Gateway Advisory LLC Purchases Shares of 521 Mastercard Incorporated (NYSE:MA)

Gateway Advisory LLC acquired a new stake in Mastercard Incorporated (NYSE:MA) in the second quarter, HoldingsChannel.com reports. The firm acquired 521 shares of the credit services provider’s stock, valued at approximately $205,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich grew its holdings in Mastercard by 98,203.6% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 825,436,694 shares of the credit services provider’s stock valued at $324,644,252,000 after buying an additional 824,597,013 shares during the period. State Street Corp grew its holdings in Mastercard by 3.9% in the first quarter. State Street Corp now owns 34,759,814 shares of the credit services provider’s stock valued at $12,632,032,000 after purchasing an additional 1,303,477 shares during the period. Geode Capital Management LLC raised its stake in Mastercard by 0.4% during the first quarter. Geode Capital Management LLC now owns 16,368,594 shares of the credit services provider’s stock worth $5,936,110,000 after purchasing an additional 62,380 shares during the period. Morgan Stanley boosted its holdings in shares of Mastercard by 17.7% in the 4th quarter. Morgan Stanley now owns 15,843,692 shares of the credit services provider’s stock valued at $5,509,328,000 after purchasing an additional 2,385,640 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Mastercard during the 4th quarter worth $3,308,223,000. 74.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Mastercard

In other Mastercard news, insider Timothy H. Murphy sold 7,419 shares of Mastercard stock in a transaction on Friday, September 29th. The shares were sold at an average price of $397.28, for a total value of $2,947,420.32. Following the completion of the transaction, the insider now owns 39,007 shares of the company’s stock, valued at $15,496,700.96. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Ajay Bhalla sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $413.13, for a total value of $1,652,520.00. Following the sale, the insider now owns 6,235 shares of the company’s stock, valued at approximately $2,575,865.55. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Timothy H. Murphy sold 7,419 shares of the company’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $397.28, for a total value of $2,947,420.32. Following the transaction, the insider now owns 39,007 shares of the company’s stock, valued at $15,496,700.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 533,424 shares of company stock valued at $206,051,295. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on MA shares. JPMorgan Chase & Co. reduced their target price on Mastercard from $510.00 to $496.00 and set an “overweight” rating on the stock in a report on Monday, October 9th. StockNews.com assumed coverage on Mastercard in a research note on Thursday, October 5th. They issued a “buy” rating on the stock. Credit Suisse Group increased their target price on shares of Mastercard from $400.00 to $430.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Truist Financial lifted their price target on shares of Mastercard from $450.00 to $475.00 and gave the company a “buy” rating in a research report on Monday, September 25th. Finally, Jefferies Financial Group raised their target price on shares of Mastercard from $460.00 to $475.00 and gave the company a “buy” rating in a research note on Friday, September 15th. Two analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $450.09.

Mastercard Stock Up 0.8 %

Shares of MA stock traded up $3.20 during mid-day trading on Friday, reaching $400.30. 2,365,689 shares of the company were exchanged, compared to its average volume of 2,838,711. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.17 and a current ratio of 1.17. The business’s 50 day simple moving average is $395.21 and its 200 day simple moving average is $391.54. The company has a market capitalization of $375.39 billion, a P/E ratio of 34.87, a P/E/G ratio of 1.79 and a beta of 1.08. Mastercard Incorporated has a fifty-two week low of $336.43 and a fifty-two week high of $418.60.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 26th. The credit services provider reported $3.39 earnings per share for the quarter, topping the consensus estimate of $3.21 by $0.18. The company had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.53 billion. Mastercard had a net margin of 44.85% and a return on equity of 188.83%. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period last year, the business earned $2.68 EPS. Research analysts predict that Mastercard Incorporated will post 12.16 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Stockholders of record on Monday, October 9th were issued a $0.57 dividend. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.57%. Mastercard’s dividend payout ratio (DPR) is 19.86%.

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 other payment-related products and services.