Texas Yale Capital Corp. Increases Position in Mastercard Incorporated $MA

Texas Yale Capital Corp. grew its holdings in Mastercard Incorporated (NYSE:MA) by 2.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,158 shares of the credit services provider’s stock after purchasing an additional 485 shares during the quarter. Texas Yale Capital Corp.’s holdings in Mastercard were worth $9,642,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. LGT Financial Advisors LLC acquired a new position in Mastercard during the second quarter worth $25,000. Family Legacy Financial Solutions LLC purchased a new position in shares of Mastercard during the 2nd quarter worth $26,000. Flaharty Asset Management LLC acquired a new position in shares of Mastercard during the 1st quarter valued at about $27,000. Keystone Global Partners LLC purchased a new stake in shares of Mastercard in the first quarter valued at about $31,000. Finally, IMG Wealth Management Inc. acquired a new stake in Mastercard during the second quarter worth about $31,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the business’s 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 completion of the transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,330,922.26. The trade was a 36.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.09% of the stock is owned by corporate insiders.

Mastercard Trading Down 0.1%

NYSE MA opened at $552.73 on Friday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market cap of $499.67 billion, a price-to-earnings ratio of 37.27, a PEG ratio of 2.27 and a beta of 0.92. The firm has a 50 day simple moving average of $573.12 and a 200-day simple moving average of $568.66. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77.

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

Mastercard Announces Dividend

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. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 annualized dividend and a yield of 0.5%. Mastercard’s dividend payout ratio (DPR) is 19.44%.

Analyst Upgrades and Downgrades

MA has been the subject of several analyst reports. KeyCorp reissued an “overweight” rating and issued a $665.00 price target on shares of Mastercard in a research note on Wednesday, October 22nd. Royal Bank Of Canada increased their price objective on Mastercard from $645.00 to $654.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. UBS Group lifted their target price on Mastercard from $690.00 to $700.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Seaport Res Ptn raised Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Mastercard in a research report on Thursday, July 17th. They issued a “buy” rating and a $650.00 target price on the stock. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Mastercard has an average rating of “Buy” and an average target price of $649.26.

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.