Pathway Financial Advisers LLC Raises Stock Holdings in Mastercard Incorporated (NYSE:MA)

Pathway Financial Advisers LLC lifted its stake in Mastercard Incorporated (NYSE:MA) by 9.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 386 shares of the credit services provider’s stock after buying an additional 34 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Mastercard were worth $168,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in MA. Hoxton Planning & Management LLC raised its stake in shares of Mastercard by 1.4% during the 1st quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock worth $788,000 after buying an additional 22 shares during the period. Quilter Plc increased its stake in shares of Mastercard by 2.8% during the second quarter. Quilter Plc now owns 801 shares of the credit services provider’s stock worth $353,000 after purchasing an additional 22 shares in the last quarter. Benin Management CORP raised its position in shares of Mastercard by 3.0% during the 1st quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock worth $382,000 after purchasing an additional 23 shares during the last quarter. Atticus Wealth Management LLC lifted its stake in Mastercard by 1.3% in the 1st quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock valued at $835,000 after buying an additional 23 shares in the last quarter. Finally, Strategic Advisors LLC boosted its holdings in Mastercard by 0.3% in the 1st quarter. Strategic Advisors LLC now owns 6,881 shares of the credit services provider’s stock worth $3,314,000 after buying an additional 23 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the company. Bank of America increased their price objective on Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. Evercore ISI dropped their price objective on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. Piper Sandler raised their target price on shares of Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. upped their price target on Mastercard from $500.00 to $570.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. Finally, Compass Point began coverage on Mastercard in a research note on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Mastercard has an average rating of “Moderate Buy” and a consensus price target of $517.22.

Mastercard Stock Up 0.5 %

MA stock opened at $496.19 on Wednesday. Mastercard Incorporated has a one year low of $359.77 and a one year high of $501.80. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. The company has a fifty day moving average of $472.79 and a 200-day moving average of $462.01. The stock has a market capitalization of $461.27 billion, a PE ratio of 39.44, a price-to-earnings-growth ratio of 1.96 and a beta of 1.10.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $3.51 by $0.08. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The firm had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.85 billion. As a group, analysts expect that Mastercard Incorporated will post 14.29 EPS for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be paid a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.53%. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Insider Buying and Selling

In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of the sale, the chief financial officer now owns 27,304 shares of the company’s stock, valued at $12,423,320. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, major shareholder Foundation Mastercard sold 109,000 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the sale, the insider now owns 91,924,308 shares of the company’s stock, valued at $42,970,017,774.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. The disclosure for this sale can be found here. Insiders have sold 340,809 shares of company stock valued at $159,610,703 over the last quarter. Company insiders own 0.10% of the company’s stock.

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.