J. W. Coons Advisors LLC Acquires 2,880 Shares of Mastercard Incorporated $MA

J. W. Coons Advisors LLC raised its holdings in Mastercard Incorporated (NYSE:MA) by 76.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,631 shares of the credit services provider’s stock after purchasing an additional 2,880 shares during the period. J. W. Coons Advisors LLC’s holdings in Mastercard were worth $3,726,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Accredited Investors Inc. raised its position in shares of Mastercard by 2.6% in the 1st quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider’s stock valued at $394,000 after buying an additional 18 shares in the last quarter. Wealthstream Advisors Inc. raised its position in shares of Mastercard by 2.9% in the 1st quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider’s stock valued at $347,000 after buying an additional 18 shares in the last quarter. Pinion Investment Advisors LLC raised its position in shares of Mastercard by 0.8% in the 2nd quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider’s stock valued at $1,276,000 after buying an additional 18 shares in the last quarter. KRS Capital Management LLC raised its position in shares of Mastercard by 0.6% in the 2nd quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider’s stock valued at $1,601,000 after buying an additional 18 shares in the last quarter. Finally, Nvest Financial LLC raised its position in shares of Mastercard by 1.2% in the 2nd quarter. Nvest Financial LLC now owns 1,505 shares of the credit services provider’s stock valued at $846,000 after buying an additional 18 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Trading Down 1.4%

Shares of NYSE MA opened at $544.05 on Tuesday. 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 Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The firm has a 50 day moving average price of $575.44 and a two-hundred day moving average price of $568.63. The stock has a market cap of $491.83 billion, a P/E ratio of 36.69, a price-to-earnings-growth ratio of 2.27 and a beta of 0.97.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.31 by $0.07. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $8.53 billion. During the same period in the prior year, the company posted $3.89 EPS. The company’s revenue was up 16.7% on a year-over-year basis. As a group, equities analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s dividend payout ratio is currently 19.44%.

Insider Activity at Mastercard

In other 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 value of $10,202,433.00. Following the sale, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at approximately $18,459,294. This represents a 35.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Mastercard in a research report on Wednesday, October 8th. Cowen reiterated a “buy” rating on shares of Mastercard in a research report on Friday. The Goldman Sachs Group reiterated a “buy” rating and set a $713.00 price objective on shares of Mastercard in a research report on Thursday. Wells Fargo & Company lowered their price objective on shares of Mastercard from $669.00 to $660.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Truist Financial set a $638.00 price objective on shares of Mastercard in a research report on Friday, October 24th. Four analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Mastercard currently has a consensus rating of “Buy” and an average target price of $647.89.

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.