B.O.S.S. Retirement Advisors LLC Has $5.67 Million Stake in Mastercard Incorporated (NYSE:MA)

B.O.S.S. Retirement Advisors LLC increased its stake in shares of Mastercard Incorporated (NYSE:MA) by 7.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,404 shares of the credit services provider’s stock after buying an additional 1,019 shares during the quarter. Mastercard comprises approximately 1.2% of B.O.S.S. Retirement Advisors LLC’s holdings, making the stock its 10th largest position. B.O.S.S. Retirement Advisors LLC’s holdings in Mastercard were worth $5,665,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp grew its stake in shares of Mastercard by 3.9% in the first quarter. State Street Corp now owns 34,759,814 shares of the credit services provider’s stock worth $12,632,032,000 after purchasing an additional 1,303,477 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Mastercard by 9.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,027,189 shares of the credit services provider’s stock worth $9,398,165,000 after purchasing an additional 2,247,291 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Mastercard by 0.4% in the first quarter. Geode Capital Management LLC now owns 16,368,594 shares of the credit services provider’s stock worth $5,936,110,000 after purchasing an additional 62,380 shares in the last quarter. Morgan Stanley grew its stake in shares of Mastercard by 17.7% in the fourth quarter. Morgan Stanley now owns 15,843,692 shares of the credit services provider’s stock worth $5,509,328,000 after purchasing an additional 2,385,640 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Mastercard in the fourth quarter valued at $3,308,223,000. 74.94% of the stock is currently owned by institutional investors.

Mastercard Stock Up 0.2 %

Shares of NYSE MA traded up $0.97 during mid-day trading on Friday, reaching $414.31. 4,755,526 shares of the company traded hands, compared to its average volume of 2,688,428. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market cap of $390.37 billion, a PE ratio of 38.83, a price-to-earnings-growth ratio of 1.87 and a beta of 1.10. The company’s fifty day moving average is $401.47 and its two-hundred day moving average is $381.18. Mastercard Incorporated has a fifty-two week low of $276.87 and a fifty-two week high of $418.60.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, July 27th. The credit services provider reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.05. The business had revenue of $6.30 billion for the quarter, compared to analyst estimates of $6.18 billion. Mastercard had a return on equity of 178.10% and a net margin of 43.37%. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.56 EPS. On average, analysts expect that Mastercard Incorporated will post 12.13 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 9th. Investors of record on Friday, July 7th were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $2.28 annualized dividend and a yield of 0.55%. Mastercard’s payout ratio is 21.37%.

Insider Activity at Mastercard

In related news, insider Craig Vosburg sold 6,333 shares of the stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $400.00, for a total transaction of $2,533,200.00. Following the completion of the sale, the insider now owns 46,491 shares in the company, valued at approximately $18,596,400. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Mastercard news, CFO J. Mehra Sachin sold 10,838 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $394.38, for a total value of $4,274,290.44. Following the completion of the sale, the chief financial officer now owns 20,707 shares in the company, valued at approximately $8,166,426.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Craig Vosburg sold 6,333 shares of the firm’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $400.00, for a total value of $2,533,200.00. Following the completion of the sale, the insider now owns 46,491 shares of the company’s stock, valued at approximately $18,596,400. The disclosure for this sale can be found here. Insiders sold a total of 407,267 shares of company stock worth $161,485,243 in the last 90 days. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MA. Barclays upped their price objective on Mastercard from $437.00 to $470.00 and gave the company an “overweight” rating in a report on Monday, July 24th. Mizuho restated a “buy” rating and issued a $435.00 price objective on shares of Mastercard in a report on Tuesday, August 29th. Credit Suisse Group upped their price objective on Mastercard from $400.00 to $430.00 and gave the company an “outperform” rating in a report on Friday, July 28th. The Goldman Sachs Group upped their price objective on Mastercard from $442.00 to $452.00 in a report on Thursday, July 13th. Finally, Wells Fargo & Company upped their price objective on Mastercard from $425.00 to $440.00 and gave the company an “overweight” rating in a report on Friday, July 28th. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $442.83.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.