Brucke Financial Inc. Has $762,000 Stock Holdings in Mastercard Incorporated $MA

Brucke Financial Inc. boosted its stake in shares of Mastercard Incorporated (NYSE:MA) by 8.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,356 shares of the credit services provider’s stock after buying an additional 104 shares during the period. Brucke Financial Inc.’s holdings in Mastercard were worth $762,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Accredited Investors Inc. increased its holdings in Mastercard by 2.6% during the first quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider’s stock worth $394,000 after buying an additional 18 shares during the last quarter. Wealthstream Advisors Inc. increased its holdings in Mastercard by 2.9% during the first quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider’s stock worth $347,000 after buying an additional 18 shares during the last quarter. KRS Capital Management LLC increased its holdings in Mastercard by 0.6% during the second quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider’s stock worth $1,601,000 after buying an additional 18 shares during the last quarter. Pinion Investment Advisors LLC increased its holdings in Mastercard by 0.8% during the second quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider’s stock worth $1,276,000 after buying an additional 18 shares during the last quarter. Finally, Phillips Wealth Planners LLC increased its holdings in Mastercard by 1.8% during the first quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider’s stock worth $538,000 after buying an additional 19 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Mastercard

In other news, CFO J. Mehra Sachin sold 17,263 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the completion of the sale, the chief financial officer owned 31,234 shares of the company’s stock, valued at $18,459,294. This trade represents a 35.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.09% of the stock is currently owned by company insiders.

Mastercard Stock Performance

Mastercard stock opened at $556.80 on Friday. The business has a 50 day moving average of $581.01 and a 200-day moving average of $562.77. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market capitalization of $503.35 billion, a P/E ratio of 37.55, a P/E/G ratio of 2.31 and a beta of 0.97.

Mastercard (NYSE:MA) last released its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating analysts’ consensus estimates of $4.05 by $0.10. The business had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.50 EPS. On average, equities research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The business 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 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 20.50%.

Analyst Upgrades and Downgrades

MA has been the subject of a number of research analyst reports. TD Cowen reaffirmed a “buy” rating and set a $645.00 price objective on shares of Mastercard in a research report on Monday, August 11th. KeyCorp lifted their price objective on shares of Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Wolfe Research set a $655.00 price objective on shares of Mastercard in a research report on Monday, June 23rd. Wall Street Zen cut shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. Finally, Seaport Res Ptn raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $634.04.

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.