Yoder Wealth Management Inc. Increases Stock Holdings in Mastercard Incorporated $MA

Yoder Wealth Management Inc. lifted its stake in shares of Mastercard Incorporated (NYSE:MA) by 10.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 603 shares of the credit services provider’s stock after buying an additional 57 shares during the period. Yoder Wealth Management Inc.’s holdings in Mastercard were worth $339,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Family Legacy Financial Solutions LLC purchased a new position in shares of Mastercard during the second quarter valued at approximately $26,000. Flaharty Asset Management LLC purchased a new position in Mastercard in the first quarter worth $27,000. Keystone Global Partners LLC purchased a new position in Mastercard in the first quarter worth $31,000. Hughes Financial Services LLC purchased a new position in Mastercard in the first quarter worth $34,000. Finally, 1 North Wealth Services LLC purchased a new position in Mastercard in the first quarter worth $44,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the topic of several research analyst reports. Seaport Res Ptn raised Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. KeyCorp boosted their price objective on Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Jefferies Financial Group reissued a “buy” rating on shares of Mastercard in a research report on Friday, June 6th. Deutsche Bank Aktiengesellschaft initiated coverage on Mastercard in a research report on Thursday, July 17th. They issued a “buy” rating and a $650.00 price objective on the stock. Finally, Wall Street Zen cut Mastercard from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $630.89.

Mastercard Stock Performance

NYSE:MA opened at $581.08 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. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The firm has a market cap of $525.30 billion, a price-to-earnings ratio of 39.18, a PEG ratio of 2.37 and a beta of 0.97. The business’s fifty day moving average is $580.26 and its 200 day moving average is $561.67.

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

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard’s payout ratio is presently 20.50%.

Insiders Place Their Bets

In related news, Director Julius Genachowski sold 312 shares of the business’s stock in a transaction 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO J. Mehra Sachin sold 17,263 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,459,294. This represents a 35.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,391 shares of company stock worth $20,836,514. 0.09% of the stock is currently owned by corporate 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. 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.