Worth Financial Advisory Group LLC Purchases New Shares in Mastercard Incorporated $MA

Worth Financial Advisory Group LLC purchased a new stake in Mastercard Incorporated (NYSE:MA) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 382 shares of the credit services provider’s stock, valued at approximately $215,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Family Legacy Financial Solutions LLC purchased a new stake in Mastercard in the 2nd quarter valued at $26,000. Flaharty Asset Management LLC purchased a new position in Mastercard during the 1st quarter worth $27,000. Keystone Global Partners LLC purchased a new position in Mastercard during the 1st quarter worth $31,000. Hughes Financial Services LLC purchased a new position in Mastercard during the 1st quarter worth $34,000. Finally, 1 North Wealth Services LLC purchased a new position in Mastercard during the 1st quarter worth $44,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on MA. Royal Bank Of Canada upped their price objective on shares of Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Jefferies Financial Group restated a “buy” rating on shares of Mastercard in a research report on Friday, June 6th. Morgan Stanley upped their price objective on shares of Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. The Goldman Sachs Group reiterated a “buy” rating on shares of Mastercard in a report on Friday, August 1st. Finally, UBS Group increased their price target on shares of Mastercard from $660.00 to $670.00 and gave the company 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 given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $630.89.

Mastercard Price Performance

Shares of NYSE MA opened at $565.63 on Friday. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The stock has a market cap of $511.34 billion, a price-to-earnings ratio of 38.14, a PEG ratio of 2.32 and a beta of 0.99. The company’s 50-day moving average price is $579.00 and its 200 day moving average price is $560.29. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $7.95 billion. During the same period last year, the company earned $3.50 EPS. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. As a group, research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be given a $0.76 dividend. The ex-dividend date of this dividend 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 currently 20.50%.

Insider Activity at Mastercard

In other news, CFO J. Mehra Sachin sold 17,816 shares of Mastercard stock in a transaction that occurred 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 sale, the chief financial officer owned 31,234 shares in the company, valued at $18,330,922.26. This trade represents a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Julius Genachowski sold 312 shares of Mastercard stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $570.67, for a total transaction of $178,049.04. Following the sale, the director owned 8,469 shares in the company, valued at $4,833,004.23. This represents a 3.55% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,349 shares of company stock worth $21,372,994. Company 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.