America First Investment Advisors LLC lifted its position in Mastercard Incorporated (NYSE:MA) by 1.9% during the third quarter, Holdings Channel reports. The institutional investor owned 32,792 shares of the credit services provider’s stock after buying an additional 621 shares during the quarter. Mastercard makes up approximately 3.5% of America First Investment Advisors LLC’s investment portfolio, making the stock its 18th largest position. America First Investment Advisors LLC’s holdings in Mastercard were worth $11,089,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC raised its position in shares of Mastercard by 55.2% during the third quarter. Larson Financial Group LLC now owns 104 shares of the credit services provider’s stock worth $35,000 after purchasing an additional 37 shares during the period. Evolution Wealth Advisors LLC raised its position in shares of Mastercard by 530.4% during the second quarter. Evolution Wealth Advisors LLC now owns 145 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 122 shares during the period. Virtus Alternative Investment Advisers Inc. acquired a new stake in shares of Mastercard during the second quarter worth $46,000. Watson Rebecca acquired a new stake in shares of Mastercard during the second quarter worth $50,000. Finally, Financial Management Professionals Inc. raised its position in shares of Mastercard by 45.8% during the second quarter. Financial Management Professionals Inc. now owns 175 shares of the credit services provider’s stock worth $52,000 after purchasing an additional 55 shares during the period. 73.72% of the stock is currently owned by institutional investors.
MA opened at $339.40 on Friday. The company has a market cap of $339.76 billion, a PE ratio of 46.94, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11. The stock has a 50-day moving average of $341.23 and a 200-day moving average of $305.61. Mastercard Incorporated has a 52-week low of $199.99 and a 52-week high of $367.25. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.95 and a current ratio of 1.95.
Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, July 30th. The credit services provider reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.21. The company had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.26 billion. Mastercard had a return on equity of 129.52% and a net margin of 45.12%. The firm’s revenue was down 19.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.89 EPS. On average, research analysts predict that Mastercard Incorporated will post 6.62 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Friday, October 9th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, October 8th. This represents a $1.60 annualized dividend and a dividend yield of 0.47%. Mastercard’s dividend payout ratio is presently 20.59%.
MA has been the topic of a number of recent analyst reports. Goldman Sachs Group initiated coverage on Mastercard in a research report on Tuesday, July 14th. They set a “buy” rating and a $364.00 target price on the stock. Truist upped their price target on Mastercard from $375.00 to $415.00 in a research report on Friday, August 28th. Keefe, Bruyette & Woods upped their price target on Mastercard from $371.00 to $380.00 and gave the company an “outperform” rating in a research report on Wednesday, September 9th. Deutsche Bank Aktiengesellschaft upped their price target on Mastercard from $320.00 to $383.00 and gave the company a “buy” rating in a research report on Tuesday, September 15th. Finally, Wells Fargo & Company reissued a “buy” rating on shares of Mastercard in a research report on Friday, October 9th. Five investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. Mastercard presently has a consensus rating of “Buy” and an average price target of $347.81.
In related news, major shareholder Foundation Mastercard sold 68,661 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $311.87, for a total transaction of $21,413,306.07. Following the completion of the transaction, the insider now owns 109,727,813 shares of the company’s stock, valued at approximately $34,220,813,040.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Fraccaro sold 3,458 shares of the business’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $350.00, for a total value of $1,210,300.00. Following the transaction, the insider now directly owns 5,147 shares of the company’s stock, valued at approximately $1,801,450. The disclosure for this sale can be found here. Insiders have sold a total of 263,465 shares of company stock valued at $83,297,010 in the last three months. 3.79% of the stock is owned by insiders.
Mastercard Company Profile
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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