IFC Advisors LLC Has $2.46 Million Position in Mastercard Incorporated $MA

IFC Advisors LLC raised its holdings in shares of Mastercard Incorporated (NYSE:MA) by 1.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 4,384 shares of the credit services provider’s stock after acquiring an additional 56 shares during the period. IFC Advisors LLC’s holdings in Mastercard were worth $2,464,000 at the end of the most recent reporting period.

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 2nd quarter valued at $26,000. Flaharty Asset Management LLC acquired a new position in shares of Mastercard in the 1st quarter valued at $27,000. Keystone Global Partners LLC acquired a new position in shares of Mastercard in the 1st quarter valued at $31,000. Hughes Financial Services LLC acquired a new position in shares of Mastercard in the 1st quarter valued at $34,000. Finally, 1 North Wealth Services LLC acquired a new position in shares of Mastercard in the 1st quarter valued at $44,000. Institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,330,922.26. This represents a 36.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

MA has been the subject of several research analyst reports. KeyCorp boosted their price target on shares of Mastercard from $635.00 to $660.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Truist Financial cut their price objective on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a research report on Thursday, July 17th. TD Cowen reaffirmed a “buy” rating and issued a $645.00 price objective on shares of Mastercard in a research report on Monday, August 11th. Seaport Res Ptn raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. Finally, Morgan Stanley boosted their price objective on shares of Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Two equities research 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 data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $634.04.

Mastercard Trading Up 0.3%

Shares of NYSE:MA opened at $558.89 on Tuesday. The company’s 50-day moving average price is $580.79 and its two-hundred day moving average price is $563.03. 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 one year low of $465.59 and a one year high of $601.77. The stock has a market capitalization of $505.24 billion, a PE ratio of 37.69, a price-to-earnings-growth ratio of 2.28 and a beta of 0.97.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.05 by $0.10. The company 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%. Mastercard’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.50 EPS. On average, equities analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared 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. The ex-dividend date 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 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.