Mastercard Incorporated $MA Shares Bought by Prudent Man Advisors LLC

Prudent Man Advisors LLC grew its holdings in shares of Mastercard Incorporated (NYSE:MA) by 33.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,430 shares of the credit services provider’s stock after purchasing an additional 857 shares during the period. Prudent Man Advisors LLC’s holdings in Mastercard were worth $1,927,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. LGT Financial Advisors LLC acquired a new stake in shares of Mastercard during the second quarter worth $25,000. Family Legacy Financial Solutions LLC bought a new position in shares of Mastercard during the second quarter worth about $26,000. Flaharty Asset Management LLC bought a new position in shares of Mastercard during the first quarter worth about $27,000. Keystone Global Partners LLC bought a new position in shares of Mastercard during the first quarter worth about $31,000. Finally, IMG Wealth Management Inc. bought a new position in shares of Mastercard during the second quarter worth about $31,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Mastercard

In other news, CFO J. Mehra Sachin sold 17,816 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,330,922.26. This trade represents a 36.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.09% of the company’s stock.

Mastercard Stock Performance

NYSE:MA opened at $573.72 on Friday. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The company has a 50-day moving average of $579.51 and a 200-day moving average of $566.01. The firm has a market cap of $518.65 billion, a price-to-earnings ratio of 38.69, a price-to-earnings-growth ratio of 2.35 and a beta of 0.97.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating the consensus estimate of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. During the same quarter last year, the firm posted $3.50 EPS. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. Analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be given a dividend of $0.76 per share. The ex-dividend date is Thursday, October 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. Mastercard’s dividend payout ratio (DPR) is 20.50%.

Analyst Ratings Changes

Several research firms have recently commented on MA. KeyCorp restated an “overweight” rating and set a $665.00 price target on shares of Mastercard in a research report on Wednesday. Truist Financial set a $638.00 price target on shares of Mastercard in a research report on Friday. TD Cowen restated a “buy” rating and set a $645.00 price target on shares of Mastercard in a research report on Monday, August 11th. Robert W. Baird upped their price target on shares of Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Mastercard in a research report on Saturday. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $638.96.

About Mastercard

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.