D.B. Root & Company LLC Has $1.40 Million Stake in Mastercard Incorporated $MA

D.B. Root & Company LLC decreased its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 2,492 shares of the credit services provider’s stock after selling 41 shares during the period. D.B. Root & Company LLC’s holdings in Mastercard were worth $1,400,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of MA. Capital Advisors Inc. OK lifted its position in shares of Mastercard by 3.2% during the 2nd quarter. Capital Advisors Inc. OK now owns 1,455 shares of the credit services provider’s stock worth $818,000 after buying an additional 45 shares during the period. Relyea Zuckerberg Hanson LLC boosted its holdings in shares of Mastercard by 7.1% in the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 4,039 shares of the credit services provider’s stock worth $2,270,000 after acquiring an additional 269 shares in the last quarter. Valley National Advisers Inc. raised its position in Mastercard by 15.1% in the 2nd quarter. Valley National Advisers Inc. now owns 724 shares of the credit services provider’s stock worth $406,000 after purchasing an additional 95 shares during the last quarter. Duncan Williams Asset Management LLC raised its position in Mastercard by 2.0% in the 2nd quarter. Duncan Williams Asset Management LLC now owns 6,726 shares of the credit services provider’s stock worth $3,780,000 after purchasing an additional 131 shares during the last quarter. Finally, PUREfi Wealth LLC raised its position in Mastercard by 11.5% in the 2nd quarter. PUREfi Wealth LLC now owns 982 shares of the credit services provider’s stock worth $552,000 after purchasing an additional 101 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In related news, CFO J. Mehra Sachin sold 17,263 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,459,294. This trade represents a 35.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. KeyCorp boosted their price objective on shares of Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft began coverage on shares of Mastercard in a research note on Thursday, July 17th. They issued a “buy” rating and a $650.00 target price for the company. Wolfe Research set a $655.00 target price on shares of Mastercard in a research note on Monday, June 23rd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Mastercard in a research note on Friday, August 1st. Finally, Seaport Res Ptn raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Mastercard has a consensus rating of “Buy” and an average price target of $630.89.

Mastercard Price Performance

Shares of NYSE MA opened at $581.08 on Monday. The stock has a market capitalization of $525.30 billion, a price-to-earnings ratio of 39.18, a PEG ratio of 2.38 and a beta of 0.97. The business has a 50-day moving average of $580.26 and a 200-day moving average of $562.03. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77.

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

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors 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 dividend payout ratio (DPR) is 20.50%.

Mastercard 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.