469 Shares in Mastercard Incorporated $MA Acquired by Elser Financial Planning Inc

Key Points

• Elser Financial Planning Inc acquired 469 shares of Mastercard, valued at approximately $261,000, indicating increasing institutional interest in the stock.
• Mastercard reported $4.15 earnings per share for the last quarter, beating analysts' estimates and showing a 16.8% year-over-year revenue increase.
• The company announced a quarterly $0.76 dividend, which reflects a 0.5% yield and a payout ratio of 20.50%.

Elser Financial Planning Inc bought a new position in Mastercard Incorporated (NYSE:MA - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 469 shares of the credit services provider's stock, valued at approximately $261,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Oakworth Capital Inc. boosted its holdings in Mastercard by 8.3% in the second quarter. Oakworth Capital Inc. now owns 2,506 shares of the credit services provider's stock worth $1,408,000 after purchasing an additional 191 shares in the last quarter. Baron Silver Stevens Financial Advisors LLC grew its holdings in Mastercard by 20.1% in the 2nd quarter. Baron Silver Stevens Financial Advisors LLC now owns 1,326 shares of the credit services provider's stock valued at $745,000 after buying an additional 222 shares during the last quarter. Archford Capital Strategies LLC increased its position in Mastercard by 12.5% in the 2nd quarter. Archford Capital Strategies LLC now owns 9,353 shares of the credit services provider's stock worth $5,256,000 after buying an additional 1,042 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its holdings in shares of Mastercard by 19.6% during the second quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 5,161 shares of the credit services provider's stock worth $2,900,000 after buying an additional 847 shares during the last quarter. Finally, Moss Adams Wealth Advisors LLC boosted its position in shares of Mastercard by 10.6% in the second quarter. Moss Adams Wealth Advisors LLC now owns 5,554 shares of the credit services provider's stock valued at $3,121,000 after acquiring an additional 533 shares during the period. Institutional investors own 97.28% of the company's stock.

Mastercard Trading Down 0.3%

MA opened at $565.63 on Monday. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market cap of $511.34 billion, a price-to-earnings ratio of 38.14, a price-to-earnings-growth ratio of 2.32 and a beta of 0.99. The firm has a 50 day simple moving average of $579.00 and a 200 day simple moving average of $560.57.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm had revenue of $8.13 billion during the quarter, compared to analysts' expectations of $7.95 billion. During the same quarter in the previous year, the company earned $3.50 earnings per share. The business's revenue for the quarter was up 16.8% on a year-over-year basis. On average, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be paid a $0.76 dividend. The ex-dividend date is Thursday, October 9th. This represents a $3.04 annualized dividend and a yield of 0.5%. Mastercard's payout ratio is presently 20.50%.

Insider Buying and Selling at Mastercard

In related news, CFO J. Mehra Sachin sold 17,816 shares of the company's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the sale, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,330,922.26. This represents a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Julius Genachowski sold 312 shares of the business's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $570.67, for a total transaction of $178,049.04. Following the transaction, the director owned 8,469 shares in the company, valued at $4,833,004.23. This represents a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,391 shares of company stock valued at $20,836,514 in the last 90 days. 0.09% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MA has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price objective on shares of Mastercard from $625.00 to $650.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Jefferies Financial Group reaffirmed a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Royal Bank Of Canada increased their price objective on shares of Mastercard from $650.00 to $656.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Truist Financial decreased their price objective on Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a report on Thursday, July 17th. Finally, Morgan Stanley raised their target price on Mastercard from $639.00 to $661.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $630.89.

Mastercard 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.

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