Burling Wealth Partners LLC Acquires 1,273 Shares of Mastercard Incorporated $MA

Burling Wealth Partners LLC lifted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 7.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 17,837 shares of the credit services provider’s stock after acquiring an additional 1,273 shares during the quarter. Mastercard comprises approximately 1.9% of Burling Wealth Partners LLC’s portfolio, making the stock its 13th largest holding. Burling Wealth Partners LLC’s holdings in Mastercard were worth $10,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Mastercard Stock Down 1.1%

NYSE MA opened at $555.11 on Friday. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. 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 company has a market capitalization of $498.49 billion, a P/E ratio of 37.43, a price-to-earnings-growth ratio of 2.27 and a beta of 0.92. The stock’s 50-day moving average price is $569.27 and its 200-day moving average price is $569.64.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (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 company had revenue of $8.60 billion during the quarter, compared to the consensus estimate of $8.53 billion. During the same period in the previous year, the company posted $3.89 EPS. The firm’s revenue was up 16.7% on a year-over-year basis. On average, equities research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Thursday, October 9th were given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 19.44%.

Wall Street Analyst Weigh In

MA has been the subject of several research analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $713.00 price objective on shares of Mastercard in a report on Thursday, October 30th. TD Cowen reissued a “buy” rating and issued a $645.00 target price on shares of Mastercard in a research report on Monday, August 11th. KeyCorp reaffirmed an “overweight” rating and set a $665.00 price target on shares of Mastercard in a research report on Wednesday, October 22nd. 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. Finally, Tigress Financial raised their price objective on shares of Mastercard from $685.00 to $730.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 6th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $652.50.

Insider Buying and Selling at Mastercard

In related news, CFO J. Mehra Sachin sold 17,816 shares of Mastercard 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 owned 31,234 shares in the company, valued at approximately $18,330,922.26. The trade was a 36.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.09% of the company’s stock.

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.