Putney Financial Group LLC Decreases Stock Position in Mastercard Incorporated $MA

Putney Financial Group LLC lowered its stake in shares of Mastercard Incorporated (NYSE:MA) by 4.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,752 shares of the credit services provider’s stock after selling 267 shares during the quarter. Mastercard accounts for 2.5% of Putney Financial Group LLC’s investment portfolio, making the stock its 7th biggest position. Putney Financial Group LLC’s holdings in Mastercard were worth $3,232,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. UNIVEST FINANCIAL Corp lifted its stake in Mastercard by 25.3% during the second quarter. UNIVEST FINANCIAL Corp now owns 9,316 shares of the credit services provider’s stock worth $5,235,000 after purchasing an additional 1,880 shares during the last quarter. Simon Quick Advisors LLC raised its holdings in shares of Mastercard by 15.6% during the 2nd quarter. Simon Quick Advisors LLC now owns 9,132 shares of the credit services provider’s stock valued at $5,131,000 after buying an additional 1,233 shares in the last quarter. KLCM Advisors Inc. lifted its position in Mastercard by 3.4% in the 2nd quarter. KLCM Advisors Inc. now owns 1,837 shares of the credit services provider’s stock worth $1,032,000 after buying an additional 61 shares during the last quarter. Strs Ohio boosted its stake in Mastercard by 1.3% in the second quarter. Strs Ohio now owns 593,738 shares of the credit services provider’s stock worth $333,645,000 after buying an additional 7,476 shares in the last quarter. Finally, Adell Harriman & Carpenter Inc. grew its position in Mastercard by 6.1% during the second quarter. Adell Harriman & Carpenter Inc. now owns 36,384 shares of the credit services provider’s stock valued at $20,446,000 after acquiring an additional 2,088 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on MA shares. TD Cowen reaffirmed a “buy” rating and issued a $645.00 price objective on shares of Mastercard in a research note on Monday, August 11th. Citigroup raised shares of Mastercard to a “strong-buy” rating in a research note on Thursday, October 23rd. Royal Bank Of Canada raised their price objective on Mastercard from $645.00 to $654.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Truist Financial lowered their target price on Mastercard from $638.00 to $630.00 and set a “buy” rating for the company in a research note on Tuesday, November 4th. Finally, KeyCorp restated an “overweight” rating and set a $665.00 target price on shares of Mastercard in a report on Wednesday, October 22nd. Four analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $649.26.

Mastercard Stock Up 0.9%

NYSE MA opened at $557.93 on Wednesday. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The stock has a market capitalization of $504.38 billion, a PE ratio of 37.62, a PEG ratio of 2.27 and a beta of 0.92. 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 business’s 50-day moving average is $570.69 and its 200 day moving average is $569.80.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business had revenue of $8.60 billion during the quarter, compared to analyst estimates of $8.53 billion. Mastercard’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.89 EPS. Sell-side analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Thursday, October 9th were issued a $0.76 dividend. The ex-dividend date was Thursday, October 9th. This represents a $3.04 annualized dividend and a yield of 0.5%. Mastercard’s payout ratio is 19.44%.

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the business’s stock in a transaction 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 directly owned 31,234 shares of the company’s stock, valued at approximately $18,330,922.26. The trade was a 36.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.09% of the company’s stock.

Mastercard Company 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.