PDS Planning Inc Acquires 1,489 Shares of Mastercard Incorporated $MA

PDS Planning Inc boosted its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 31.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,230 shares of the credit services provider's stock after purchasing an additional 1,489 shares during the period. PDS Planning Inc's holdings in Mastercard were worth $3,501,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. ORG Partners LLC grew its position in Mastercard by 73.2% during the 2nd quarter. ORG Partners LLC now owns 698 shares of the credit services provider's stock worth $394,000 after acquiring an additional 295 shares during the last quarter. Ethos Financial Group LLC raised its holdings in shares of Mastercard by 19.5% in the first quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider's stock valued at $1,683,000 after buying an additional 518 shares during the last quarter. Fortis Advisors LLC raised its holdings in shares of Mastercard by 9.4% in the first quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider's stock valued at $477,000 after buying an additional 75 shares during the last quarter. Wheelhouse Advisory Group LLC increased its position in Mastercard by 4.4% in the 2nd quarter. Wheelhouse Advisory Group LLC now owns 1,336 shares of the credit services provider's stock valued at $751,000 after acquiring an additional 56 shares in the last quarter. Finally, Canandaigua National Trust Co of Florida increased its position in Mastercard by 36.4% in the 1st quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider's stock valued at $380,000 after acquiring an additional 185 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MA. Truist Financial decreased their price target on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a research note on Thursday, July 17th. Seaport Res Ptn raised Mastercard from a "hold" rating to a "strong-buy" rating in a report on Monday, July 14th. Deutsche Bank Aktiengesellschaft started coverage on Mastercard in a research report on Thursday, July 17th. They set a "buy" rating and a $650.00 target price for the company. Wolfe Research set a $655.00 target price on Mastercard in a research report on Monday, June 23rd. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Mastercard in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $634.04.

Insider Activity at Mastercard

In other news, CFO J. Mehra Sachin sold 17,263 shares of the firm's stock in a transaction dated 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 sale, the chief financial officer owned 31,234 shares of the company's stock, valued at $18,459,294. This trade represents a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

Mastercard Stock Down 1.4%

Shares of Mastercard stock opened at $556.80 on Friday. 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 $581.01 and a 200 day simple moving average of $562.77. The stock has a market cap of $503.35 billion, a PE ratio of 37.55, a price-to-earnings-growth ratio of 2.31 and a beta of 0.97.

Mastercard (NYSE:MA - Get Free Report) last issued its earnings results 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 firm had revenue of $8.13 billion for the quarter, compared to analysts' expectations of $7.95 billion. During the same quarter last year, the business earned $3.50 earnings per share. The company's revenue was up 16.8% compared to the same quarter last year. Research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current 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. The ex-dividend date is Thursday, October 9th. This represents a $3.04 annualized dividend and a yield of 0.5%. Mastercard's payout ratio is currently 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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