Hazlett Burt & Watson Inc. Purchases 289 Shares of Mastercard Incorporated $MA

Hazlett Burt & Watson Inc. grew its position in Mastercard Incorporated (NYSE:MA) by 4.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,110 shares of the credit services provider’s stock after purchasing an additional 289 shares during the period. Mastercard comprises approximately 1.6% of Hazlett Burt & Watson Inc.’s holdings, making the stock its 8th biggest holding. Hazlett Burt & Watson Inc.’s holdings in Mastercard were worth $3,998,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Mastercard by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider’s stock worth $42,503,787,000 after acquiring an additional 365,537 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in Mastercard during the 2nd quarter worth about $11,421,213,000. Price T Rowe Associates Inc. MD grew its holdings in Mastercard by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock worth $11,015,557,000 after acquiring an additional 907,184 shares during the last quarter. Wellington Management Group LLP grew its holdings in Mastercard by 38.6% during the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock worth $7,413,936,000 after acquiring an additional 3,765,378 shares during the last quarter. Finally, Nuveen LLC bought a new stake in Mastercard during the 1st quarter worth about $4,238,764,000. Institutional investors own 97.28% of the company’s stock.

Insiders Place Their Bets

In related 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 transaction, the chief financial officer owned 31,234 shares of the company’s stock, valued at $18,330,922.26. This trade represents a 36.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.09% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. TD Cowen reissued a “buy” rating and set a $645.00 price objective on shares of Mastercard in a report on Monday, August 11th. Truist Financial decreased their price objective 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. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Mastercard in a research note on Thursday, July 17th. They issued a “buy” rating and a $650.00 target price on the stock. Wall Street Zen lowered shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. Finally, Seaport Res Ptn raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $634.04.

Mastercard Stock Down 1.4%

Shares of NYSE MA opened at $556.80 on Monday. The firm’s 50-day moving average is $581.01 and its 200-day moving average is $562.90. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The firm has a market capitalization of $503.35 billion, a PE ratio of 37.55, a price-to-earnings-growth ratio of 2.28 and a beta of 0.97. 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 data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share 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 business had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. During the same quarter last year, the firm earned $3.50 EPS. Mastercard’s quarterly revenue was up 16.8% compared to the same quarter last year. Equities analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be paid 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 yield of 0.5%. Mastercard’s dividend payout ratio (DPR) is presently 20.50%.

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.