Berger Financial Group Inc Has $10.63 Million Position in Mastercard Incorporated $MA

Key Points

• Berger Financial Group Inc reduced its position in Mastercard by 3.2%, owning 18,912 shares valued at approximately $10.63 million after selling 620 shares during the second quarter.
• Insider trading activity includes Director Julius Genachowski selling 312 shares for $178,049 and CFO J. Mehra Sachin selling 17,816 shares for over $10.45 million.
• Mastercard announced a quarterly dividend of $0.76 per share payable on November 7th, representing an annualized yield of 0.5%.

Berger Financial Group Inc trimmed its position in Mastercard Incorporated (NYSE:MA - Free Report) by 3.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,912 shares of the credit services provider's stock after selling 620 shares during the quarter. Berger Financial Group Inc's holdings in Mastercard were worth $10,627,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of MA. Brighton Jones LLC grew its position in shares of Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock worth $3,594,000 after purchasing an additional 2,028 shares in the last quarter. Signal Advisors Wealth LLC boosted its stake in shares of Mastercard by 24.9% in the first quarter. Signal Advisors Wealth LLC now owns 1,739 shares of the credit services provider's stock valued at $953,000 after buying an additional 347 shares during the period. Curat Global LLC acquired a new stake in Mastercard during the first quarter worth approximately $164,000. Verum Partners LLC increased its stake in Mastercard by 2.6% during the 1st quarter. Verum Partners LLC now owns 980 shares of the credit services provider's stock worth $537,000 after acquiring an additional 25 shares during the period. Finally, Impact Capital Partners LLC increased its stake in Mastercard by 1.3% during the 1st quarter. Impact Capital Partners LLC now owns 2,349 shares of the credit services provider's stock worth $1,288,000 after acquiring an additional 29 shares during the period. Institutional investors and hedge funds own 97.28% of the company's stock.

Insider Activity at Mastercard

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

Mastercard Trading Up 0.6%

NYSE MA opened at $581.08 on Friday. The company has a market cap of $525.30 billion, a price-to-earnings ratio of 39.18, a price-to-earnings-growth ratio of 2.38 and a beta of 0.97. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The business's fifty day moving average is $580.26 and its 200 day moving average is $561.85.

Mastercard (NYSE:MA - Get Free Report) last posted its earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating the consensus estimate of $4.05 by $0.10. The firm had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business's quarterly revenue was up 16.8% on a year-over-year basis. During the same period last year, the company earned $3.50 earnings per share. As a group, sell-side analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal 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 issued 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 of this dividend is Thursday, October 9th. Mastercard's payout ratio is presently 20.50%.

Analysts Set New Price Targets

Several research firms have recently issued reports on MA. Wolfe Research set a $655.00 target price on Mastercard in a report on Monday, June 23rd. TD Cowen reiterated a "buy" rating and set a $645.00 price objective on shares of Mastercard in a research note on Monday, August 11th. Truist Financial dropped their target price on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a research report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft began coverage on shares of Mastercard in a research report on Thursday, July 17th. They set a "buy" rating and a $650.00 price target on the stock. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Mastercard in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $630.89.

About Mastercard

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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