Mastercard Incorporated (NYSE:MA) Shares Acquired by Nova R Wealth Inc.

Nova R Wealth Inc. increased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 6.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,643 shares of the credit services provider’s stock after purchasing an additional 102 shares during the quarter. Nova R Wealth Inc.’s holdings in Mastercard were worth $900,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Mastercard by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider’s stock worth $40,640,219,000 after buying an additional 377,302 shares during the last quarter. FMR LLC grew its position in shares of Mastercard by 4.3% in the 4th quarter. FMR LLC now owns 22,267,937 shares of the credit services provider’s stock valued at $11,725,627,000 after buying an additional 912,856 shares during the last quarter. Geode Capital Management LLC raised its stake in Mastercard by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider’s stock worth $9,800,202,000 after acquiring an additional 282,739 shares in the last quarter. Norges Bank purchased a new stake in Mastercard in the fourth quarter valued at $6,022,224,000. Finally, Wellington Management Group LLP lifted its position in Mastercard by 9.1% in the fourth quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider’s stock valued at $5,139,713,000 after acquiring an additional 817,836 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Down 1.3%

MA opened at $550.02 on Thursday. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $594.71. The stock has a market capitalization of $501.46 billion, a P/E ratio of 38.57, a P/E/G ratio of 2.43 and a beta of 1.05. The business has a 50 day simple moving average of $561.86 and a 200-day simple moving average of $545.04.

Mastercard (NYSE:MA) last released its earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating analysts’ consensus estimates of $3.57 by $0.16. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The company had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter last year, the company earned $3.31 earnings per share. Mastercard’s quarterly revenue was up 14.2% compared to the same quarter last year. On average, equities analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Wednesday, July 9th. Mastercard’s dividend payout ratio is currently 21.32%.

Analyst Ratings Changes

A number of analysts have recently commented on MA shares. Macquarie cut their target price on Mastercard from $645.00 to $610.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. The Goldman Sachs Group restated a “buy” rating and set a $633.00 price target on shares of Mastercard in a research note on Wednesday, April 2nd. Truist Financial began coverage on Mastercard in a research report on Monday, June 2nd. They set a “buy” rating and a $640.00 price target on the stock. Wall Street Zen downgraded Mastercard from a “buy” rating to a “hold” rating in a report on Saturday, June 14th. Finally, Monness Crespi & Hardt lowered shares of Mastercard from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 9th. Seven investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $610.00.

Insiders Place Their Bets

In other Mastercard news, insider Craig Vosburg sold 9,428 shares of the business’s stock in a transaction on Friday, June 20th. The stock was sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the sale, the insider now directly owns 58,451 shares in the company, valued at approximately $20,636,125.55. The trade was a 13.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sandra A. Arkell sold 150 shares of the company’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $580.00, for a total value of $87,000.00. Following the completion of the sale, the insider now directly owns 3,255 shares in the company, valued at $1,887,900. This trade represents a 4.41% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,115 shares of company stock worth $18,324,718. 0.09% of the stock is owned by company insiders.

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.