Cross Staff Investments Inc Acquires 113 Shares of Mastercard Incorporated $MA

Cross Staff Investments Inc boosted its holdings in Mastercard Incorporated (NYSE:MA) by 3.8% in the second quarter, Holdings Channel reports. The institutional investor owned 3,112 shares of the credit services provider’s stock after buying an additional 113 shares during the period. Mastercard accounts for approximately 1.2% of Cross Staff Investments Inc’s holdings, making the stock its 22nd largest position. Cross Staff Investments Inc’s holdings in Mastercard were worth $1,749,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Trust Co. of Toledo NA OH raised its holdings in Mastercard by 2.7% in the 2nd quarter. Trust Co. of Toledo NA OH now owns 12,510 shares of the credit services provider’s stock valued at $7,030,000 after buying an additional 325 shares during the last quarter. Zullo Investment Group Inc. raised its holdings in Mastercard by 4.2% in the 2nd quarter. Zullo Investment Group Inc. now owns 1,073 shares of the credit services provider’s stock valued at $603,000 after buying an additional 43 shares during the last quarter. Strong Tower Advisory Services raised its holdings in Mastercard by 2.5% in the 2nd quarter. Strong Tower Advisory Services now owns 6,182 shares of the credit services provider’s stock valued at $3,474,000 after buying an additional 153 shares during the last quarter. Brucke Financial Inc. lifted its position in shares of Mastercard by 8.3% in the 2nd quarter. Brucke Financial Inc. now owns 1,356 shares of the credit services provider’s stock worth $762,000 after purchasing an additional 104 shares during the period. Finally, PDS Planning Inc lifted its position in shares of Mastercard by 31.4% in the 2nd quarter. PDS Planning Inc now owns 6,230 shares of the credit services provider’s stock worth $3,501,000 after purchasing an additional 1,489 shares during the period. Institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

MA has been the topic of a number of recent analyst reports. Royal Bank Of Canada boosted their price target on shares of Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Weiss Ratings restated a “buy (b)” rating on shares of Mastercard in a research report on Wednesday. Seaport Res Ptn upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. Robert W. Baird boosted their price target on shares of Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Wells Fargo & Company boosted their price target on shares of Mastercard from $625.00 to $650.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $634.04.

Mastercard Stock Performance

NYSE:MA opened at $556.80 on Friday. The company has a fifty day moving average of $581.01 and a 200-day moving average of $562.77. The firm has a market capitalization of $503.35 billion, a P/E ratio of 37.55, a P/E/G ratio of 2.31 and a beta of 0.97. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77.

Mastercard (NYSE:MA) last released its quarterly earnings data 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. The company had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. Mastercard’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.50 EPS. As a group, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 EPS 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 paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard’s payout ratio is 20.50%.

Insider Buying and Selling

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the business’s stock in a transaction 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 completion of the sale, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,459,294. The trade was a 35.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.09% of the company’s stock.

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.