Mastercard Incorporated $MA is Farley Capital L.P.’s Largest Position

Farley Capital L.P. grew its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.2% during the second quarter, Holdings Channel reports. The firm owned 66,058 shares of the credit services provider’s stock after purchasing an additional 100 shares during the quarter. Mastercard comprises about 29.1% of Farley Capital L.P.’s holdings, making the stock its largest position. Farley Capital L.P.’s holdings in Mastercard were worth $37,121,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. LGT Financial Advisors LLC acquired a new stake in Mastercard during the 2nd quarter worth approximately $25,000. Family Legacy Financial Solutions LLC acquired a new position in Mastercard during the 2nd quarter worth $26,000. Flaharty Asset Management LLC purchased a new stake in Mastercard during the 1st quarter worth about $27,000. Keystone Global Partners LLC purchased a new stake in Mastercard during the 1st quarter worth about $31,000. Finally, IMG Wealth Management Inc. acquired a new stake in Mastercard in the 2nd quarter valued at about $31,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Down 0.3%

MA stock opened at $570.57 on Thursday. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market cap of $515.80 billion, a price-to-earnings ratio of 38.47, a price-to-earnings-growth ratio of 2.34 and a beta of 0.97. The company has a fifty day moving average price of $579.88 and a 200 day moving average price of $564.14.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating 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 business had revenue of $8.13 billion during the quarter, compared to analysts’ expectations of $7.95 billion. During the same period in the prior year, the company earned $3.50 earnings per share. The business’s revenue was up 16.8% compared to the same quarter last year. Sell-side analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be issued 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 of this dividend is Thursday, October 9th. Mastercard’s dividend payout ratio is currently 20.50%.

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total value of $10,456,032.24. Following the completion of the sale, the chief financial officer owned 31,234 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. Insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Morgan Stanley upped their target price on shares of Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Royal Bank Of Canada increased their price objective on shares of Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Wells Fargo & Company upgraded shares of Mastercard to a “strong-buy” rating in a research note on Wednesday. Citigroup began coverage on Mastercard in a report on Wednesday. They set a “buy” rating and a $735.00 price target for the company. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a research report on Friday, August 1st. Four analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $638.00.

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.