Fulcrum Capital LLC Buys 115 Shares of Mastercard Incorporated (NYSE:MA)

Fulcrum Capital LLC boosted its stake in shares of Mastercard Incorporated (NYSE:MA) by 0.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 29,495 shares of the credit services provider’s stock after buying an additional 115 shares during the period. Mastercard makes up approximately 3.2% of Fulcrum Capital LLC’s holdings, making the stock its 8th biggest holding. Fulcrum Capital LLC’s holdings in Mastercard were worth $14,565,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of MA. Palisade Asset Management LLC acquired a new stake in Mastercard during the 1st quarter worth approximately $27,000. Strategic Investment Solutions Inc. IL acquired a new stake in Mastercard during the 2nd quarter worth approximately $34,000. Fairway Wealth LLC acquired a new stake in Mastercard during the 2nd quarter worth approximately $35,000. Lowe Wealth Advisors LLC raised its holdings in Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after buying an additional 37 shares during the period. Finally, Valued Wealth Advisors LLC raised its holdings in Mastercard by 168.6% during the 1st quarter. Valued Wealth Advisors LLC now owns 94 shares of the credit services provider’s stock worth $45,000 after buying an additional 59 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mastercard

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at $7,363,085.66. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at $7,363,085.66. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Foundation Mastercard sold 119,000 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $468.46, for a total value of $55,746,740.00. Following the completion of the transaction, the insider now directly owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 340,809 shares of company stock valued at $159,610,703. 0.10% of the stock is currently owned by corporate insiders.

Mastercard Trading Up 0.1 %

Shares of Mastercard stock opened at $513.73 on Thursday. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $518.82. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $477.57 billion, a price-to-earnings ratio of 40.84, a P/E/G ratio of 2.22 and a beta of 1.10. The business has a fifty day simple moving average of $490.23 and a two-hundred day simple moving average of $464.93.

Mastercard (NYSE:MA) last posted its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $3.51 by $0.08. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The company had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.85 billion. Research analysts forecast that Mastercard Incorporated will post 14.3 EPS for the current year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio is currently 20.99%.

Wall Street Analysts Forecast Growth

MA has been the subject of several research reports. Piper Sandler raised their price target on shares of Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. raised their price target on shares of Mastercard from $570.00 to $593.00 and gave the stock an “overweight” rating in a research note on Monday. TD Cowen raised their price target on shares of Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. KeyCorp raised their price target on shares of Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Finally, William Blair raised shares of Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and an average price target of $525.68.

About Mastercard

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.