McClarren Financial Advisors Inc. Increases Stock Holdings in Mastercard Incorporated (NYSE:MA)

McClarren Financial Advisors Inc. increased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 11.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 493 shares of the credit services provider’s stock after buying an additional 52 shares during the quarter. McClarren Financial Advisors Inc.’s holdings in Mastercard were worth $243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in MA. Swedbank AB purchased a new stake in Mastercard during the 1st quarter valued at about $660,652,000. PineStone Asset Management Inc. grew its stake in Mastercard by 145.6% during the 2nd quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock valued at $784,148,000 after purchasing an additional 1,053,616 shares during the last quarter. Manning & Napier Advisors LLC purchased a new stake in Mastercard during the 2nd quarter valued at about $259,071,000. Global Assets Advisory LLC purchased a new stake in Mastercard during the 1st quarter valued at about $203,198,000. Finally, Capital World Investors grew its stake in Mastercard by 13.3% during the 1st quarter. Capital World Investors now owns 3,293,617 shares of the credit services provider’s stock valued at $1,586,107,000 after purchasing an additional 387,317 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Susquehanna boosted their price target on Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research note on Thursday, August 1st. Barclays boosted their price objective on Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. BMO Capital Markets reissued an “outperform” rating and issued a $520.00 price objective on shares of Mastercard in a report on Wednesday, August 14th. TD Cowen boosted their price objective on Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Compass Point began coverage on Mastercard in a report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and an average price target of $524.64.

Insider Activity

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the sale, the chief marketing officer now directly owns 17,118 shares in the company, valued at $8,440,885.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of the transaction, the chief financial officer now directly owns 27,304 shares in the company, valued at approximately $12,423,320. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at $8,440,885.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 340,809 shares of company stock worth $159,610,703 over the last ninety days. Corporate insiders own 0.10% of the company’s stock.

Mastercard Price Performance

Shares of Mastercard stock traded up $2.58 during mid-day trading on Friday, reaching $516.34. 2,604,684 shares of the stock traded hands, compared to its average volume of 2,442,889. The business has a 50-day moving average of $486.90 and a 200 day moving average of $464.10. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $518.00. The stock has a market capitalization of $480.00 billion, a PE ratio of 41.04, a PEG ratio of 2.22 and a beta of 1.10. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95.

Mastercard (NYSE:MA) last announced its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $3.51 by $0.08. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The business had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. On average, analysts predict that Mastercard Incorporated will post 14.3 EPS for the current year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.51%. Mastercard’s payout ratio is currently 20.99%.

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.