368 Shares in Mastercard Incorporated $MA Acquired by Wiser Wealth Management Inc

Wiser Wealth Management Inc bought a new stake in Mastercard Incorporated (NYSE:MA) in the 2nd quarter, Holdings Channel.com reports. The fund bought 368 shares of the credit services provider’s stock, valued at approximately $207,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MA. Family Legacy Financial Solutions LLC bought a new position in shares of Mastercard during the 2nd quarter valued at about $26,000. Flaharty Asset Management LLC bought a new position in Mastercard in the first quarter valued at approximately $27,000. Keystone Global Partners LLC acquired a new position in shares of Mastercard in the first quarter valued at approximately $31,000. Hughes Financial Services LLC bought a new stake in shares of Mastercard during the first quarter worth $34,000. Finally, 1 North Wealth Services LLC acquired a new stake in shares of Mastercard during the first quarter worth $44,000. 97.28% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Mastercard news, Director Julius Genachowski sold 312 shares of the company’s stock in a transaction on Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the transaction, the director directly owned 8,469 shares in the company, valued at $4,833,004.23. The trade was a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO J. Mehra Sachin sold 17,816 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the sale, the chief financial officer owned 31,234 shares of the company’s stock, valued at approximately $18,330,922.26. This represents a 36.32% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,391 shares of company stock valued at $20,836,514. Company insiders own 0.09% of the company’s stock.

Mastercard Stock Up 1.0%

Shares of MA stock opened at $574.40 on Thursday. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The stock has a market cap of $519.26 billion, a price-to-earnings ratio of 38.73, a PEG ratio of 2.33 and a beta of 0.97. The firm’s 50-day moving average is $579.73 and its 200-day moving average is $561.01. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, topping analysts’ consensus estimates of $4.05 by $0.10. The firm had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.50 earnings per share. Sell-side analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 annualized dividend and a yield of 0.5%. Mastercard’s dividend payout ratio (DPR) is currently 20.50%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of Mastercard from $625.00 to $650.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Royal Bank Of Canada increased their price objective on Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Mastercard in a report on Thursday, July 17th. They issued a “buy” rating and a $650.00 price objective on the stock. TD Cowen reaffirmed a “buy” rating and issued a $645.00 target price on shares of Mastercard in a research report on Monday, August 11th. Finally, KeyCorp boosted their price target on shares of Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Mastercard has an average rating of “Buy” and a consensus price target of $630.89.

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.