Northern Financial Advisors Inc Has $1.29 Million Holdings in Mastercard Incorporated $MA

Northern Financial Advisors Inc cut its stake in shares of Mastercard Incorporated (NYSE:MA) by 0.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,286 shares of the credit services provider’s stock after selling 21 shares during the period. Northern Financial Advisors Inc’s holdings in Mastercard were worth $1,285,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MA. Brighton Jones LLC lifted its position in Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after acquiring an additional 2,028 shares during the last quarter. NewSquare Capital LLC lifted its position in Mastercard by 550.0% during the first quarter. NewSquare Capital LLC now owns 325 shares of the credit services provider’s stock worth $178,000 after acquiring an additional 275 shares during the last quarter. Requisite Capital Management LLC acquired a new stake in Mastercard during the first quarter worth approximately $310,000. Wealthcare Advisory Partners LLC lifted its position in Mastercard by 3.2% during the first quarter. Wealthcare Advisory Partners LLC now owns 6,819 shares of the credit services provider’s stock worth $3,737,000 after acquiring an additional 212 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Mastercard by 19.9% during the first quarter. GAMMA Investing LLC now owns 15,007 shares of the credit services provider’s stock worth $8,226,000 after acquiring an additional 2,493 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the sale, the chief financial officer owned 31,234 shares of the company’s stock, valued at approximately $18,459,294. This represents a 35.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of analyst reports. TD Cowen reiterated a “buy” rating and issued a $645.00 price target on shares of Mastercard in a research report on Monday, August 11th. Royal Bank Of Canada lifted their price target on shares of Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Mastercard in a research report on Saturday, September 27th. Robert W. Baird lifted their price target on shares of Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Seaport Res Ptn upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $634.04.

Mastercard Stock Performance

NYSE MA opened at $579.24 on Wednesday. The firm’s fifty day moving average price is $580.78 and its two-hundred day moving average price is $562.45. The stock has a market cap of $523.64 billion, a PE ratio of 39.06, a PEG ratio of 2.37 and a beta of 0.97. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16.

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

Mastercard Announces Dividend

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