Sunbeam Capital Management LLC Buys 61 Shares of Mastercard Incorporated $MA

Sunbeam Capital Management LLC grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 2.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,181 shares of the credit services provider’s stock after buying an additional 61 shares during the period. Mastercard makes up 0.9% of Sunbeam Capital Management LLC’s portfolio, making the stock its 25th biggest position. Sunbeam Capital Management LLC’s holdings in Mastercard were worth $1,226,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MA. Family Legacy Financial Solutions LLC bought a new position in Mastercard during the second quarter worth about $26,000. Flaharty Asset Management LLC bought a new position in shares of Mastercard during the 1st quarter valued at about $27,000. Keystone Global Partners LLC bought a new position in shares of Mastercard during the 1st quarter valued at about $31,000. Hughes Financial Services LLC bought a new position in shares of Mastercard during the 1st quarter valued at about $34,000. Finally, 1 North Wealth Services LLC bought a new position in shares of Mastercard during the 1st quarter valued at about $44,000. Institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MA. Wall Street Zen cut Mastercard from a “buy” rating to a “hold” rating in a report on Friday, September 26th. TD Cowen reiterated a “buy” rating and set a $645.00 price objective on shares of Mastercard in a report on Monday, August 11th. Deutsche Bank Aktiengesellschaft began coverage on Mastercard in a report on Thursday, July 17th. They set a “buy” rating and a $650.00 price objective on the stock. Wolfe Research set a $655.00 price objective on Mastercard in a report on Monday, June 23rd. Finally, Royal Bank Of Canada lifted their price objective on Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $634.04.

Insider Transactions at Mastercard

In related news, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction that occurred on 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 sale, the chief financial officer 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

Mastercard Stock Down 0.3%

Shares of Mastercard stock opened at $578.91 on Tuesday. The business’s 50 day simple moving average is $580.46 and its 200 day simple moving average is $562.33. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The firm has a market cap of $523.34 billion, a PE ratio of 39.04, a P/E/G ratio of 2.38 and a beta of 0.97. 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 announced its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. During the same quarter last year, the firm earned $3.50 EPS. Mastercard’s revenue for the quarter was up 16.8% compared to the same quarter last year. On average, analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is currently 20.50%.

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.