Fullcircle Wealth LLC Raises Position in Mastercard Incorporated (NYSE:MA)

Fullcircle Wealth LLC boosted its holdings in Mastercard Incorporated (NYSE:MA) by 1.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,223 shares of the credit services provider’s stock after buying an additional 34 shares during the period. Fullcircle Wealth LLC’s holdings in Mastercard were worth $1,638,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in shares of Mastercard by 7.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 13,319 shares of the credit services provider’s stock worth $6,577,000 after acquiring an additional 974 shares during the last quarter. Dash Acquisitions Inc. increased its position in shares of Mastercard by 6.9% during the third quarter. Dash Acquisitions Inc. now owns 44,632 shares of the credit services provider’s stock valued at $22,645,000 after buying an additional 2,877 shares during the period. Weatherly Asset Management L. P. grew its holdings in Mastercard by 3.2% in the third quarter. Weatherly Asset Management L. P. now owns 5,779 shares of the credit services provider’s stock worth $2,854,000 after purchasing an additional 180 shares during the period. Lowe Brockenbrough & Co. Inc. grew its holdings in Mastercard by 21.6% in the third quarter. Lowe Brockenbrough & Co. Inc. now owns 1,097 shares of the credit services provider’s stock worth $542,000 after purchasing an additional 195 shares during the period. Finally, Americana Partners LLC grew its holdings in Mastercard by 29.6% in the third quarter. Americana Partners LLC now owns 5,955 shares of the credit services provider’s stock worth $2,941,000 after purchasing an additional 1,360 shares during the period. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Trading Up 1.7 %

Shares of NYSE MA traded up $8.49 on Friday, reaching $508.08. 3,753,713 shares of the company traded hands, compared to its average volume of 2,450,197. The company has a 50 day moving average of $495.77 and a 200 day moving average of $466.84. The stock has a market capitalization of $469.38 billion, a PE ratio of 38.86, a P/E/G ratio of 2.27 and a beta of 1.10. Mastercard Incorporated has a fifty-two week low of $378.48 and a fifty-two week high of $527.90. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95.

Mastercard (NYSE:MA) last released its quarterly 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 during the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. Mastercard’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.39 EPS. On average, equities research analysts forecast that Mastercard Incorporated will post 14.33 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.52%. The ex-dividend date is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.18%.

Analyst Ratings Changes

A number of brokerages recently weighed in on MA. BMO Capital Markets restated an “outperform” rating and set a $520.00 price objective on shares of Mastercard in a research report on Wednesday, August 14th. KeyCorp raised their target price on shares of Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a research note on Friday. Barclays lifted their price objective on shares of Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Argus upgraded shares of Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. Finally, Mizuho lifted their price objective on shares of Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a report on Friday. Four research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $537.92.

Insiders Place Their Bets

In other news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s 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 directly owns 17,118 shares of the company’s stock, valued at $8,440,885.80. This trade represents 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 hyperlink. Also, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the sale, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 340,809 shares of company stock valued at $159,610,703 over the last three months. Company 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.