Mastercard Incorporated (NYSE:MA) Shares Bought by Davis R M Inc.

Davis R M Inc. increased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 2.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,961 shares of the credit services provider’s stock after purchasing an additional 85 shares during the period. Davis R M Inc.’s holdings in Mastercard were worth $1,558,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in MA. Aspire Private Capital LLC acquired a new stake in Mastercard during the 1st quarter valued at $18,897,320,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Mastercard during the first quarter worth about $25,000. Graham Capital Wealth Management LLC acquired a new position in shares of Mastercard in the first quarter worth about $268,923,000. Avion Wealth boosted its holdings in Mastercard by 75.8% in the second 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 last quarter. Finally, Quarry LP acquired a new stake in Mastercard during the 1st quarter valued at approximately $40,000. 74.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Mastercard

In related news, Director Richard K. Davis bought 1,000 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were bought at an average cost of $390.96 per share, with a total value of $390,960.00. Following the completion of the transaction, the director now directly owns 9,743 shares of the company’s stock, valued at $3,809,123.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Richard K. Davis purchased 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was acquired at an average cost of $390.96 per share, for a total transaction of $390,960.00. Following the completion of the acquisition, the director now owns 9,743 shares in the company, valued at approximately $3,809,123.28. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Foundation Mastercard sold 125,816 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $377.45, for a total transaction of $47,489,249.20. Following the completion of the transaction, the insider now owns 98,424,221 shares in the company, valued at approximately $37,150,222,216.45. The disclosure for this sale can be found here. Insiders sold a total of 533,424 shares of company stock valued at $206,051,295 over the last ninety days. Insiders own 0.13% of the company’s stock.

Mastercard Price Performance

NYSE MA opened at $404.40 on Tuesday. The firm has a market capitalization of $379.24 billion, a PE ratio of 35.23, a P/E/G ratio of 1.79 and a beta of 1.08. 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 12 month low of $336.43 and a 12 month high of $418.60. The company’s 50 day simple moving average is $394.96 and its 200 day simple moving average is $391.86.

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

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Monday, October 9th were issued a $0.57 dividend. The ex-dividend date was Thursday, October 5th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.56%. Mastercard’s payout ratio is currently 19.86%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Raymond James reduced their target price on Mastercard from $453.00 to $452.00 and set an “outperform” rating for the company in a research note on Friday, October 27th. Seaport Res Ptn restated a “buy” rating on shares of Mastercard in a research note on Thursday, October 12th. Wells Fargo & Company lifted their price target on Mastercard from $425.00 to $440.00 and gave the stock an “overweight” rating in a research note on Friday, July 28th. Truist Financial upped their price objective on Mastercard from $450.00 to $475.00 and gave the company a “buy” rating in a research note on Monday, September 25th. Finally, KeyCorp lowered their price target on Mastercard from $440.00 to $430.00 and set an “overweight” rating for the company in a report on Friday, October 27th. Two research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and a consensus 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.