Madison Park Capital Advisors LLC Invests $214,000 in Mastercard Incorporated $MA

Madison Park Capital Advisors LLC bought a new position in Mastercard Incorporated (NYSE:MA) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 381 shares of the credit services provider’s stock, valued at approximately $214,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Flaharty Asset Management LLC purchased a new position in Mastercard during the 1st quarter valued at about $27,000. Keystone Global Partners LLC purchased a new position in Mastercard during the 1st quarter valued at about $31,000. 10Elms LLP purchased a new position in Mastercard during the 4th quarter valued at about $33,000. Hughes Financial Services LLC purchased a new position in Mastercard during the 1st quarter valued at about $34,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in Mastercard in the fourth quarter worth about $36,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on MA shares. KeyCorp lifted their price target on shares of Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Wolfe Research set a $655.00 price target on shares of Mastercard in a research report on Monday, June 23rd. Wall Street Zen upgraded shares of Mastercard from a “hold” rating to a “buy” rating in a research report on Friday, July 18th. Truist Financial lowered their target price on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a report on Thursday, July 17th. Finally, UBS Group boosted their target price on shares of Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a report on Tuesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $626.54.

Mastercard Trading Down 1.4%

MA stock opened at $580.75 on Monday. The firm’s fifty day simple moving average is $574.60 and its two-hundred day simple moving average is $558.29. 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 stock has a market capitalization of $525.00 billion, a price-to-earnings ratio of 39.16, a price-to-earnings-growth ratio of 2.38 and a beta of 0.99. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping analysts’ consensus estimates of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm had revenue of $8.13 billion for the quarter, compared to analysts’ expectations of $7.95 billion. During the same period in the prior year, the business posted $3.50 earnings per share. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. As a group, analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Wednesday, July 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 of this dividend was Wednesday, July 9th. Mastercard’s dividend payout ratio is presently 20.50%.

Insider Buying and Selling at Mastercard

In related news, insider Craig Vosburg sold 9,428 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $353.05, for a total value of $3,328,555.40. Following the completion of the transaction, the insider directly owned 58,451 shares of the company’s stock, valued at $20,636,125.55. This trade represents a 13.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of the stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $560.00, for a total transaction of $536,480.00. Following the completion of the transaction, the insider directly owned 23,624 shares of the company’s stock, valued at $13,229,440. The trade was a 3.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,094 shares of company stock valued at $26,521,861. 0.09% of the stock is currently owned by corporate insiders.

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.