Mastercard Incorporated $MA Shares Acquired by Cerro Pacific Wealth Advisors LLC

Cerro Pacific Wealth Advisors LLC grew its stake in Mastercard Incorporated (NYSE:MA) by 14.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,308 shares of the credit services provider’s stock after purchasing an additional 164 shares during the quarter. Cerro Pacific Wealth Advisors LLC’s holdings in Mastercard were worth $735,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of MA. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Mastercard in the 2nd quarter valued at about $11,421,213,000. Nuveen LLC acquired a new stake in Mastercard during the first quarter worth about $4,238,764,000. Wellington Management Group LLP raised its stake in Mastercard by 38.6% during the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock worth $7,413,936,000 after acquiring an additional 3,765,378 shares during the period. Assenagon Asset Management S.A. raised its stake in Mastercard by 3,493.6% during the second quarter. Assenagon Asset Management S.A. now owns 934,110 shares of the credit services provider’s stock worth $524,914,000 after acquiring an additional 908,116 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in Mastercard by 4.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock worth $11,015,557,000 after acquiring an additional 907,184 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Activity at Mastercard

In related 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 transaction of $10,456,032.24. Following the transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,330,922.26. This trade represents a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.09% of the stock is owned by corporate insiders.

Mastercard Price Performance

NYSE MA opened at $556.80 on Friday. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The stock has a market cap of $503.35 billion, a price-to-earnings ratio of 37.55, a price-to-earnings-growth ratio of 2.28 and a beta of 0.97. The company has a 50-day moving average price of $581.01 and a two-hundred day moving average price of $562.86.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping 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 analysts’ expectations of $7.95 billion. During the same quarter in the prior year, the firm earned $3.50 EPS. Mastercard’s quarterly revenue was up 16.8% on a year-over-year basis. Analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

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 dividend payout ratio (DPR) is currently 20.50%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on MA shares. Seaport Res Ptn upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 14th. Robert W. Baird increased their price objective on shares of Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. KeyCorp increased their price objective 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Mastercard in a research note on Wednesday. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Mastercard in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Mastercard 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.