Mastercard Incorporated (NYSE:MA) Stock Holdings Lifted by Cary Street Partners Investment Advisory LLC

Cary Street Partners Investment Advisory LLC raised its stake in Mastercard Incorporated (NYSE:MA) by 76.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,906 shares of the credit services provider’s stock after buying an additional 1,262 shares during the period. Cary Street Partners Investment Advisory LLC’s holdings in Mastercard were worth $1,143,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Strategic Investment Solutions Inc. IL acquired a new stake in Mastercard during the 1st quarter valued at $25,000. Quarry LP acquired a new stake in Mastercard during the 1st quarter valued at $40,000. Avion Wealth raised its stake in Mastercard by 75.8% during the 2nd quarter. Avion Wealth now owns 109 shares of the credit services provider’s stock valued at $42,000 after purchasing an additional 47 shares during the period. Retirement Group LLC acquired a new stake in Mastercard during the 4th quarter valued at $42,000. Finally, Ten Capital Wealth Advisors LLC raised its stake in Mastercard by 1,614.3% during the 1st quarter. Ten Capital Wealth Advisors LLC now owns 120 shares of the credit services provider’s stock valued at $44,000 after purchasing an additional 113 shares during the period. Institutional investors own 74.94% of the company’s stock.

Insider Buying and Selling at Mastercard

In related news, insider Timothy H. Murphy sold 7,419 shares of the stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $397.28, for a total value of $2,947,420.32. Following the completion of the sale, the insider now owns 39,007 shares in the company, valued at $15,496,700.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Richard K. Davis bought 1,000 shares of Mastercard stock in a transaction that occurred on Thursday, November 9th. The stock was acquired at an average price of $390.96 per share, for a total transaction of $390,960.00. Following the completion of the purchase, the director now owns 9,743 shares in the company, valued at $3,809,123.28. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Timothy H. Murphy sold 7,419 shares of the stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $397.28, for a total transaction of $2,947,420.32. Following the completion of the sale, the insider now owns 39,007 shares of the company’s stock, valued at approximately $15,496,700.96. The disclosure for this sale can be found here. Insiders sold 533,424 shares of company stock worth $206,051,295 over the last ninety days. Company insiders own 0.13% of the company’s stock.

Mastercard Stock Up 0.8 %

MA stock opened at $400.30 on Friday. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.17 and a quick ratio of 1.17. Mastercard Incorporated has a 52-week low of $336.43 and a 52-week high of $418.60. The company has a 50-day moving average of $395.21 and a two-hundred day moving average of $391.54. The stock has a market capitalization of $375.39 billion, a price-to-earnings ratio of 34.87, a price-to-earnings-growth ratio of 1.79 and a beta of 1.08.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 26th. The credit services provider reported $3.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.21 by $0.18. Mastercard had a net margin of 44.85% and a return on equity of 188.83%. The company had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.53 billion. During the same period in the prior year, the company earned $2.68 earnings per share. The business’s quarterly revenue was up 13.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Mastercard Incorporated will post 12.16 EPS for the current year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Monday, October 9th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Thursday, October 5th. Mastercard’s dividend payout ratio (DPR) is 19.86%.

Analysts Set New Price Targets

Several analysts have issued reports on MA shares. KeyCorp cut their target price on shares of Mastercard from $440.00 to $430.00 and set an “overweight” rating on the stock in a research note on Friday, October 27th. Susquehanna upped their price target on shares of Mastercard from $433.00 to $486.00 and gave the stock a “positive” rating in a research note on Friday, July 28th. Truist Financial upped their price target on shares of Mastercard from $450.00 to $475.00 and gave the stock a “buy” rating in a research note on Monday, September 25th. Credit Suisse Group upped their price target on shares of Mastercard from $400.00 to $430.00 and gave the stock an “outperform” rating in a research note on Friday, July 28th. Finally, Seaport Res Ptn reaffirmed a “buy” rating on shares of Mastercard in a research note on Thursday, October 12th. Two investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $450.09.

Mastercard Company Profile

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.