Mastercard Incorporated $MA Shares Purchased by Pure Financial Advisors LLC

Key Points

• Pure Financial Advisors LLC increased its stake in Mastercard by 575.6% during the second quarter, owning 10,897 shares valued at approximately $6.12 million.
• Wall Street analysts have issued mostly positive ratings for Mastercard, with target prices ranging from $645.00 to $660.00, and an overall average target of $630.89.
• Mastercard plans to pay a quarterly dividend of $0.76 on November 7th, representing an annualized yield of 0.5% with a payout ratio of 20.50%.

Pure Financial Advisors LLC boosted its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 575.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,897 shares of the credit services provider's stock after acquiring an additional 9,284 shares during the quarter. Pure Financial Advisors LLC's holdings in Mastercard were worth $6,123,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Accredited Investors Inc. raised its position in shares of Mastercard by 2.6% in the first 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 period. Wealthstream Advisors Inc. increased its holdings in Mastercard by 2.9% during the 1st quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider's stock worth $347,000 after acquiring an additional 18 shares during the period. Phillips Wealth Planners LLC increased its holdings in Mastercard by 1.8% during the 1st 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. Alta Wealth Advisors LLC increased its holdings in Mastercard by 3.6% during the 1st quarter. Alta Wealth Advisors LLC now owns 540 shares of the credit services provider's stock worth $296,000 after acquiring an additional 19 shares during the period. Finally, May Hill Capital LLC increased its holdings in Mastercard by 2.0% during the 1st quarter. May Hill Capital LLC now owns 986 shares of the credit services provider's stock worth $540,000 after acquiring an additional 19 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. TD Cowen reaffirmed a "buy" rating and set a $645.00 target price on shares of Mastercard in a report on Monday, August 11th. Royal Bank Of Canada upped their target price on shares of Mastercard from $650.00 to $656.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Wall Street Zen cut shares of Mastercard from a "buy" rating to a "hold" rating in a research note on Friday, September 26th. KeyCorp boosted their price target on shares of Mastercard from $635.00 to $660.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Mastercard in a research note on Thursday, July 17th. They issued a "buy" rating and a $650.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $630.89.

Insider Buying and Selling

In related news, Director Julius Genachowski sold 312 shares of the business's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the sale, the director owned 8,469 shares in the company, valued at approximately $4,833,004.23. The trade was a 3.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO J. Mehra Sachin sold 17,263 shares of the business's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the completion of the sale, the chief financial officer owned 31,234 shares in the company, valued at $18,459,294. This represents a 35.60% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,391 shares of company stock worth $20,836,514. 0.09% of the stock is owned by company insiders.

Mastercard Stock Up 1.0%

Shares of NYSE MA opened at $574.40 on Thursday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The firm has a market capitalization of $519.26 billion, a PE ratio of 38.73, a price-to-earnings-growth ratio of 2.33 and a beta of 0.97. The firm has a fifty day simple moving average of $579.73 and a two-hundred day simple moving average of $561.01.

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 period last year, the business earned $3.50 EPS. Mastercard's quarterly revenue was up 16.8% compared to the same quarter last year. Equities analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

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

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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