L.M. Kohn & Company Boosts Stock Holdings in Mastercard Incorporated (NYSE:MA)

L.M. Kohn & Company raised its stake in Mastercard Incorporated (NYSE:MA) by 6.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,120 shares of the credit services provider’s stock after acquiring an additional 647 shares during the period. Mastercard makes up 1.3% of L.M. Kohn & Company’s portfolio, making the stock its 16th largest holding. L.M. Kohn & Company’s holdings in Mastercard were worth $4,997,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Highline Wealth Partners LLC bought a new position in shares of Mastercard during the 3rd quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL purchased a new stake in Mastercard during the second quarter valued at $34,000. Fairway Wealth LLC bought a new position in Mastercard during the second quarter valued at $35,000. First Personal Financial Services purchased a new position in shares of Mastercard in the 3rd quarter worth $39,000. Finally, Lowe Wealth Advisors LLC increased its holdings in shares of Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after buying an additional 37 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of MA opened at $532.93 on Friday. Mastercard Incorporated has a 12 month low of $404.32 and a 12 month high of $535.77. The stock has a fifty day moving average price of $510.37 and a 200-day moving average price of $476.15. 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 firm has a market cap of $489.14 billion, a PE ratio of 40.31, a P/E/G ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The company had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same period last year, the business posted $3.39 earnings per share. The firm’s revenue was up 12.8% compared to the same quarter last year. Equities research analysts predict that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

Analyst Ratings Changes

A number of brokerages recently commented on MA. Piper Sandler reaffirmed an “overweight” rating and issued a $575.00 price target (up previously from $565.00) on shares of Mastercard in a report on Friday, November 15th. Mizuho raised their price objective on Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Robert W. Baird boosted their target price on Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Bank of America raised their price target on Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. Finally, UBS Group boosted their price objective on shares of Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $549.16.

Insider Buying and Selling at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction on Friday, September 13th. The shares were 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. The trade was a 21.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by company insiders.

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.