McClarren Financial Advisors Inc. Acquires 52 Shares of Mastercard Incorporated (NYSE:MA)

McClarren Financial Advisors Inc. lifted its holdings in Mastercard Incorporated (NYSE:MA) by 11.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 493 shares of the credit services provider’s stock after acquiring an additional 52 shares during the period. McClarren Financial Advisors Inc.’s holdings in Mastercard were worth $243,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Swedbank AB bought a new position in Mastercard during the first quarter valued at approximately $660,652,000. PineStone Asset Management Inc. boosted its stake in Mastercard by 145.6% during the second quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock valued at $784,148,000 after buying an additional 1,053,616 shares during the last quarter. Manning & Napier Advisors LLC bought a new position in Mastercard during the second quarter valued at approximately $259,071,000. Global Assets Advisory LLC bought a new position in Mastercard during the first quarter valued at approximately $203,198,000. Finally, Capital World Investors boosted its stake in Mastercard by 13.3% during the first quarter. Capital World Investors now owns 3,293,617 shares of the credit services provider’s stock valued at $1,586,107,000 after buying an additional 387,317 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Activity

In other news, CFO J. Mehra Sachin sold 13,439 shares of Mastercard 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 transaction, the chief financial officer now directly owns 27,304 shares in the company, valued at approximately $12,423,320. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the transaction, the chief marketing officer now directly owns 17,118 shares in the company, valued at $8,440,885.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO J. Mehra Sachin sold 13,439 shares of the business’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 transaction, the chief financial officer now owns 27,304 shares in the company, valued at approximately $12,423,320. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 340,809 shares of company stock worth $159,610,703. 0.10% of the stock is currently owned by company insiders.

Mastercard Stock Up 0.5 %

NYSE MA traded up $2.58 on Friday, reaching $516.34. 2,604,684 shares of the stock traded hands, compared to its average volume of 2,442,889. 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 price of $486.90 and a 200-day moving average price of $464.10. The company has a market cap of $480.00 billion, a price-to-earnings ratio of 41.04, a PEG ratio of 2.22 and a beta of 1.10. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $518.00.

Mastercard (NYSE:MA) last issued its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, beating analysts’ consensus estimates of $3.51 by $0.08. The business had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. As a group, research analysts forecast that Mastercard Incorporated will post 14.3 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Analyst Ratings Changes

MA has been the subject of a number of research reports. TD Cowen increased their price target on Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Evercore ISI decreased their price objective on Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. Robert W. Baird upped their price objective on Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday. Piper Sandler upped their price objective on Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. upped their price objective on Mastercard from $500.00 to $570.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. Four analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $524.64.

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.