Consolidated Planning Corp Has $4.87 Million Holdings in Mastercard Incorporated $MA

Consolidated Planning Corp grew its stake in Mastercard Incorporated (NYSE:MA) by 3.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 8,657 shares of the credit services provider’s stock after buying an additional 269 shares during the quarter. Consolidated Planning Corp’s holdings in Mastercard were worth $4,865,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MA. Family Legacy Financial Solutions LLC acquired a new position in shares of Mastercard in the second quarter valued at approximately $26,000. Flaharty Asset Management LLC acquired a new position in shares of Mastercard in the first quarter valued at approximately $27,000. Keystone Global Partners LLC acquired a new position in Mastercard during the first quarter worth $31,000. Hughes Financial Services LLC acquired a new position in Mastercard during the first quarter worth $34,000. Finally, 1 North Wealth Services LLC acquired a new position in Mastercard during the first quarter worth $44,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on MA shares. TD Cowen restated a “buy” rating and set a $645.00 target price on shares of Mastercard in a report on Monday, August 11th. KeyCorp increased their target price on shares of Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Wolfe Research set a $655.00 target price on shares of Mastercard in a report on Monday, June 23rd. Wall Street Zen cut shares of Mastercard from a “buy” rating to a “hold” rating in a report on Friday, September 26th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Mastercard in a report on Thursday, July 17th. They set a “buy” rating and a $650.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $630.89.

Insider Activity

In other news, Director Julius Genachowski sold 312 shares of the stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the transaction, the director directly owned 8,469 shares of the company’s stock, valued at $4,833,004.23. This represents a 3.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO J. Mehra Sachin sold 17,816 shares of the 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 completion of the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at $18,330,922.26. The trade was a 36.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,391 shares of company stock worth $20,836,514 over the last three months. Insiders own 0.09% of the company’s stock.

Mastercard Stock Performance

Shares of MA stock opened at $574.40 on Thursday. The stock has a market cap of $519.26 billion, a P/E ratio of 38.73, a P/E/G ratio of 2.33 and a beta of 0.97. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The company has a fifty day moving average price of $579.73 and a two-hundred day moving average price of $561.01. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating analysts’ consensus estimates of $4.05 by $0.10. The firm had revenue of $8.13 billion during 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 company’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter last year, the company posted $3.50 earnings per share. As a group, equities analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

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

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.