Mastercard Incorporated (NYSE:MA) Position Increased by Motive Wealth Advisors

Motive Wealth Advisors raised its holdings in shares of Mastercard Incorporated (NYSE:MA) by 64.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 851 shares of the credit services provider’s stock after purchasing an additional 332 shares during the period. Motive Wealth Advisors’ holdings in Mastercard were worth $410,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Westend Capital Management LLC bought a new stake in Mastercard during the first quarter valued at $27,000. Palisade Asset Management LLC bought a new stake in Mastercard during the first quarter valued at $27,000. VitalStone Financial LLC increased its stake in Mastercard by 300.0% during the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 45 shares during the last quarter. Altshuler Shaham Ltd bought a new position in shares of Mastercard during the fourth quarter worth about $26,000. Finally, LFA Lugano Financial Advisors SA bought a new position in shares of Mastercard during the fourth quarter worth about $27,000. Institutional investors own 97.28% of the company’s stock.

Insider Activity

In related news, major shareholder Foundation Mastercard sold 110,000 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $441.43, for a total value of $48,557,300.00. Following the transaction, the insider now owns 94,014,308 shares in the company, valued at $41,500,735,980.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, major shareholder Foundation Mastercard sold 110,000 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $441.43, for a total value of $48,557,300.00. Following the transaction, the insider now owns 94,014,308 shares in the company, valued at $41,500,735,980.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Craig Vosburg sold 9,028 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $447.28, for a total value of $4,038,043.84. Following the completion of the transaction, the insider now owns 58,940 shares in the company, valued at approximately $26,362,683.20. The disclosure for this sale can be found here. Insiders have sold 3,163,228 shares of company stock worth $1,428,540,870 in the last 90 days. Company insiders own 0.10% of the company’s stock.

Mastercard Trading Up 0.8 %

MA stock traded up $3.65 during mid-day trading on Friday, reaching $440.07. 2,645,605 shares of the stock traded hands, compared to its average volume of 2,485,778. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week high of $490.00. The company has a market cap of $409.09 billion, a P/E ratio of 34.98, a P/E/G ratio of 1.69 and a beta of 1.09. The stock’s fifty day moving average is $449.25 and its 200-day moving average is $454.31.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The company had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. During the same period in the prior year, the firm earned $2.80 earnings per share. The business’s quarterly revenue was up 10.4% on a year-over-year basis. As a group, sell-side analysts expect that Mastercard Incorporated will post 14.26 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be issued a $0.66 dividend. The ex-dividend date is Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.60%. Mastercard’s dividend payout ratio is 20.99%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MA. TD Cowen began coverage on shares of Mastercard in a research report on Thursday, April 11th. They set a “buy” rating and a $545.00 price target for the company. Morgan Stanley lowered their price target on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Barclays lowered their price target on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a research report on Monday, May 6th. Bank of America lowered shares of Mastercard from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $505.00 to $480.00 in a research report on Wednesday. Finally, Mizuho lowered their price target on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Three research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $498.57.

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.