Mastercard Incorporated $MA Shares Purchased by Winthrop Advisory Group LLC

Key Points

• Winthrop Advisory Group LLC increased its stake in Mastercard by 39.3%, owning 2,745 shares worth approximately $1.54 million by the end of the second quarter.
• Mastercard shares are currently rated as a "Buy" by multiple analysts, with price targets raised, including a new target of $660 set by KeyCorp.
• The company declared a quarterly dividend of $0.76 per share, to be paid on November 7, showcasing a modest yield of 0.5%.

Winthrop Advisory Group LLC grew its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 39.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,745 shares of the credit services provider's stock after buying an additional 775 shares during the period. Winthrop Advisory Group LLC's holdings in Mastercard were worth $1,542,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Mastercard by 0.5% during the first quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider's stock worth $42,503,787,000 after purchasing an additional 365,537 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in Mastercard in the 2nd quarter worth approximately $11,421,213,000. Price T Rowe Associates Inc. MD grew its holdings in Mastercard by 4.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider's stock worth $11,015,557,000 after buying an additional 907,184 shares in the last quarter. Wellington Management Group LLP lifted its position in Mastercard by 38.6% in the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider's stock worth $7,413,936,000 after purchasing an additional 3,765,378 shares during the period. Finally, Nuveen LLC acquired a new stake in Mastercard in the first quarter worth approximately $4,238,764,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on MA. Weiss Ratings reiterated a "buy (b)" rating on shares of Mastercard in a research report on Saturday, September 27th. Wells Fargo & Company upped their price target on shares of Mastercard from $625.00 to $650.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. KeyCorp increased their target price on shares of Mastercard from $635.00 to $660.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Truist Financial decreased their price target on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a report on Thursday, July 17th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Mastercard in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, Mastercard has a consensus rating of "Buy" and a consensus price target of $634.04.

Insider Buying and Selling

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the business's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total value of $10,456,032.24. Following the completion of the sale, the chief financial officer owned 31,234 shares of the company's stock, valued at $18,330,922.26. The trade was a 36.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.09% of the company's stock.

Mastercard Price Performance

Shares of MA stock opened at $579.24 on Wednesday. The firm has a market capitalization of $523.64 billion, a price-to-earnings ratio of 39.06, a price-to-earnings-growth ratio of 2.37 and a beta of 0.97. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The firm has a fifty day moving average of $580.78 and a 200-day moving average of $562.45. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41.

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 (EPS) for the quarter, topping 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 business had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. During the same period last year, the company earned $3.50 earnings per share. Mastercard's quarterly revenue was up 16.8% on a year-over-year basis. On average, equities research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Investors 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 dividend on an annualized basis and a yield of 0.5%. Mastercard's dividend payout ratio is 20.50%.

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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