IFG Advisors LLC Purchases Shares of 705 Mastercard Incorporated $MA

Key Points

• IFG Advisors LLC acquired 705 shares of Mastercard Incorporated, valued at approximately $396,000, according to their latest Form 13F filing.
• Mastercard reported $4.15 earnings per share for the last quarter, exceeding analysts' expectations of $4.05, with year-over-year revenue growth of 16.8%.
• The company announced a quarterly dividend payment of $0.76 per share, which will be distributed on November 7th to shareholders of record as of October 9th.

IFG Advisors LLC purchased a new position in Mastercard Incorporated (NYSE:MA - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 705 shares of the credit services provider's stock, valued at approximately $396,000.

A number of other hedge funds have also recently modified their holdings of MA. Accredited Investors Inc. raised its position in Mastercard by 2.6% during the 1st quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider's stock valued at $394,000 after purchasing an additional 18 shares during the last quarter. Wealthstream Advisors Inc. increased its stake in shares of Mastercard by 2.9% during the first quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider's stock valued at $347,000 after buying an additional 18 shares during the period. KRS Capital Management LLC raised its holdings in shares of Mastercard by 0.6% during the second quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider's stock valued at $1,601,000 after acquiring an additional 18 shares in the last quarter. Pinion Investment Advisors LLC raised its holdings in shares of Mastercard by 0.8% during the second quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider's stock valued at $1,276,000 after acquiring an additional 18 shares in the last quarter. Finally, Phillips Wealth Planners LLC lifted its stake in Mastercard by 1.8% in the first quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider's stock worth $538,000 after acquiring an additional 19 shares during the period. Hedge funds and other institutional investors own 97.28% of the company's stock.

Mastercard Price Performance

MA stock opened at $567.88 on Wednesday. The firm has a 50 day moving average price of $580.83 and a 200-day moving average price of $563.06. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The firm has a market capitalization of $513.37 billion, a price-to-earnings ratio of 38.29, a PEG ratio of 2.29 and a beta of 0.97. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating analysts' consensus estimates of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.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 company earned $3.50 EPS. The firm's revenue for the quarter was up 16.8% on a year-over-year basis. Equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be paid 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 Transactions at Mastercard

In other news, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were 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 $18,330,922.26. This represents a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Wolfe Research set a $655.00 price objective on shares of Mastercard in a research report on Monday, June 23rd. Truist Financial reduced their price target on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a research report on Thursday, July 17th. Royal Bank Of Canada increased their price target on shares of Mastercard from $650.00 to $656.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft began coverage on Mastercard in a research report on Thursday, July 17th. They set a "buy" rating and a $650.00 price objective on the stock. Finally, Morgan Stanley increased 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 equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $634.04.

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.

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