MOKAN Wealth Management Inc. Raises Stock Holdings in Mastercard Incorporated $MA

MOKAN Wealth Management Inc. boosted its holdings in Mastercard Incorporated (NYSE:MA) by 6.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,526 shares of the credit services provider’s stock after purchasing an additional 149 shares during the period. MOKAN Wealth Management Inc.’s holdings in Mastercard were worth $1,417,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Family Legacy Financial Solutions LLC bought a new position in Mastercard during the 2nd quarter worth approximately $26,000. Flaharty Asset Management LLC bought a new position in Mastercard during the 1st quarter worth approximately $27,000. Keystone Global Partners LLC bought a new position in Mastercard during the 1st quarter worth approximately $31,000. Hughes Financial Services LLC bought a new position in Mastercard during the 1st quarter worth approximately $34,000. Finally, 1 North Wealth Services LLC bought a new position in Mastercard during the 1st quarter worth approximately $44,000. Institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling

In related news, CFO J. Mehra Sachin sold 17,263 shares of the firm’s 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 $18,459,294. This trade represents a 35.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

Mastercard Stock Down 1.4%

MA opened at $556.80 on Monday. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month 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 has a market cap of $503.35 billion, a P/E ratio of 37.55, a P/E/G ratio of 2.28 and a beta of 0.97. The stock’s 50 day moving average price is $581.01 and its 200 day moving average price is $562.90.

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

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is currently 20.50%.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of research analyst reports. Wolfe Research set a $655.00 target price on Mastercard in a report on Monday, June 23rd. Robert W. Baird raised their price target on Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a report on Wednesday, October 8th. TD Cowen reissued a “buy” rating and issued a $645.00 price target on shares of Mastercard in a report on Monday, August 11th. Finally, Seaport Res Ptn raised Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned 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 an average 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.