Nwam LLC grew its stake in Mastercard Incorporated (NYSE:MA – Free Report) by 18.3% during the 2nd quarter, Holdings Channel reports. The fund owned 5,892 shares of the credit services provider’s stock after acquiring an additional 912 shares during the period. Nwam LLC’s holdings in Mastercard were worth $3,026,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in MA. Robinswood Financial LLC acquired a new position in Mastercard in the 1st quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Mastercard by 820.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 41 shares during the last quarter. Strive Financial Group LLC purchased a new stake in shares of Mastercard during the fourth quarter worth about $27,000. Hyposwiss Advisors SA purchased a new stake in shares of Mastercard during the fourth quarter worth about $29,000. Finally, First Pacific Financial raised its position in shares of Mastercard by 113.8% in the first quarter. First Pacific Financial now owns 62 shares of the credit services provider’s stock valued at $31,000 after buying an additional 33 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.
Wall Street Analysts Forecast Growth
MA has been the topic of several recent analyst reports. Loop Capital reissued a “buy” rating and set a $631.00 price objective on shares of Mastercard in a research note on Wednesday, June 3rd. Wolfe Research boosted their price target on Mastercard from $680.00 to $740.00 and gave the company an “outperform” rating in a report on Tuesday, August 25th. Weiss Ratings raised Mastercard from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. The Goldman Sachs Group restated a “buy” rating and set a $701.00 price objective on shares of Mastercard in a report on Thursday, July 30th. Finally, Morgan Stanley lifted their price objective on Mastercard from $679.00 to $681.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $666.64.
Insiders Place Their Bets
In other Mastercard news, insider Linda Pistecchia Kirkpatrick sold 4,280 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $570.31, for a total transaction of $2,440,926.80. Following the completion of the sale, the insider owned 31,179 shares of the company’s stock, valued at approximately $17,781,695.49. The trade was a 12.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider J. Mehra Sachin sold 7,444 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $577.13, for a total value of $4,296,155.72. Following the sale, the insider owned 40,916 shares of the company’s stock, valued at $23,613,851.08. This represents a 15.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 71,357 shares of company stock worth $40,637,262. Corporate insiders own 0.09% of the company’s stock.
Mastercard Price Performance
Mastercard stock opened at $580.95 on Wednesday. Mastercard Incorporated has a 1 year low of $464.52 and a 1 year high of $601.62. The firm has a 50 day moving average price of $553.09 and a 200 day moving average price of $520.16. The company has a market cap of $508.92 billion, a price-to-earnings ratio of 31.96, a PEG ratio of 1.77 and a beta of 0.74. The company has a debt-to-equity ratio of 3.96, a quick ratio of 1.06 and a current ratio of 1.06.
Mastercard (NYSE:MA – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The credit services provider reported $5.04 earnings per share for the quarter, topping analysts’ consensus estimates of $4.77 by $0.27. The company had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.08 billion. Mastercard had a net margin of 46.34% and a return on equity of 239.99%. Mastercard’s revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the firm posted $4.15 earnings per share. Sell-side analysts predict that Mastercard Incorporated will post 19.86 earnings per share for the current year.
Mastercard Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Thursday, July 9th were issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Thursday, July 9th. Mastercard’s dividend payout ratio is presently 19.14%.
Mastercard Profile
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.
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