Core Wealth Partners LLC Increases Stake in Mastercard Incorporated (NYSE:MA)

Core Wealth Partners LLC lifted its stake in Mastercard Incorporated (NYSE:MA) by 23.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,191 shares of the credit services provider’s stock after buying an additional 228 shares during the quarter. Core Wealth Partners LLC’s holdings in Mastercard were worth $653,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MA. GAMMA Investing LLC grew its position in shares of Mastercard by 65,631.5% during the first quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider’s stock valued at $4,508,636,000 after purchasing an additional 8,213,123 shares in the last quarter. Nuveen LLC purchased a new position in Mastercard during the 1st quarter valued at approximately $4,238,764,000. Northern Trust Corp increased its stake in Mastercard by 15.2% in the 4th quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider’s stock worth $4,817,684,000 after acquiring an additional 1,207,787 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Mastercard during the 4th quarter worth approximately $561,313,000. Finally, Demars Financial Group LLC raised its holdings in shares of Mastercard by 50,438.6% during the 4th quarter. Demars Financial Group LLC now owns 981,460 shares of the credit services provider’s stock worth $516,807,000 after acquiring an additional 979,518 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling

In other news, insider Craig Vosburg sold 14,051 shares of the firm’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $585.05, for a total value of $8,220,537.55. Following the sale, the insider directly owned 58,451 shares in the company, valued at approximately $34,196,757.55. This trade represents a 19.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Raj Seshadri sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $546.77, for a total transaction of $601,447.00. Following the transaction, the insider owned 12,921 shares of the company’s stock, valued at approximately $7,064,815.17. This trade represents a 7.85% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,453 shares of company stock valued at $20,178,667. 0.09% of the stock is currently owned by insiders.

Mastercard Price Performance

Shares of MA stock opened at $573.72 on Tuesday. The stock has a market capitalization of $518.65 billion, a price-to-earnings ratio of 38.69, a P/E/G ratio of 2.36 and a beta of 1.03. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a twelve month low of $453.89 and a twelve month high of $594.71. The stock has a fifty day simple moving average of $563.76 and a two-hundred day simple moving average of $553.84.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating analysts’ consensus estimates of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. During the same quarter last year, the firm posted $3.50 EPS. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. On average, analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th were given a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, July 9th. Mastercard’s payout ratio is presently 20.50%.

Wall Street Analyst Weigh In

MA has been the subject of a number of recent research reports. Wolfe Research set a $655.00 target price on shares of Mastercard in a report on Monday, June 23rd. Truist Financial dropped their price objective on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a research note on Thursday, July 17th. Seaport Res Ptn upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. Wells Fargo & Company increased their price target on shares of Mastercard from $625.00 to $650.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft started coverage on Mastercard in a research note on Thursday, July 17th. They set a “buy” rating and a $650.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $615.33.

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.