McKinley Carter Wealth Services Inc. Acquires 516 Shares of Mastercard Incorporated $MA

Key Points

• McKinley Carter Wealth Services Inc. increased its holdings in Mastercard by 2.5%, acquiring an additional 516 shares, bringing its total ownership to 20,901 shares valued at approximately $11.7 million.
• Mastercard's recent quarterly earnings reported an EPS of $4.15, surpassing analysts' expectations and reflecting a 16.8% year-over-year revenue growth.
• The company's quarterly dividend of $0.76 per share will be paid on November 7th, with a dividend yield of 0.5% and a payout ratio of 20.50%.

McKinley Carter Wealth Services Inc. raised its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 2.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,901 shares of the credit services provider's stock after buying an additional 516 shares during the period. McKinley Carter Wealth Services Inc.'s holdings in Mastercard were worth $11,745,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MA. Vanguard Group Inc. grew its position in shares of Mastercard by 0.5% in the first quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider's stock valued at $42,503,787,000 after purchasing an additional 365,537 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in shares of Mastercard in the second quarter valued at approximately $11,421,213,000. Price T Rowe Associates Inc. MD grew its position in shares of Mastercard by 4.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider's stock valued at $11,015,557,000 after purchasing an additional 907,184 shares during the last quarter. Wellington Management Group LLP grew its position in shares of 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 valued at $7,413,936,000 after purchasing an additional 3,765,378 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of Mastercard in the first quarter valued at approximately $4,238,764,000. Institutional investors own 97.28% of the company's stock.

Insider Buying and Selling at Mastercard

In other news, 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 completion of the transaction, the chief financial officer directly owned 31,234 shares of the company's stock, valued at approximately $18,330,922.26. This trade represents a 36.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.09% of the company's stock.

Mastercard Stock Down 2.2%

Shares of NYSE:MA opened at $563.77 on Friday. The firm has a market cap of $509.65 billion, a P/E ratio of 38.02, a P/E/G ratio of 2.36 and a beta of 0.97. 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 Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The business has a fifty day simple moving average of $581.06 and a 200 day simple moving average of $562.68.

Mastercard (NYSE:MA - Get Free Report) last announced its 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. The business had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.Mastercard's revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period last year, the company earned $3.50 EPS. Analysts predict 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. Stockholders of record on Thursday, October 9th will be given a $0.76 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. Mastercard's dividend payout ratio (DPR) is 20.50%.

Analysts Set New Price Targets

Several equities analysts have recently commented on MA shares. TD Cowen reaffirmed a "buy" rating and issued a $645.00 target price on shares of Mastercard in a research report on Monday, August 11th. Seaport Res Ptn raised Mastercard from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 14th. Truist Financial reduced their price target on Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a research report on Thursday, July 17th. Wall Street Zen downgraded Mastercard from a "buy" rating to a "hold" rating in a research report on Friday, September 26th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Mastercard in a research report on Thursday, July 17th. They set a "buy" rating and a $650.00 price target on the stock. Two investment 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $634.04.

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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