Aspetuck Financial Management LLC Buys 218 Shares of Mastercard Incorporated $MA

Aspetuck Financial Management LLC raised its position in shares of Mastercard Incorporated (NYSE:MA) by 22.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,185 shares of the credit services provider’s stock after acquiring an additional 218 shares during the period. Aspetuck Financial Management LLC’s holdings in Mastercard were worth $666,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Modera Wealth Management LLC lifted its holdings in shares of Mastercard by 0.7% in the 2nd quarter. Modera Wealth Management LLC now owns 13,861 shares of the credit services provider’s stock worth $7,789,000 after acquiring an additional 94 shares during the last quarter. Middleton & Co. Inc. MA raised its position in Mastercard by 4.9% in the 2nd quarter. Middleton & Co. Inc. MA now owns 3,773 shares of the credit services provider’s stock worth $2,120,000 after purchasing an additional 175 shares during the period. Twin Capital Management Inc. lifted its stake in Mastercard by 10.2% in the second quarter. Twin Capital Management Inc. now owns 5,117 shares of the credit services provider’s stock worth $2,875,000 after purchasing an additional 473 shares during the last quarter. Souders Financial Advisors boosted its position in shares of Mastercard by 32.4% during the second quarter. Souders Financial Advisors now owns 1,688 shares of the credit services provider’s stock valued at $949,000 after buying an additional 413 shares during the period. Finally, Yacktman Asset Management LP grew its stake in shares of Mastercard by 4.9% during the second quarter. Yacktman Asset Management LP now owns 11,670 shares of the credit services provider’s stock valued at $6,558,000 after buying an additional 540 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Trading Down 0.1%

NYSE:MA opened at $552.73 on Friday. The firm has a 50-day simple moving average of $573.12 and a 200-day simple moving average of $568.66. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The firm has a market cap of $499.67 billion, a P/E ratio of 37.27, a P/E/G ratio of 2.27 and a beta of 0.92. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.31 by $0.07. The company had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.53 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. Mastercard’s revenue was up 16.7% compared to the same quarter last year. During the same period last year, the company posted $3.89 earnings per share. Equities analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared 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. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s payout ratio is presently 19.44%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on MA shares. Cowen reissued a “buy” rating on shares of Mastercard in a research note on Friday, October 31st. Seaport Res Ptn upgraded Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. Robert W. Baird boosted their target price on shares of Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. UBS Group upped their price target on shares of Mastercard from $690.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Finally, Compass Point set a $620.00 price objective on shares of Mastercard and gave the company a “neutral” rating in a report on Friday, October 31st. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Mastercard currently has a consensus rating of “Buy” and an average price target of $649.26.

Insider Buying and Selling at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total value of $10,202,433.00. Following the transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,459,294. The trade was a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is owned by company insiders.

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.