NorthRock Partners LLC Raises Stake in Mastercard Incorporated $MA

NorthRock Partners LLC grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 8.6% in the second quarter, HoldingsChannel.com reports. The firm owned 11,190 shares of the credit services provider’s stock after buying an additional 882 shares during the quarter. NorthRock Partners LLC’s holdings in Mastercard were worth $6,286,000 at the end of the most recent quarter.

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

Insider Buying and Selling at Mastercard

In other news, CFO J. Mehra Sachin sold 17,816 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was 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. This trade represents a 36.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.09% of the stock is owned by insiders.

Mastercard Price Performance

MA opened at $556.80 on Monday. The stock has a fifty day simple moving average of $581.01 and a two-hundred day simple moving average of $562.90. 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 has a market cap of $503.35 billion, a price-to-earnings ratio of 37.55, a price-to-earnings-growth ratio of 2.28 and a beta of 0.97. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77.

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

Mastercard Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have recently weighed in on MA. Seaport Res Ptn raised Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 14th. Truist Financial dropped their price target on Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a research note on Thursday, July 17th. Deutsche Bank Aktiengesellschaft started coverage on Mastercard in a research note on Thursday, July 17th. They issued a “buy” rating and a $650.00 price target for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mastercard in a research note on Wednesday, October 8th. Finally, Robert W. Baird raised their price target on Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $634.04.

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.