA

Spartan Planning & Wealth Management lifted its stake in Mastercard Incorporated (NYSE:MA) by 6.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,626 shares of the credit services provider’s stock after purchasing an additional 99 shares during the period. Mastercard accounts for 0.8% of Spartan Planning & Wealth Management’s portfolio, making the stock its 26th largest position. Spartan Planning & Wealth Management’s holdings in Mastercard were worth $914,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MA. Brighton Jones LLC boosted its stake in Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after acquiring an additional 2,028 shares during the last quarter. Baker Tilly Wealth Management LLC boosted its stake in Mastercard by 13.1% in the first quarter. Baker Tilly Wealth Management LLC now owns 1,528 shares of the credit services provider’s stock valued at $838,000 after acquiring an additional 177 shares during the last quarter. Fiduciary Alliance LLC boosted its stake in Mastercard by 1.1% in the first quarter. Fiduciary Alliance LLC now owns 7,646 shares of the credit services provider’s stock valued at $4,191,000 after acquiring an additional 81 shares during the last quarter. Enterprise Bank & Trust Co boosted its stake in Mastercard by 0.6% in the first quarter. Enterprise Bank & Trust Co now owns 6,929 shares of the credit services provider’s stock valued at $3,798,000 after acquiring an additional 42 shares during the last quarter. Finally, NBC Securities Inc. boosted its stake in Mastercard by 110,242.9% in the first quarter. NBC Securities Inc. now owns 7,724 shares of the credit services provider’s stock valued at $4,233,000 after acquiring an additional 7,717 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Mastercard Trading Up 0.5%

MA opened at $568.04 on Tuesday. The stock has a market capitalization of $513.51 billion, a P/E ratio of 38.30, a P/E/G ratio of 2.32 and a beta of 0.99. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The firm’s fifty day simple moving average is $579.27 and its 200 day simple moving average is $560.85. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41.

Mastercard (NYSE:MA) last posted its quarterly earnings data 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 business 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%. The firm’s revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.50 EPS. As a group, research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard’s payout ratio is presently 20.50%.

Insider Buying and Selling at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total value of $10,202,433.00. Following the sale, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,459,294. The trade was a 35.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Julius Genachowski sold 312 shares of Mastercard stock in a transaction on Monday, July 7th. The shares were sold at an average price of $570.67, for a total transaction of $178,049.04. Following the completion of the sale, the director owned 8,469 shares in the company, valued at $4,833,004.23. The trade was a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,391 shares of company stock worth $20,836,514 over the last quarter. Company insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MA. Truist Financial decreased their price target on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a report on Thursday, July 17th. Wall Street Zen lowered shares of Mastercard from a “buy” rating to a “hold” rating in a report on Friday. Deutsche Bank Aktiengesellschaft began coverage on shares of Mastercard in a report on Thursday, July 17th. They issued a “buy” rating and a $650.00 price target for the company. Wells Fargo & Company boosted their price target on shares of Mastercard from $625.00 to $650.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, Morgan Stanley boosted their price target on shares of Mastercard from $639.00 to $661.00 and gave the company 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 given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Mastercard has an average rating of “Buy” and an average target price of $630.89.

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.