Maple Capital Management Inc. Has $45.41 Million Holdings in Mastercard Incorporated $MA

Maple Capital Management Inc. increased its stake in Mastercard Incorporated (NYSE:MA) by 2.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 80,814 shares of the credit services provider’s stock after purchasing an additional 2,209 shares during the period. Mastercard makes up 3.1% of Maple Capital Management Inc.’s holdings, making the stock its 10th biggest holding. Maple Capital Management Inc.’s holdings in Mastercard were worth $45,413,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in MA. LGT Financial Advisors LLC bought a new stake in shares of Mastercard during the 2nd quarter worth $25,000. Family Legacy Financial Solutions LLC acquired a new stake in Mastercard during the 2nd quarter worth approximately $26,000. Flaharty Asset Management LLC acquired a new position in shares of Mastercard during the first quarter worth $27,000. Keystone Global Partners LLC bought a new stake in shares of Mastercard in the first quarter worth $31,000. Finally, IMG Wealth Management Inc. acquired a new stake in Mastercard in the second quarter valued at $31,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Up 0.9%

Shares of NYSE:MA opened at $557.93 on Wednesday. The business’s 50 day simple moving average is $570.69 and its two-hundred day simple moving average is $569.80. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market cap of $504.38 billion, a P/E ratio of 37.62, a PEG ratio of 2.27 and a beta of 0.92.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, topping the consensus estimate of $4.31 by $0.07. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm had revenue of $8.60 billion during the quarter, compared to the consensus estimate of $8.53 billion. During the same period in the prior year, the business posted $3.89 earnings per share. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. As a group, research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Thursday, October 9th were paid a dividend of $0.76 per share. The ex-dividend date was Thursday, October 9th. This represents a $3.04 annualized dividend and a yield of 0.5%. Mastercard’s dividend payout ratio (DPR) is 19.44%.

Insiders Place Their Bets

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of Mastercard stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the transaction, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at $18,330,922.26. The trade was a 36.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

MA has been the topic of a number of analyst reports. Wells Fargo & Company reduced their price target on Mastercard from $669.00 to $660.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. TD Cowen reissued a “buy” rating and set a $645.00 target price on shares of Mastercard in a research report on Monday, August 11th. Truist Financial dropped their price target on shares of Mastercard from $638.00 to $630.00 and set a “buy” rating on the stock in a research report on Tuesday, November 4th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $713.00 price objective on shares of Mastercard in a research note on Thursday, October 30th. Finally, Compass Point set a $620.00 target price on shares of Mastercard and gave the company a “neutral” rating in a report on Friday, October 31st. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $649.26.

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.