WealthShield Partners LLC Boosts Stock Holdings in Mastercard Incorporated $MA

WealthShield Partners LLC raised its position in Mastercard Incorporated (NYSE:MA) by 4.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,797 shares of the credit services provider’s stock after buying an additional 156 shares during the quarter. WealthShield Partners LLC’s holdings in Mastercard were worth $2,134,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LGT Financial Advisors LLC bought a new position in Mastercard in the 2nd quarter valued at $25,000. Family Legacy Financial Solutions LLC purchased a new position in shares of Mastercard in the second quarter worth about $26,000. Flaharty Asset Management LLC bought a new position in Mastercard during the 1st quarter worth approximately $27,000. Keystone Global Partners LLC purchased a new position in shares of Mastercard in the first quarter worth $31,000. Finally, IMG Wealth Management Inc. purchased a new position in shares of Mastercard in the second quarter valued at about $31,000. Institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on MA shares. Royal Bank Of Canada increased their target price on shares of Mastercard from $645.00 to $654.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Wells Fargo & Company cut their price objective on Mastercard from $669.00 to $660.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. TD Cowen reissued a “buy” rating and set a $645.00 target price on shares of Mastercard in a research note on Monday, August 11th. Truist Financial cut their price target on shares of Mastercard from $638.00 to $630.00 and set a “buy” rating on the stock in a report on Tuesday, November 4th. Finally, Macquarie boosted their price objective on shares of Mastercard from $655.00 to $660.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Four analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $652.50.

Insider Activity

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of Mastercard stock in a transaction on 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 completion of the transaction, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,330,922.26. The trade was a 36.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.09% of the company’s stock.

Mastercard Stock Performance

Shares of Mastercard stock opened at $545.31 on Friday. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The firm has a market capitalization of $489.68 billion, a P/E ratio of 36.77, a P/E/G ratio of 2.27 and a beta of 0.92. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The business has a fifty day simple moving average of $568.49 and a two-hundred day simple moving average of $569.72.

Mastercard (NYSE:MA) last released its earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm had revenue of $8.60 billion for the quarter, compared to the consensus estimate of $8.53 billion. During the same period in the prior year, the firm earned $3.89 EPS. The company’s revenue was up 16.7% compared to the same quarter last year. On average, equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Thursday, October 9th were issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 19.44%.

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.