America First Investment Advisors LLC Increases Holdings in Mastercard Incorporated (NYSE:MA)

America First Investment Advisors LLC boosted its stake in shares of Mastercard Incorporated (NYSE:MA) by 0.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,362 shares of the credit services provider’s stock after purchasing an additional 289 shares during the period. Mastercard comprises about 5.0% of America First Investment Advisors LLC’s investment portfolio, making the stock its 10th biggest position. America First Investment Advisors LLC’s holdings in Mastercard were worth $22,400,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of MA. Highline Wealth Partners LLC bought a new stake in shares of Mastercard during the 3rd quarter valued at $25,000. Strategic Investment Solutions Inc. IL purchased a new stake in Mastercard in the 2nd quarter worth $34,000. First Personal Financial Services bought a new stake in Mastercard during the third quarter valued at about $39,000. Fairway Wealth LLC purchased a new position in shares of Mastercard in the second quarter valued at about $35,000. Finally, Lowe Wealth Advisors LLC boosted its stake in shares of Mastercard by 74.0% in the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after acquiring an additional 37 shares during the period. Institutional investors own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction that occurred 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 completion of the sale, the chief marketing officer now directly owns 17,118 shares in the company, valued at $8,440,885.80. This trade represents a 21.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.10% of the company’s stock.

Mastercard Price Performance

MA stock opened at $512.54 on Thursday. The stock has a market cap of $470.42 billion, a PE ratio of 38.77, a P/E/G ratio of 2.31 and a beta of 1.10. Mastercard Incorporated has a 12 month low of $404.32 and a 12 month high of $534.03. The company has a 50-day moving average price of $505.90 and a 200 day moving average price of $472.76. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.73 by $0.16. The business had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the firm earned $3.39 earnings per share. Equities research analysts anticipate that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were paid a $0.66 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.52%. Mastercard’s dividend payout ratio (DPR) is 19.97%.

Analyst Ratings Changes

MA has been the topic of several recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $572.00 target price on shares of Mastercard in a research note on Thursday, November 14th. William Blair upgraded shares of Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. dropped their target price on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Bank of America lifted their price target on shares of Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $575.00 price target (up previously from $565.00) on shares of Mastercard in a research note on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and a consensus target price of $549.16.

Mastercard 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.