Meridian Wealth Management LLC Acquires 1,329 Shares of Mastercard Incorporated $MA

Meridian Wealth Management LLC lifted its position in shares of Mastercard Incorporated (NYSE:MAFree Report) by 8.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,240 shares of the credit services provider’s stock after purchasing an additional 1,329 shares during the quarter. Meridian Wealth Management LLC’s holdings in Mastercard were worth $9,842,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC raised its stake in Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after buying an additional 2,028 shares during the period. Schnieders Capital Management LLC. raised its stake in Mastercard by 8.5% during the 2nd quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider’s stock worth $1,432,000 after buying an additional 200 shares during the period. Betterment LLC raised its stake in Mastercard by 6.5% during the 2nd quarter. Betterment LLC now owns 947 shares of the credit services provider’s stock worth $532,000 after buying an additional 58 shares during the period. Worldquant Millennium Advisors LLC raised its stake in Mastercard by 35.8% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 677,204 shares of the credit services provider’s stock worth $380,548,000 after buying an additional 178,387 shares during the period. Finally, Darwin Wealth Management LLC acquired a new stake in Mastercard during the 2nd quarter worth $431,000. 97.28% of the stock is owned by institutional investors.

Mastercard Price Performance

Mastercard stock opened at $497.95 on Tuesday. The stock’s fifty day moving average price is $505.52 and its two-hundred day moving average price is $533.53. Mastercard Incorporated has a one year low of $480.50 and a one year high of $601.77. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market cap of $439.98 billion, a PE ratio of 28.82, a price-to-earnings-growth ratio of 1.55 and a beta of 0.76.

Mastercard (NYSE:MAGet Free Report) last announced its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, topping the consensus estimate of $4.41 by $0.19. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The business had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.26 billion. During the same period in the prior year, the company earned $3.73 EPS. Mastercard’s revenue for the quarter was up 15.8% on a year-over-year basis. As a group, research analysts expect that Mastercard Incorporated will post 19.58 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on MA shares. Raymond James Financial set a $609.00 price objective on Mastercard in a research note on Friday, May 1st. Royal Bank Of Canada cut their price target on shares of Mastercard from $656.00 to $629.00 and set an “outperform” rating on the stock in a research note on Friday, May 1st. Susquehanna cut their price target on shares of Mastercard from $670.00 to $665.00 and set a “positive” rating on the stock in a research note on Friday, May 1st. Wells Fargo & Company lifted their price target on shares of Mastercard from $660.00 to $668.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Finally, Compass Point raised shares of Mastercard from a “neutral” rating to a “buy” rating and lifted their price target for the company from $620.00 to $735.00 in a research note on Tuesday, January 13th. Six research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $657.07.

Check Out Our Latest Stock Analysis on Mastercard

Mastercard Profile

(Free Report)

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.

Further Reading

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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