MWA Asset Management Has $978,000 Stock Holdings in Mastercard Incorporated (NYSE:MA)

MWA Asset Management raised its stake in Mastercard Incorporated (NYSE:MA) by 2.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,980 shares of the credit services provider’s stock after purchasing an additional 39 shares during the period. MWA Asset Management’s holdings in Mastercard were worth $978,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. boosted its holdings in shares of Mastercard by 46.4% during the first quarter. China Universal Asset Management Co. Ltd. now owns 14,785 shares of the credit services provider’s stock worth $7,120,000 after acquiring an additional 4,685 shares during the period. Wellington Wealth Strategies LLC. grew its holdings in Mastercard by 31.3% in the 1st quarter. Wellington Wealth Strategies LLC. now owns 1,098 shares of the credit services provider’s stock valued at $529,000 after buying an additional 262 shares in the last quarter. Advisors Asset Management Inc. increased its position in Mastercard by 2.1% during the 1st quarter. Advisors Asset Management Inc. now owns 115,639 shares of the credit services provider’s stock worth $55,688,000 after buying an additional 2,412 shares during the period. First Commonwealth Financial Corp PA boosted its position in shares of Mastercard by 2.8% in the first quarter. First Commonwealth Financial Corp PA now owns 1,590 shares of the credit services provider’s stock valued at $766,000 after acquiring an additional 43 shares during the period. Finally, Cadence Bank raised its stake in Mastercard by 4.4% in the 1st quarter. Cadence Bank now owns 11,702 shares of the credit services provider’s stock worth $5,636,000 after purchasing an additional 497 shares in the last quarter. 97.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on MA shares. Piper Sandler reaffirmed an “overweight” rating and set a $575.00 target price (up from $565.00) on shares of Mastercard in a report on Friday, November 15th. Barclays raised their price objective on Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Citigroup upped their target price on Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a research report on Monday, November 4th. TD Cowen increased their target price on Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, KeyCorp boosted their price target on Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Four research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $549.16.

Mastercard Stock Performance

NYSE:MA opened at $519.47 on Wednesday. The stock’s 50-day moving average is $505.41 and its 200-day moving average is $472.48. Mastercard Incorporated has a 1-year low of $398.26 and a 1-year high of $534.03. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. The stock has a market cap of $476.79 billion, a P/E ratio of 39.29, a price-to-earnings-growth ratio of 2.32 and a beta of 1.10.

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 analyst estimates of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.39 EPS. Equities research analysts anticipate that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Dividend Announcement

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

Insider Buying and Selling

In other Mastercard news, major shareholder Foundation Mastercard sold 90,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the completion of the transaction, the insider now owns 91,649,308 shares in the company, valued at approximately $42,965,195,590.40. This trade represents a 0.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction on 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 sale, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This trade represents a 21.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 99,370 shares of company stock valued at $46,797,168 in the last three months. Insiders own 0.10% of the company’s stock.

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.