Toth Financial Advisory Corp Has $13.77 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Toth Financial Advisory Corp increased its stake in Mastercard Incorporated (NYSE:MA) by 1.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,890 shares of the credit services provider’s stock after acquiring an additional 530 shares during the quarter. Mastercard makes up 1.6% of Toth Financial Advisory Corp’s holdings, making the stock its 10th largest holding. Toth Financial Advisory Corp’s holdings in Mastercard were worth $13,772,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Palisade Asset Management LLC acquired a new stake in Mastercard during the 1st quarter worth about $27,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Mastercard in the second quarter worth approximately $34,000. Fairway Wealth LLC acquired a new stake in shares of Mastercard during the second quarter valued at approximately $35,000. Steph & Co. purchased a new stake in shares of Mastercard in the 1st quarter valued at approximately $43,000. Finally, Lowe Wealth Advisors LLC lifted its position in shares of Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after acquiring an additional 37 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Performance

Shares of NYSE:MA traded down $1.41 during trading on Monday, hitting $514.93. 722,809 shares of the stock were exchanged, compared to its average volume of 2,434,416. The company has a market capitalization of $478.69 billion, a price-to-earnings ratio of 41.14, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $518.82. The company’s fifty day simple moving average is $486.90 and its 200-day simple moving average is $464.01.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $3.51 by $0.08. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The firm had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.85 billion. Sell-side analysts expect that Mastercard Incorporated will post 14.3 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.51%. The ex-dividend date is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MA. JPMorgan Chase & Co. increased their target price on Mastercard from $570.00 to $593.00 and gave the company an “overweight” rating in a report on Monday. Royal Bank of Canada increased their price objective on Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Compass Point started coverage on Mastercard in a research report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price objective for the company. Barclays upped their target price on Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Finally, Citigroup raised their price target on shares of Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Four analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $525.68.

Insiders Place Their Bets

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

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.