Mastercard Incorporated (NYSE:MA) Stock Holdings Lifted by Prentice Wealth Management LLC

Prentice Wealth Management LLC increased its position in Mastercard Incorporated (NYSE:MA) by 3.1% during the first quarter, Holdings Channel reports. The fund owned 2,741 shares of the credit services provider’s stock after purchasing an additional 82 shares during the quarter. Prentice Wealth Management LLC’s holdings in Mastercard were worth $1,320,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of MA. Altshuler Shaham Ltd acquired a new stake in shares of Mastercard during the fourth quarter worth approximately $26,000. VitalStone Financial LLC increased its position in Mastercard by 300.0% during the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 45 shares during the period. LFA Lugano Financial Advisors SA bought a new position in Mastercard during the fourth quarter worth $27,000. Westend Capital Management LLC bought a new position in Mastercard during the first quarter worth $27,000. Finally, Scarborough Advisors LLC bought a new position in Mastercard during the fourth quarter worth $28,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on MA. Morgan Stanley decreased their price target on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Wells Fargo & Company upped their price target on shares of Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Mizuho reduced their price target on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. JPMorgan Chase & Co. reduced their price target on shares of Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Finally, Piper Sandler initiated coverage on shares of Mastercard in a research report on Monday, May 13th. They set an “overweight” rating and a $531.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Mastercard presently has a consensus rating of “Moderate Buy” and an average price target of $496.91.

Mastercard Trading Down 0.5 %

MA stock traded down $2.24 during trading on Wednesday, hitting $453.41. The company had a trading volume of 915,035 shares, compared to its average volume of 2,427,712. The business has a 50-day moving average of $452.17 and a 200-day moving average of $452.78. Mastercard Incorporated has a one year low of $359.77 and a one year high of $490.00. The stock has a market cap of $421.49 billion, a PE ratio of 35.95, a PEG ratio of 1.78 and a beta of 1.09. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86.

Mastercard (NYSE:MA) last announced its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating the consensus estimate of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. During the same period in the prior year, the business posted $2.80 earnings per share. The firm’s revenue was up 10.4% on a year-over-year basis. Research analysts predict that Mastercard Incorporated will post 14.26 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.58%. The ex-dividend date is Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Insider Buying and Selling at Mastercard

In related news, major shareholder Foundation Mastercard sold 111,000 shares of the stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $457.15, for a total value of $50,743,650.00. Following the completion of the sale, the insider now directly owns 97,432,308 shares of the company’s stock, valued at approximately $44,541,179,602.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Mastercard news, insider Sandra A. Arkell sold 300 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $447.23, for a total value of $134,169.00. Following the completion of the transaction, the insider now owns 4,063 shares in the company, valued at approximately $1,817,095.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 111,000 shares of the company’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $457.15, for a total value of $50,743,650.00. Following the completion of the transaction, the insider now owns 97,432,308 shares of the company’s stock, valued at approximately $44,541,179,602.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,025,228 shares of company stock valued at $1,366,000,650. 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.