Mastercard Incorporated $MA Shares Bought by Traphagen Investment Advisors LLC

Traphagen Investment Advisors LLC raised its holdings in Mastercard Incorporated (NYSE:MA) by 11.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,896 shares of the credit services provider’s stock after acquiring an additional 200 shares during the period. Traphagen Investment Advisors LLC’s holdings in Mastercard were worth $1,066,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MA. Birinyi Associates Inc. grew its stake in shares of Mastercard by 0.9% in the 2nd quarter. Birinyi Associates Inc. now owns 45,402 shares of the credit services provider’s stock valued at $25,513,000 after buying an additional 420 shares during the period. Winthrop Advisory Group LLC grew its stake in shares of Mastercard by 39.3% in the 2nd quarter. Winthrop Advisory Group LLC now owns 2,745 shares of the credit services provider’s stock valued at $1,542,000 after buying an additional 775 shares during the period. Secured Retirement Advisors LLC grew its stake in shares of Mastercard by 12.8% in the 2nd quarter. Secured Retirement Advisors LLC now owns 4,657 shares of the credit services provider’s stock valued at $2,617,000 after buying an additional 528 shares during the period. Abel Hall LLC grew its stake in shares of Mastercard by 10.5% in the 2nd quarter. Abel Hall LLC now owns 895 shares of the credit services provider’s stock valued at $503,000 after buying an additional 85 shares during the period. Finally, Mirova US LLC grew its stake in shares of Mastercard by 3.6% in the 2nd quarter. Mirova US LLC now owns 1,070,696 shares of the credit services provider’s stock valued at $601,667,000 after buying an additional 37,444 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Up 0.1%

Mastercard stock opened at $579.24 on Wednesday. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. 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 50 day moving average price of $580.78 and a 200 day moving average price of $562.45. The company has a market capitalization of $523.64 billion, a PE ratio of 39.06, a price-to-earnings-growth ratio of 2.37 and a beta of 0.97.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating the consensus estimate of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. During the same quarter last year, the firm earned $3.50 EPS. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. Research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is currently 20.50%.

Insider Buying and Selling

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the firm’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 value of $10,456,032.24. Following the completion of the transaction, the chief financial officer owned 31,234 shares of the company’s stock, valued at $18,330,922.26. This trade represents a 36.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.09% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MA. Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a research note on Saturday, September 27th. KeyCorp increased their price target on shares of Mastercard from $635.00 to $660.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a research note on Friday, August 1st. Robert W. Baird increased their price target on shares of Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Wells Fargo & Company lifted their target price on shares of Mastercard from $625.00 to $650.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Two 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, the stock presently has a consensus rating of “Buy” and an average price target of $634.04.

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.