Carolina Wealth Advisors LLC Buys 96 Shares of Mastercard Incorporated (NYSE:MA)

Carolina Wealth Advisors LLC increased its position in shares of Mastercard Incorporated (NYSE:MA) by 15.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 723 shares of the credit services provider’s stock after purchasing an additional 96 shares during the quarter. Carolina Wealth Advisors LLC’s holdings in Mastercard were worth $357,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Palisade Asset Management LLC bought a new position in Mastercard in the first quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Mastercard in the 2nd quarter valued at $34,000. Fairway Wealth LLC bought a new position in shares of Mastercard in the 2nd quarter valued at $35,000. Lowe Wealth Advisors LLC increased its stake 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 valued at $43,000 after purchasing an additional 37 shares during the last quarter. Finally, Steph & Co. acquired a new position in shares of Mastercard during the 1st quarter worth $43,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mastercard

In other news, major shareholder Foundation Mastercard sold 119,000 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the completion of the transaction, the insider now directly owns 92,033,308 shares in the company, valued at $43,113,923,465.68. The trade was 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 link. 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 owns 17,118 shares in the company, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 119,000 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $468.46, for a total value of $55,746,740.00. Following the completion of the sale, the insider now directly owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 340,809 shares of company stock valued at $159,610,703. 0.10% of the stock is currently owned by corporate insiders.

Mastercard Stock Performance

MA stock traded down $0.08 during midday trading on Monday, hitting $516.26. The company’s stock had a trading volume of 990,422 shares, compared to its average volume of 2,435,734. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $518.82. The stock has a market cap of $479.92 billion, a price-to-earnings ratio of 41.14, a PEG ratio of 2.22 and a beta of 1.10. The stock’s 50-day moving average price is $486.90 and its 200 day moving average price is $464.01. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95.

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 return on equity of 179.78% and a net margin of 46.45%. The company had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.85 billion. On average, equities analysts forecast that Mastercard Incorporated will post 14.3 EPS for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be paid a $0.66 dividend. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.51%. Mastercard’s dividend payout ratio is currently 20.99%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Citigroup lifted their target price on Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. William Blair raised shares of Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Barclays increased their price objective on shares of Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Oppenheimer started coverage on shares of Mastercard in a research note on Tuesday, October 1st. They set an “outperform” rating and a $591.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their price target on shares of Mastercard from $570.00 to $593.00 and gave the stock an “overweight” rating in a report on Monday. Four research analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and a consensus price target of $525.68.

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.