Boyd Watterson Asset Management LLC OH Has $616,000 Stake in Mastercard Incorporated $MA

Boyd Watterson Asset Management LLC OH increased its position in Mastercard Incorporated (NYSE:MA) by 2.4% in the second quarter, HoldingsChannel reports. The firm owned 1,096 shares of the credit services provider’s stock after acquiring an additional 26 shares during the period. Boyd Watterson Asset Management LLC OH’s holdings in Mastercard were worth $616,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MA. Kingstone Capital Partners Texas LLC acquired a new position in Mastercard in the 2nd quarter worth approximately $11,421,213,000. Nuveen LLC acquired a new position in Mastercard in the 1st quarter worth approximately $4,238,764,000. Wellington Management Group LLP boosted its stake in Mastercard by 38.6% in the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock worth $7,413,936,000 after purchasing an additional 3,765,378 shares during the period. Assenagon Asset Management S.A. boosted its stake in Mastercard by 3,493.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 934,110 shares of the credit services provider’s stock worth $524,914,000 after purchasing an additional 908,116 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in Mastercard by 4.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock worth $11,015,557,000 after purchasing an additional 907,184 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Down 0.4%

MA stock opened at $571.51 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The company has a fifty day simple moving average of $579.25 and a 200 day simple moving average of $566.75. The firm has a market cap of $516.65 billion, a PE ratio of 38.54, a PEG ratio of 2.35 and a beta of 0.97.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating 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 business had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. During the same quarter in the previous year, the business earned $3.50 EPS. Mastercard’s quarterly revenue was up 16.8% compared to the same quarter last year. Sell-side analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

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 issued 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%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MA. Robert W. Baird lifted their target price on shares of Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Citigroup raised shares of Mastercard to a “strong-buy” rating in a research note on Thursday, October 23rd. Truist Financial set a $638.00 target price on shares of Mastercard in a research note on Friday. Morgan Stanley lifted their target price on shares of Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Finally, TD Cowen reissued a “buy” rating and set a $645.00 target price on shares of Mastercard in a research note on Monday, August 11th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $638.96.

Insider Buying and Selling

In related news, CFO J. Mehra Sachin sold 17,816 shares of Mastercard stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total value 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 trade represents a 36.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.09% of the stock is owned by company insiders.

About Mastercard

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.