Richwood Investment Advisors LLC Boosts Stake in Mastercard Incorporated $MA

Richwood Investment Advisors LLC grew its holdings in Mastercard Incorporated (NYSE:MA) by 1.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,087 shares of the credit services provider’s stock after acquiring an additional 65 shares during the period. Mastercard comprises about 1.9% of Richwood Investment Advisors LLC’s investment portfolio, making the stock its 9th biggest position. Richwood Investment Advisors LLC’s holdings in Mastercard were worth $2,296,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. ORG Partners LLC boosted its stake in Mastercard by 73.2% in the 2nd quarter. ORG Partners LLC now owns 698 shares of the credit services provider’s stock worth $394,000 after purchasing an additional 295 shares during the period. Ethos Financial Group LLC lifted its holdings in shares of Mastercard by 19.5% in the first quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider’s stock worth $1,683,000 after buying an additional 518 shares in the last quarter. Fortis Advisors LLC boosted its position in shares of Mastercard by 9.4% during the first quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider’s stock worth $477,000 after acquiring an additional 75 shares during the last quarter. Canandaigua National Trust Co of Florida grew its stake in Mastercard by 36.4% during the first quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider’s stock valued at $380,000 after acquiring an additional 185 shares in the last quarter. Finally, SeaBridge Investment Advisors LLC increased its holdings in Mastercard by 4.3% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 6,463 shares of the credit services provider’s stock valued at $3,632,000 after acquiring an additional 264 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Activity at Mastercard

In related news, CFO J. Mehra Sachin sold 17,816 shares of the company’s stock in a transaction dated 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 directly owned 31,234 shares in the company, valued at approximately $18,330,922.26. This represents a 36.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the subject of several research reports. Seaport Res Ptn raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a research note on Saturday, September 27th. KeyCorp raised their price target on Mastercard from $635.00 to $660.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Robert W. Baird upped their price objective on Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a report on Monday. Finally, TD Cowen reissued a “buy” rating and issued a $645.00 target price on shares of Mastercard in a report on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $634.04.

Mastercard Price Performance

NYSE:MA opened at $578.91 on Tuesday. The firm has a market capitalization of $523.34 billion, a price-to-earnings ratio of 39.04, a PEG ratio of 2.38 and a beta of 0.97. 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 simple moving average of $580.46 and a 200-day simple moving average of $562.33. 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 results 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. The company had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.Mastercard’s quarterly revenue 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. Equities analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

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