352 Shares in Mastercard Incorporated (NYSE:MA) Purchased by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC bought a new position in shares of Mastercard Incorporated (NYSE:MA) in the 1st quarter, HoldingsChannel.com reports. The firm bought 352 shares of the credit services provider’s stock, valued at approximately $170,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Westend Capital Management LLC purchased a new position in shares of Mastercard in the 1st quarter worth about $27,000. Palisade Asset Management LLC bought a new position in Mastercard during the 1st quarter worth approximately $27,000. VitalStone Financial LLC grew its position in Mastercard by 300.0% during the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 45 shares during the last quarter. Altshuler Shaham Ltd bought a new position in Mastercard during the 4th quarter worth approximately $26,000. Finally, Scarborough Advisors LLC bought a new position in Mastercard during the 4th quarter worth approximately $28,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Piper Sandler raised their price target on Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research report on Friday. JPMorgan Chase & Co. reduced their price target on Mastercard from $510.00 to $500.00 and set an “overweight” rating on the stock in a research report on Thursday, July 18th. BNP Paribas upgraded Mastercard to a “strong-buy” rating in a research report on Thursday, July 25th. Barclays dropped their price objective on Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a report on Monday, May 6th. Finally, Susquehanna increased their price objective on Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a report on Thursday. Three analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $507.27.

Mastercard Stock Down 0.1 %

NYSE:MA traded down $0.39 during trading hours on Friday, reaching $462.02. 3,808,080 shares of the company traded hands, compared to its average volume of 2,706,904. The business’s 50-day moving average price is $446.48 and its two-hundred day moving average price is $456.63. The stock has a market capitalization of $429.50 billion, a P/E ratio of 36.73, a P/E/G ratio of 1.82 and a beta of 1.09. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $490.00. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 1.95.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. The business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.80 earnings per share. Analysts predict that Mastercard Incorporated will post 14.27 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Tuesday, July 9th. Mastercard’s payout ratio is 20.99%.

Insiders Place Their Bets

In other Mastercard news, major shareholder Foundation Mastercard sold 138,000 shares of Mastercard stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total value of $62,540,220.00. Following the completion of the sale, the insider now owns 92,152,308 shares of the company’s stock, valued at approximately $41,762,504,462.52. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, major shareholder Foundation Mastercard sold 138,000 shares of Mastercard stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total value of $62,540,220.00. Following the completion of the sale, the insider now owns 92,152,308 shares of the company’s stock, valued at $41,762,504,462.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Craig Vosburg sold 9,028 shares of Mastercard stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $451.06, for a total value of $4,072,169.68. Following the completion of the sale, the insider now directly owns 58,940 shares of the company’s stock, valued at approximately $26,585,476.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,462,228 shares of company stock valued at $1,110,349,560. Corporate insiders own 0.10% of the company’s stock.

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.