Beaumont Financial Advisors LLC Has $2.13 Million Stock Holdings in Mastercard Incorporated $MA

Beaumont Financial Advisors LLC grew its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 17.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,789 shares of the credit services provider's stock after purchasing an additional 556 shares during the period. Beaumont Financial Advisors LLC's holdings in Mastercard were worth $2,129,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Family Legacy Financial Solutions LLC acquired a new stake in Mastercard in the second quarter valued at approximately $26,000. Flaharty Asset Management LLC bought a new position in shares of Mastercard in the 1st quarter worth $27,000. Keystone Global Partners LLC bought a new position in shares of Mastercard in the 1st quarter worth $31,000. Hughes Financial Services LLC acquired a new stake in Mastercard in the 1st quarter valued at $34,000. Finally, 1 North Wealth Services LLC bought a new stake in Mastercard during the 1st quarter valued at $44,000. Institutional investors own 97.28% of the company's stock.

Mastercard Price Performance

Shares of NYSE:MA opened at $567.36 on Friday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market capitalization of $512.90 billion, a P/E ratio of 38.26, a price-to-earnings-growth ratio of 2.33 and a beta of 0.99. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The company's 50-day moving average is $578.74 and its 200 day moving average is $559.77.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. During the same quarter last year, the business posted $3.50 EPS. Mastercard's quarterly revenue was up 16.8% compared to the same quarter last year. On average, equities research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard's dividend payout ratio (DPR) is currently 20.50%.

Insider Buying and Selling

In other 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 directly owned 31,234 shares in the company, valued at $18,330,922.26. This represents a 36.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Julius Genachowski sold 312 shares of the company's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $570.67, for a total transaction of $178,049.04. Following the sale, the director directly owned 8,469 shares in the company, valued at $4,833,004.23. This trade represents a 3.55% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,349 shares of company stock valued at $21,372,994. Company insiders own 0.09% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on MA. Royal Bank Of Canada raised 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. KeyCorp raised their price target on shares of Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. The Goldman Sachs Group reissued a "buy" rating on shares of Mastercard in a research note on Friday, August 1st. Finally, Wolfe Research set a $655.00 target price on Mastercard in a research report on Monday, June 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price 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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