Mastercard Incorporated $MA Shares Acquired by Nwam LLC

Nwam LLC increased its stake in shares of Mastercard Incorporated (NYSE:MA) by 18.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,892 shares of the credit services provider’s stock after buying an additional 912 shares during the quarter. Nwam LLC’s holdings in Mastercard were worth $3,026,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Robinswood Financial LLC acquired a new position in shares of Mastercard in the first quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Mastercard by 820.0% during the fourth 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 period. Strive Financial Group LLC acquired a new stake in shares of Mastercard during the fourth quarter worth $27,000. Hyposwiss Advisors SA purchased a new position in Mastercard in the 4th quarter valued at $29,000. Finally, First Pacific Financial grew its position in Mastercard by 113.8% in the 1st 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.

Analysts Set New Price Targets

MA has been the subject of a number of analyst reports. The Goldman Sachs Group restated a “buy” rating and set a $701.00 price objective on shares of Mastercard in a research report on Thursday, July 30th. Dbs Bank raised shares of Mastercard to a “moderate buy” rating in a report on Friday, August 21st. KeyCorp boosted their price target on shares of Mastercard from $670.00 to $680.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. TD Cowen increased their price target on shares of Mastercard from $664.00 to $667.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, Royal Bank Of Canada raised their price objective on shares of Mastercard from $642.00 to $696.00 and gave the company an “outperform” rating in a research report on Monday. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $666.64.

Insider Activity

In other news, insider J. Mehra Sachin sold 1,000 shares of Mastercard stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $572.07, for a total transaction of $572,070.00. Following the completion of the sale, the insider directly owned 39,916 shares in the company, valued at approximately $22,834,746.12. This trade represents a 2.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Raj Seshadri sold 1,977 shares of Mastercard stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $529.73, for a total value of $1,047,276.21. Following the transaction, the insider directly owned 16,429 shares of the company’s stock, valued at approximately $8,702,934.17. This represents a 10.74% 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. Insiders have sold 71,357 shares of company stock valued at $40,637,262 in the last quarter. Insiders own 0.09% of the company’s stock.

Mastercard Trading Down 1.4%

NYSE:MA 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 company has a debt-to-equity ratio of 3.96, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a fifty day moving average price of $553.09 and a two-hundred day moving average price of $520.16. The stock has a market capitalization of $508.92 billion, a price-to-earnings ratio of 31.96, a PEG ratio of 1.77 and a beta of 0.74.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, July 30th. The credit services provider reported $5.04 EPS for the quarter, topping the consensus estimate of $4.77 by $0.27. Mastercard had a net margin of 46.34% and a return on equity of 239.99%. The company had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.08 billion. During the same period in the previous year, the firm earned $4.15 EPS. The business’s revenue was up 14.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Mastercard Incorporated will post 19.86 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Thursday, July 9th were issued a dividend of $0.87 per share. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $3.48 dividend on an annualized basis and a yield of 0.6%. Mastercard’s payout ratio is currently 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.