Mastercard Incorporated (NYSE:MA) Shares Purchased by Elwood & Goetz Wealth Advisory Group LLC

Elwood & Goetz Wealth Advisory Group LLC increased its holdings in Mastercard Incorporated (NYSE:MA) by 7.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 519 shares of the credit services provider’s stock after buying an additional 37 shares during the period. Elwood & Goetz Wealth Advisory Group LLC’s holdings in Mastercard were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Palisade Asset Management LLC acquired a new stake in shares of Mastercard in the first quarter worth $27,000. Strategic Investment Solutions Inc. IL purchased a new stake in Mastercard in the second quarter valued at $34,000. Fairway Wealth LLC acquired a new stake in Mastercard during the 2nd quarter worth about $35,000. Lowe Wealth Advisors LLC raised its stake in shares of Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after buying an additional 37 shares during the last quarter. Finally, Valued Wealth Advisors LLC lifted its holdings in shares of Mastercard by 168.6% in the 1st quarter. Valued Wealth Advisors LLC now owns 94 shares of the credit services provider’s stock valued at $45,000 after buying an additional 59 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Trading Down 0.6 %

Shares of MA stock opened at $507.36 on Friday. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $518.82. The firm has a market capitalization of $471.65 billion, a P/E ratio of 40.33, a PEG ratio of 2.27 and a beta of 1.10. The stock’s fifty day moving average is $491.84 and its two-hundred day moving average is $465.44. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.08. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The firm had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.85 billion. Research analysts expect that Mastercard Incorporated will post 14.32 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be given a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.52%. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Analyst Upgrades and Downgrades

Several research firms recently commented on MA. Oppenheimer began coverage on Mastercard in a report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 target price on the stock. BNP Paribas cut shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective on the stock. in a research note on Tuesday, September 3rd. BMO Capital Markets reiterated an “outperform” rating and issued a $520.00 target price on shares of Mastercard in a research note on Wednesday, August 14th. TD Cowen raised their price target on shares of Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Bank of America lifted their price objective on shares of Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. Four analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and an average price target of $525.68.

Insider Activity at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s 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 transaction, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the transaction, the chief marketing officer now directly owns 17,118 shares in the company, valued at $8,440,885.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 27,304 shares of the company’s stock, valued at $12,423,320. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 340,809 shares of company stock valued at $159,610,703. 0.10% of the stock is currently owned by insiders.

Mastercard Company 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.