OneAscent Wealth Management LLC Has $840,000 Stock Holdings in Mastercard Incorporated (NYSE:MA)

OneAscent Wealth Management LLC boosted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 3.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,701 shares of the credit services provider’s stock after buying an additional 61 shares during the period. OneAscent Wealth Management LLC’s holdings in Mastercard were worth $840,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of MA. Goldstein Advisors LLC grew its holdings in shares of Mastercard by 1.3% in the 3rd quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock valued at $749,000 after acquiring an additional 20 shares in the last quarter. McLean Asset Management Corp grew its holdings in shares of Mastercard by 1.3% in the 3rd quarter. McLean Asset Management Corp now owns 1,677 shares of the credit services provider’s stock valued at $834,000 after acquiring an additional 21 shares in the last quarter. Oldfather Financial Services LLC grew its holdings in shares of Mastercard by 2.6% in the 3rd quarter. Oldfather Financial Services LLC now owns 827 shares of the credit services provider’s stock valued at $408,000 after acquiring an additional 21 shares in the last quarter. Transcendent Capital Group LLC grew its holdings in shares of Mastercard by 4.8% in the 3rd quarter. Transcendent Capital Group LLC now owns 455 shares of the credit services provider’s stock valued at $225,000 after acquiring an additional 21 shares in the last quarter. Finally, Guerra Pan Advisors LLC grew its holdings in shares of Mastercard by 1.7% in the 3rd quarter. Guerra Pan Advisors LLC now owns 1,225 shares of the credit services provider’s stock valued at $605,000 after acquiring an additional 21 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Price Performance

MA traded down $0.74 during trading on Monday, hitting $521.15. 290,831 shares of the stock traded hands, compared to its average volume of 2,442,134. The business has a 50 day moving average price of $504.09 and a 200 day moving average price of $471.38. The company has a market cap of $478.33 billion, a price-to-earnings ratio of 39.48, a PEG ratio of 2.28 and a beta of 1.10. Mastercard Incorporated has a twelve month low of $398.26 and a twelve month high of $534.03. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. The firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The company’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.39 earnings per share. Equities research analysts forecast that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were paid a dividend of $0.66 per share. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.51%. Mastercard’s payout ratio is presently 19.97%.

Insiders Place Their Bets

In related news, major shareholder Foundation Mastercard sold 90,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total value of $42,192,000.00. Following the sale, the insider now owns 91,649,308 shares of the company’s stock, valued at $42,965,195,590.40. The trade was a 0.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the sale, the chief marketing officer now directly owns 15,031 shares in the company, valued at approximately $7,363,085.66. This represents a 23.76 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 99,370 shares of company stock valued at $46,797,168. 0.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MA. BMO Capital Markets lifted their price target on Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a report on Thursday. Oppenheimer initiated coverage on Mastercard in a report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 price target for the company. TD Cowen lifted their price target on Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a report on Friday. William Blair upgraded Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, Argus upgraded Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. Four analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $549.16.

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.