3,962 Shares in Mastercard Incorporated (NYSE:MA) Purchased by Brophy Wealth Management LLC

Brophy Wealth Management LLC acquired a new stake in shares of Mastercard Incorporated (NYSE:MA) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,962 shares of the credit services provider’s stock, valued at approximately $1,956,000. Mastercard makes up about 0.7% of Brophy Wealth Management LLC’s holdings, making the stock its 28th biggest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Conway Capital Management Inc. acquired a new position in Mastercard in the 3rd quarter worth approximately $9,889,000. Resources Management Corp CT ADV boosted its position in shares of Mastercard by 19.0% in the third quarter. Resources Management Corp CT ADV now owns 4,108 shares of the credit services provider’s stock worth $2,029,000 after buying an additional 657 shares during the period. Marshfield Associates grew its holdings in shares of Mastercard by 0.6% during the third quarter. Marshfield Associates now owns 551,916 shares of the credit services provider’s stock valued at $272,536,000 after buying an additional 3,170 shares in the last quarter. Executive Wealth Management LLC raised its position in Mastercard by 0.6% during the third quarter. Executive Wealth Management LLC now owns 14,462 shares of the credit services provider’s stock valued at $7,141,000 after buying an additional 93 shares during the period. Finally, Guardian Wealth Management Inc. lifted its stake in Mastercard by 1.5% in the 3rd quarter. Guardian Wealth Management Inc. now owns 4,129 shares of the credit services provider’s stock worth $2,039,000 after acquiring an additional 62 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Down 1.1 %

MA stock opened at $522.82 on Tuesday. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. The company has a 50-day moving average of $514.42 and a two-hundred day moving average of $479.31. The stock has a market capitalization of $479.86 billion, a price-to-earnings ratio of 39.55, a price-to-earnings-growth ratio of 2.35 and a beta of 1.10. Mastercard Incorporated has a 52-week low of $411.60 and a 52-week high of $535.77.

Mastercard (NYSE:MA) last released its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating 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 return on equity of 178.27% and a net margin of 45.26%. The company’s revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the firm posted $3.39 EPS. As a group, equities research analysts anticipate that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is currently 19.97%.

Insider Activity at Mastercard

In related 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 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 21.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MA shares. Macquarie lifted their target price on Mastercard from $505.00 to $565.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Piper Sandler reiterated an “overweight” rating and issued a $575.00 price objective (up previously from $565.00) on shares of Mastercard in a research note on Friday, November 15th. Morgan Stanley lifted their target price on shares of Mastercard from $544.00 to $564.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. BMO Capital Markets upped their price target on shares of Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Finally, Barclays increased their price objective on Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Four research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $559.28.

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.