Golden Road Advisors LLC Buys 20 Shares of Mastercard Incorporated $MA

Golden Road Advisors LLC lifted its stake in shares of Mastercard Incorporated (NYSE:MA) by 5.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 404 shares of the credit services provider’s stock after acquiring an additional 20 shares during the period. Golden Road Advisors LLC’s holdings in Mastercard were worth $227,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in MA. LGT Financial Advisors LLC bought a new position in shares of Mastercard during the second quarter worth about $25,000. Family Legacy Financial Solutions LLC acquired a new position in Mastercard during the 2nd quarter worth approximately $26,000. Flaharty Asset Management LLC bought a new position in shares of Mastercard during the 1st quarter worth approximately $27,000. Keystone Global Partners LLC acquired a new stake in shares of Mastercard in the first quarter valued at approximately $31,000. Finally, IMG Wealth Management Inc. acquired a new stake in shares of Mastercard in the second quarter valued at approximately $31,000. 97.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MA has been the subject of a number of analyst reports. Royal Bank Of Canada raised their target price 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. KeyCorp restated an “overweight” rating and set a $665.00 price objective on shares of Mastercard in a research note on Wednesday, October 22nd. Wells Fargo & Company raised Mastercard to a “strong-buy” rating in a research report on Wednesday, October 22nd. Truist Financial set a $638.00 target price on Mastercard in a report on Friday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Mastercard in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $638.96.

Insider Activity at Mastercard

In other news, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction dated 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 transaction, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at $18,330,922.26. This represents a 36.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.09% of the stock is currently owned by corporate insiders.

Mastercard Price Performance

Shares of NYSE MA opened at $565.79 on Wednesday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The business’s 50 day moving average price is $578.85 and its two-hundred day moving average price is $567.21. The company has a market cap of $511.48 billion, a PE ratio of 38.15, a price-to-earnings-growth ratio of 2.34 and a beta of 0.97. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77.

Mastercard (NYSE:MA) last issued 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. The company had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the previous year, the company posted $3.50 EPS. On average, analysts predict 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. Shareholders of record on Thursday, October 9th will be given 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 payout ratio is 20.50%.

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.