12,775 Shares in Mastercard Incorporated $MA Bought by Global Retirement Partners LLC

Global Retirement Partners LLC purchased a new stake in shares of Mastercard Incorporated (NYSE:MA) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 12,775 shares of the credit services provider’s stock, valued at approximately $7,179,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. ORG Partners LLC increased its stake in Mastercard by 73.2% in the 2nd quarter. ORG Partners LLC now owns 698 shares of the credit services provider’s stock worth $394,000 after purchasing an additional 295 shares during the period. Ethos Financial Group LLC boosted its position in Mastercard by 19.5% during the 1st quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider’s stock valued at $1,683,000 after buying an additional 518 shares during the period. Curio Wealth LLC boosted its holdings in shares of Mastercard by 22,400.0% during the second quarter. Curio Wealth LLC now owns 225 shares of the credit services provider’s stock worth $126,000 after purchasing an additional 224 shares during the period. Vanguard Group Inc. lifted its holdings in Mastercard by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 78,475,807 shares of the credit services provider’s stock worth $44,098,695,000 after buying an additional 931,132 shares during the period. Finally, Wheelhouse Advisory Group LLC increased its stake in shares of Mastercard by 4.4% during the second quarter. Wheelhouse Advisory Group LLC now owns 1,336 shares of the credit services provider’s stock valued at $751,000 after buying an additional 56 shares during the period. Institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Cowen reiterated a “buy” rating on shares of Mastercard in a report on Friday, October 31st. Morgan Stanley set a $665.00 target price on shares of Mastercard and gave the company an “overweight” rating in a research note on Friday, October 31st. Royal Bank Of Canada raised their price objective on shares of Mastercard from $645.00 to $654.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Tigress Financial upped their target price on Mastercard from $685.00 to $730.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 6th. Finally, Wall Street Zen upgraded Mastercard from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $652.50.

Insider Activity

In related news, CFO J. Mehra Sachin sold 17,263 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total value of $10,202,433.00. Following the transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,459,294. The trade was a 35.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

Mastercard Price Performance

MA stock opened at $540.42 on Monday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a 50 day moving average price of $563.32 and a 200-day moving average price of $569.17. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The firm has a market capitalization of $485.29 billion, a price-to-earnings ratio of 36.44, a PEG ratio of 2.27 and a beta of 0.92.

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

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Thursday, October 9th were issued a dividend of $0.76 per share. The ex-dividend date was Thursday, October 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is presently 19.44%.

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.