Richard K. Davis Buys 1,735 Shares of Mastercard Inc (NYSE:MA) Stock

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Mastercard Inc (NYSE:MA) Director Richard K. Davis purchased 1,735 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were acquired at an average cost of $270.09 per share, with a total value of $468,606.15. Following the completion of the acquisition, the director now directly owns 6,031 shares in the company, valued at $1,628,912.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of NYSE MA opened at $271.89 on Friday. Mastercard Inc has a 12-month low of $171.89 and a 12-month high of $283.33. The company has a market cap of $273.92 billion, a P/E ratio of 41.89, a P/E/G ratio of 2.14 and a beta of 1.08. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 1.55. The stock has a fifty day moving average price of $273.57 and a 200 day moving average price of $248.15.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.07. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. The firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the prior year, the firm earned $1.66 EPS. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, sell-side analysts forecast that Mastercard Inc will post 7.61 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Tuesday, July 9th were issued a $0.33 dividend. The ex-dividend date was Monday, July 8th. This represents a $1.32 annualized dividend and a yield of 0.49%. Mastercard’s dividend payout ratio is currently 20.34%.

MA has been the subject of several analyst reports. UBS Group boosted their price target on Mastercard from $300.00 to $312.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Citigroup set a $317.00 price target on Mastercard and gave the company a “buy” rating in a report on Friday, July 19th. KeyCorp boosted their price target on Mastercard from $230.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Wedbush boosted their price target on Mastercard from $261.00 to $287.00 and gave the company an “outperform” rating in a report on Thursday, June 13th. Finally, Royal Bank of Canada set a $315.00 price target on Mastercard and gave the company a “buy” rating in a report on Wednesday, August 7th. Two analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. Mastercard presently has an average rating of “Buy” and a consensus target price of $291.80.

A number of hedge funds and other institutional investors have recently made changes to their positions in MA. Joseph P. Lucia & Associates LLC purchased a new position in Mastercard in the 2nd quarter valued at about $26,000. Delphi Private Advisors LLC purchased a new position in Mastercard in the 2nd quarter valued at about $31,000. Evolution Wealth Advisors LLC purchased a new position in Mastercard in the 2nd quarter valued at about $31,000. Valley National Advisers Inc. boosted its position in Mastercard by 210.9% in the 4th quarter. Valley National Advisers Inc. now owns 143 shares of the credit services provider’s stock valued at $27,000 after buying an additional 97 shares during the last quarter. Finally, TCG Advisors LP boosted its position in Mastercard by 49.5% in the 2nd quarter. TCG Advisors LP now owns 151 shares of the credit services provider’s stock valued at $41,000 after buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 74.25% of the company’s stock.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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