Mastercard Incorporated (NYSE:MA) Shares Acquired by RWA Wealth Partners LLC

RWA Wealth Partners LLC boosted its position in Mastercard Incorporated (NYSE:MA) by 230.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,719 shares of the credit services provider’s stock after acquiring an additional 7,475 shares during the quarter. RWA Wealth Partners LLC’s holdings in Mastercard were worth $4,572,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MA. LFA Lugano Financial Advisors SA purchased a new position in Mastercard in the 4th quarter valued at $27,000. Criterion Capital Advisors LLC acquired a new position in shares of Mastercard during the 4th quarter valued at about $33,000. Barometer Capital Management Inc. acquired a new stake in Mastercard during the 3rd quarter worth approximately $36,000. Thomas J. Herzfeld Advisors Inc. increased its position in Mastercard by 661.5% during the 3rd quarter. Thomas J. Herzfeld Advisors Inc. now owns 99 shares of the credit services provider’s stock worth $39,000 after purchasing an additional 86 shares in the last quarter. Finally, JCIC Asset Management Inc. grew its position in Mastercard by 34.0% in the fourth quarter. JCIC Asset Management Inc. now owns 134 shares of the credit services provider’s stock valued at $57,000 after acquiring an additional 34 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on MA. The Goldman Sachs Group increased their price objective on shares of Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. BMO Capital Markets increased their target price on Mastercard from $480.00 to $490.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. JPMorgan Chase & Co. increased their target price on Mastercard from $504.00 to $520.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Susquehanna reiterated a “positive” rating and set a $535.00 target price on shares of Mastercard in a research note on Wednesday, April 3rd. Finally, Raymond James increased their target price on Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and an average price target of $490.23.

Mastercard Price Performance

NYSE:MA opened at $458.98 on Tuesday. The business’s 50-day moving average price is $471.66 and its 200 day moving average price is $434.80. The firm has a market cap of $428.18 billion, a P/E ratio of 38.63, a PEG ratio of 1.73 and a beta of 1.08. Mastercard Incorporated has a 52-week low of $357.85 and a 52-week high of $490.00. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.06.

Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share for the quarter, beating analysts’ consensus estimates of $3.08 by $0.10. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. The business had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.46 billion. During the same quarter last year, the company posted $2.65 EPS. As a group, sell-side analysts predict that Mastercard Incorporated will post 14.35 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be given a $0.66 dividend. The ex-dividend date is Monday, April 8th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.58%. Mastercard’s dividend payout ratio (DPR) is 22.32%.

Insider Activity at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 111,000 shares of the firm’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $457.15, for a total transaction of $50,743,650.00. Following the completion of the sale, the insider now directly owns 97,432,308 shares in the company, valued at approximately $44,541,179,602.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Mastercard news, major shareholder Foundation Mastercard sold 111,000 shares of the firm’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $457.15, for a total transaction of $50,743,650.00. Following the completion of the sale, the insider now directly owns 97,432,308 shares in the company, valued at approximately $44,541,179,602.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $475.94, for a total value of $7,632,649.78. Following the sale, the chief marketing officer now owns 12,255 shares of the company’s stock, valued at $5,832,644.70. The disclosure for this sale can be found here. Insiders sold 148,630 shares of company stock worth $68,440,330 in the last quarter. 0.13% of the stock is 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.