Bowen Hanes & Co. Inc. Has $14.92 Million Holdings in Mastercard Incorporated $MA

Bowen Hanes & Co. Inc. raised its position in Mastercard Incorporated (NYSE:MA) by 0.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 26,545 shares of the credit services provider’s stock after purchasing an additional 195 shares during the period. Bowen Hanes & Co. Inc.’s holdings in Mastercard were worth $14,917,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. LGT Financial Advisors LLC acquired a new position in Mastercard in the second quarter valued at $25,000. Family Legacy Financial Solutions LLC acquired a new position in shares of Mastercard in the 2nd quarter valued at about $26,000. Flaharty Asset Management LLC bought a new stake in shares of Mastercard during the 1st quarter valued at about $27,000. Keystone Global Partners LLC acquired a new stake in Mastercard during the first quarter worth approximately $31,000. Finally, IMG Wealth Management Inc. bought a new stake in Mastercard in the second quarter worth approximately $31,000. 97.28% of the stock is owned by institutional investors.

Insider Activity

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

Analyst Upgrades and Downgrades

MA has been the subject of several recent analyst reports. Wall Street Zen raised shares of Mastercard from a “hold” rating to a “buy” rating in a research report on Saturday, October 18th. Royal Bank Of Canada raised their price target on shares of Mastercard from $645.00 to $654.00 and gave the stock a “buy” rating in a report on Friday, October 31st. The Goldman Sachs Group reiterated a “buy” rating and set a $713.00 price objective on shares of Mastercard in a report on Thursday, October 30th. Morgan Stanley set a $665.00 price objective on Mastercard and gave the company an “overweight” rating in a research note on Friday, October 31st. Finally, Wells Fargo & Company decreased their price objective on Mastercard from $669.00 to $660.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Four research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $652.50.

Mastercard Stock Performance

Shares of MA opened at $540.42 on Friday. The firm has a market capitalization of $485.29 billion, a P/E ratio of 36.44, a P/E/G ratio of 2.27 and a beta of 0.92. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The stock has a 50 day moving average price of $563.32 and a two-hundred day moving average price of $569.09. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.31 by $0.07. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company had revenue of $8.60 billion for the quarter, compared to analysts’ expectations of $8.53 billion. During the same quarter in the previous year, the firm earned $3.89 earnings per share. Mastercard’s quarterly revenue was up 16.7% on a year-over-year basis. Equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Thursday, October 9th were paid a $0.76 dividend. The ex-dividend date was Thursday, October 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.6%. Mastercard’s dividend payout ratio is presently 19.44%.

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.