Worth Financial Advisory Group LLC Purchases New Position in Mastercard Incorporated $MA

Worth Financial Advisory Group LLC purchased a new stake in shares of Mastercard Incorporated (NYSE:MA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 382 shares of the credit services provider’s stock, valued at approximately $215,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Willow Creek Wealth Management Inc. boosted its holdings in Mastercard by 1.9% in the second quarter. Willow Creek Wealth Management Inc. now owns 1,107 shares of the credit services provider’s stock worth $622,000 after purchasing an additional 21 shares during the last quarter. James Hambro & Partners LLP grew its position in Mastercard by 2.5% in the 2nd quarter. James Hambro & Partners LLP now owns 3,599 shares of the credit services provider’s stock worth $2,021,000 after purchasing an additional 88 shares during the period. Avior Wealth Management LLC grew its position in Mastercard by 10.5% in the 2nd quarter. Avior Wealth Management LLC now owns 10,239 shares of the credit services provider’s stock worth $5,754,000 after purchasing an additional 975 shares during the period. Chatham Capital Group Inc. grew its position in Mastercard by 2.2% in the 2nd quarter. Chatham Capital Group Inc. now owns 6,047 shares of the credit services provider’s stock worth $3,398,000 after purchasing an additional 130 shares during the period. Finally, KG&L Capital Management LLC grew its position in Mastercard by 129.8% in the 2nd quarter. KG&L Capital Management LLC now owns 6,369 shares of the credit services provider’s stock worth $3,579,000 after purchasing an additional 3,597 shares during the period. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Down 0.3%

MA stock opened at $565.63 on Friday. The firm’s fifty day moving average is $579.00 and its 200 day moving average is $560.29. 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 $511.34 billion, a PE ratio of 38.14, a P/E/G ratio of 2.32 and a beta of 0.99. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping analysts’ consensus estimates of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. During the same period in the previous year, the firm earned $3.50 earnings per share. Mastercard’s quarterly revenue was up 16.8% compared to the same quarter last year. On average, research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The business 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%.

Insider Activity at Mastercard

In related news, CFO J. Mehra Sachin sold 17,263 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the sale, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at $18,459,294. This represents a 35.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Julius Genachowski sold 312 shares of the company’s stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $570.67, for a total transaction of $178,049.04. Following the sale, the director directly owned 8,469 shares in the company, valued at approximately $4,833,004.23. The trade was a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,349 shares of company stock worth $21,372,994. Insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on MA shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of Mastercard in a research report on Friday, June 6th. UBS Group lifted their target price on shares of Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd. The Goldman Sachs Group reiterated a “buy” rating on shares of Mastercard in a research note on Friday, August 1st. KeyCorp lifted their price target on shares of Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Mastercard in a research note on Thursday, July 17th. They set a “buy” rating and a $650.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Mastercard has an average rating of “Buy” and an average price target of $630.89.

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.