Wheelhouse Advisory Group LLC Buys 56 Shares of Mastercard Incorporated $MA

Wheelhouse Advisory Group LLC raised its stake in shares of Mastercard Incorporated (NYSE:MA) by 4.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,336 shares of the credit services provider’s stock after purchasing an additional 56 shares during the period. Mastercard accounts for about 0.4% of Wheelhouse Advisory Group LLC’s investment portfolio, making the stock its 24th biggest holding. Wheelhouse Advisory Group LLC’s holdings in Mastercard were worth $751,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in MA. Kingstone Capital Partners Texas LLC purchased a new position in shares of Mastercard in the second quarter valued at about $11,421,213,000. Nuveen LLC purchased a new position in shares of Mastercard in the first quarter valued at about $4,238,764,000. Wellington Management Group LLP lifted its position in shares of Mastercard by 38.6% in the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock valued at $7,413,936,000 after acquiring an additional 3,765,378 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Mastercard by 3,493.6% in the second quarter. Assenagon Asset Management S.A. now owns 934,110 shares of the credit services provider’s stock valued at $524,914,000 after acquiring an additional 908,116 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Mastercard by 4.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock valued at $11,015,557,000 after acquiring an additional 907,184 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Trading Up 0.1%

Shares of MA stock opened at $579.24 on Wednesday. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The stock’s 50 day simple moving average is $580.78 and its two-hundred day simple moving average is $562.45. The company has a market cap of $523.64 billion, a PE ratio of 39.06, a price-to-earnings-growth ratio of 2.37 and a beta of 0.97.

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

Mastercard Dividend Announcement

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

Insider Buying and Selling at Mastercard

In other news, CFO J. Mehra Sachin sold 17,263 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total value of $10,202,433.00. Following the sale, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,459,294. This represents a 35.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

MA has been the subject of a number of research reports. The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a research note on Friday, August 1st. KeyCorp increased their price target on Mastercard from $635.00 to $660.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Royal Bank Of Canada increased their price target on Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Wells Fargo & Company increased their price target on Mastercard from $625.00 to $650.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Mastercard in a research note on Thursday, July 17th. They set a “buy” rating and a $650.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Mastercard currently has an average rating of “Buy” and a consensus price target of $634.04.

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.