Berry Wealth Group LP Purchases Shares of 376 Mastercard Incorporated $MA

Berry Wealth Group LP purchased a new position in Mastercard Incorporated (NYSE:MA) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 376 shares of the credit services provider’s stock, valued at approximately $211,000.

A number of other hedge funds have also recently modified their holdings of MA. Brighton Jones LLC boosted its holdings in shares of Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after purchasing an additional 2,028 shares during the period. XTX Topco Ltd lifted its position in Mastercard by 52.0% in the first quarter. XTX Topco Ltd now owns 2,962 shares of the credit services provider’s stock worth $1,624,000 after buying an additional 1,013 shares during the last quarter. Bayforest Capital Ltd boosted its stake in Mastercard by 107.3% during the first quarter. Bayforest Capital Ltd now owns 481 shares of the credit services provider’s stock worth $264,000 after buying an additional 249 shares during the period. Davis R M Inc. boosted its stake in Mastercard by 2.9% during the first quarter. Davis R M Inc. now owns 3,088 shares of the credit services provider’s stock worth $1,693,000 after buying an additional 87 shares during the period. Finally, Harbour Investments Inc. increased its position in Mastercard by 2.0% during the first quarter. Harbour Investments Inc. now owns 9,651 shares of the credit services provider’s stock valued at $5,290,000 after acquiring an additional 192 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In related news, CFO J. Mehra Sachin sold 17,263 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total value of $10,202,433.00. Following the transaction, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at approximately $18,459,294. This trade represents a 35.60% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.09% of the stock is currently owned by insiders.

Analyst Ratings Changes

MA has been the topic of a number of analyst reports. TD Cowen reaffirmed a “buy” rating and set a $645.00 target price on shares of Mastercard in a research note on Monday, August 11th. Royal Bank Of Canada boosted their price objective on Mastercard from $645.00 to $654.00 and gave the company a “buy” rating in a report on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mastercard in a research report on Wednesday, October 8th. Citigroup upgraded Mastercard to a “strong-buy” rating in a research report on Thursday, October 23rd. Finally, 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. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $652.50.

Mastercard Trading Up 1.2%

NYSE MA opened at $551.25 on Friday. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The company has a fifty day simple moving average of $559.06 and a two-hundred day simple moving average of $568.29. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The stock has a market cap of $495.02 billion, a P/E ratio of 37.17, a P/E/G ratio of 2.27 and a beta of 0.92.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. The firm had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.53 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 16.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.89 earnings per share. On average, analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Thursday, October 9th were given a dividend of $0.76 per share. The ex-dividend date was Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.6%. Mastercard’s dividend payout ratio is currently 19.44%.

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.