Middleton & Co. Inc. MA Buys 175 Shares of Mastercard Incorporated $MA

Middleton & Co. Inc. MA boosted its stake in Mastercard Incorporated (NYSE:MA) by 4.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,773 shares of the credit services provider’s stock after acquiring an additional 175 shares during the quarter. Middleton & Co. Inc. MA’s holdings in Mastercard were worth $2,120,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in MA. Twin Capital Management Inc. lifted its holdings in shares of Mastercard by 10.2% in the second quarter. Twin Capital Management Inc. now owns 5,117 shares of the credit services provider’s stock valued at $2,875,000 after purchasing an additional 473 shares in the last quarter. Souders Financial Advisors grew its holdings in shares of Mastercard by 32.4% during the second quarter. Souders Financial Advisors now owns 1,688 shares of the credit services provider’s stock worth $949,000 after buying an additional 413 shares in the last quarter. Yacktman Asset Management LP raised its position in Mastercard by 4.9% in the 2nd quarter. Yacktman Asset Management LP now owns 11,670 shares of the credit services provider’s stock valued at $6,558,000 after buying an additional 540 shares during the last quarter. Washington Trust Bank lifted its stake in Mastercard by 4.3% in the 2nd quarter. Washington Trust Bank now owns 40,962 shares of the credit services provider’s stock valued at $23,018,000 after acquiring an additional 1,674 shares in the last quarter. Finally, Achmea Investment Management B.V. lifted its stake in Mastercard by 8.6% in the 2nd quarter. Achmea Investment Management B.V. now owns 74,353 shares of the credit services provider’s stock valued at $41,782,000 after acquiring an additional 5,889 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

MA has been the subject of several recent research reports. Truist Financial reduced their target price on shares of Mastercard from $638.00 to $630.00 and set a “buy” rating for the company in a report on Tuesday. TD Cowen reissued a “buy” rating and set a $645.00 price target on shares of Mastercard in a research report on Monday, August 11th. Wall Street Zen upgraded Mastercard from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. Compass Point set a $620.00 target price on Mastercard and gave the company a “neutral” rating in a research report on Friday, October 31st. Finally, Seaport Res Ptn upgraded Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Mastercard has a consensus rating of “Buy” and a consensus target price of $649.26.

Mastercard Trading Down 0.1%

Shares of MA stock opened at $552.73 on Friday. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The company has a market capitalization of $499.67 billion, a PE ratio of 37.27, a price-to-earnings-growth ratio of 2.27 and a beta of 0.92. The firm has a 50 day moving average price of $573.12 and a two-hundred day moving average price of $568.66. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. The company had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.53 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the company earned $3.89 earnings per share. As a group, analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently announced 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 of this dividend 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 currently 19.44%.

Insider Buying and Selling at Mastercard

In related news, CFO J. Mehra Sachin sold 17,263 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total value of $10,202,433.00. Following the completion of the sale, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,459,294. The trade was a 35.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.09% of the company’s stock.

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.