Wealth Architects LLC Boosts Holdings in Mastercard Incorporated (NYSE:MA)

Wealth Architects LLC boosted its holdings in Mastercard Incorporated (NYSE:MA) by 2.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,517 shares of the credit services provider’s stock after purchasing an additional 39 shares during the quarter. Wealth Architects LLC’s holdings in Mastercard were worth $749,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Highline Wealth Partners LLC purchased a new position in Mastercard during the third quarter valued at $25,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Mastercard during the second quarter valued at about $34,000. Fairway Wealth LLC bought a new stake in shares of Mastercard in the second quarter worth about $35,000. Lowe Wealth Advisors LLC increased its stake in Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after acquiring an additional 37 shares during the last quarter. Finally, VitalStone Financial LLC increased its position in Mastercard by 55.0% in the first quarter. VitalStone Financial LLC now owns 93 shares of the credit services provider’s stock worth $45,000 after purchasing an additional 33 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on MA shares. Compass Point started coverage on shares of Mastercard in a report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price target for the company. Citigroup lifted their price objective on shares of Mastercard from $566.00 to $572.00 and gave the stock a “buy” rating in a research note on Monday. TD Cowen increased their price objective on shares of Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. dropped their target price on Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Finally, Royal Bank of Canada upped their price target on shares of Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $540.17.

Insider Activity at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the sale, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the completion of the sale, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 sale, the insider now owns 92,033,308 shares in the company, valued at approximately $43,113,923,465.68. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 327,370 shares of company stock valued at $153,495,958 in the last three months. 0.10% of the stock is owned by insiders.

Mastercard Price Performance

Shares of MA opened at $521.13 on Thursday. The company has a 50 day moving average of $498.11 and a two-hundred day moving average of $468.02. The company has a market cap of $481.44 billion, a price-to-earnings ratio of 39.42, a price-to-earnings-growth ratio of 2.21 and a beta of 1.10. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a twelve month low of $384.30 and a twelve month high of $527.90.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. During the same period in the previous year, the business earned $3.39 EPS. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. As a group, analysts predict that Mastercard Incorporated will post 14.45 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.51%. Mastercard’s dividend payout ratio (DPR) is currently 19.97%.

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.