OFI Invest Asset Management Boosts Holdings in Mastercard Incorporated $MA

OFI Invest Asset Management boosted its position in shares of Mastercard Incorporated (NYSE:MA) by 4.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 125,316 shares of the credit services provider’s stock after buying an additional 5,772 shares during the quarter. OFI Invest Asset Management’s holdings in Mastercard were worth $70,420,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after purchasing an additional 2,028 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Mastercard by 19.9% during the first quarter. GAMMA Investing LLC now owns 15,007 shares of the credit services provider’s stock worth $8,226,000 after purchasing an additional 2,493 shares during the last quarter. Salem Investment Counselors Inc. lifted its position in shares of Mastercard by 3.1% during the first quarter. Salem Investment Counselors Inc. now owns 1,589 shares of the credit services provider’s stock worth $871,000 after purchasing an additional 48 shares during the last quarter. West Branch Capital LLC lifted its position in shares of Mastercard by 10.9% during the first quarter. West Branch Capital LLC now owns 7,669 shares of the credit services provider’s stock worth $4,203,000 after purchasing an additional 756 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC lifted its position in shares of Mastercard by 12.8% during the first quarter. Elevation Point Wealth Partners LLC now owns 4,731 shares of the credit services provider’s stock worth $2,593,000 after purchasing an additional 537 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of Mastercard stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total value of $10,456,032.24. Following the transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,330,922.26. The trade was a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is owned by company insiders.

Mastercard Stock Performance

MA stock opened at $556.80 on Friday. 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 business has a 50-day moving average price of $581.01 and a 200 day moving average price of $562.86. The company has a market capitalization of $503.35 billion, a P/E ratio of 37.55, a PEG ratio of 2.28 and a beta of 0.97. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77.

Mastercard (NYSE:MA) last released 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 return on equity of 200.01% and a net margin of 44.93%.The firm had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. During the same period in the previous year, the company posted $3.50 earnings per share. The firm’s quarterly revenue was up 16.8% on a year-over-year basis. As a group, equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard’s payout ratio is 20.50%.

Analyst Ratings Changes

Several analysts have recently weighed in on MA shares. Truist Financial decreased their target price on Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a research report on Thursday, July 17th. Morgan Stanley lifted their target price on Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Wolfe Research set a $655.00 target price on Mastercard in a research report on Monday, June 23rd. Robert W. Baird lifted their target price on Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Finally, TD Cowen reiterated a “buy” rating and set a $645.00 target price on shares of Mastercard in a research report on Monday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus 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.