Hennion & Walsh Asset Management Inc. Has $6.36 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Hennion & Walsh Asset Management Inc. grew its stake in Mastercard Incorporated (NYSE:MA) by 1.7% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 13,208 shares of the credit services provider’s stock after buying an additional 219 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Mastercard were worth $6,361,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in MA. Hoxton Planning & Management LLC boosted its position in shares of Mastercard by 1.4% in the 1st quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock worth $788,000 after purchasing an additional 22 shares in the last quarter. Carolinas Wealth Consulting LLC boosted its position in shares of Mastercard by 5.0% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock worth $206,000 after purchasing an additional 23 shares in the last quarter. Benin Management CORP boosted its position in shares of Mastercard by 3.0% in the 1st quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock worth $382,000 after purchasing an additional 23 shares in the last quarter. Cypress Wealth Services LLC boosted its position in shares of Mastercard by 2.9% in the 4th quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock worth $369,000 after purchasing an additional 24 shares in the last quarter. Finally, Syntegra Private Wealth Group LLC boosted its position in shares of Mastercard by 1.2% in the 4th quarter. Syntegra Private Wealth Group LLC now owns 1,996 shares of the credit services provider’s stock worth $851,000 after purchasing an additional 24 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MA. Morgan Stanley dropped their price target on Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Wells Fargo & Company boosted their price target on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. JPMorgan Chase & Co. lowered their price objective on Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Piper Sandler began coverage on Mastercard in a research report on Monday, May 13th. They issued an “overweight” rating and a $531.00 price objective on the stock. Finally, Evercore ISI lowered their price objective on Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research report on Tuesday. Two investment 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 company. According to data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and an average target price of $496.91.

Mastercard Stock Performance

Shares of NYSE:MA traded down $1.59 during midday trading on Friday, hitting $441.16. The company had a trading volume of 4,105,179 shares, compared to its average volume of 2,467,253. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market cap of $410.11 billion, a price-to-earnings ratio of 35.06, a PEG ratio of 1.73 and a beta of 1.09. Mastercard Incorporated has a 12-month low of $359.77 and a 12-month high of $490.00. The company has a fifty day moving average of $451.50 and a two-hundred day moving average of $452.88.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, topping the consensus estimate of $3.22 by $0.09. The firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. Mastercard’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.80 EPS. On average, equities research analysts expect that Mastercard Incorporated will post 14.26 EPS 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. The ex-dividend date is Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.60%. Mastercard’s payout ratio is presently 20.99%.

Insiders Place Their Bets

In other Mastercard news, insider Craig Vosburg sold 9,028 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $447.28, for a total value of $4,038,043.84. Following the completion of the sale, the insider now owns 58,940 shares in the company, valued at approximately $26,362,683.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Craig Vosburg sold 9,028 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $447.28, for a total transaction of $4,038,043.84. Following the completion of the transaction, the insider now owns 58,940 shares in the company, valued at $26,362,683.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 138,000 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total value of $62,540,220.00. Following the transaction, the insider now owns 92,152,308 shares of the company’s stock, valued at approximately $41,762,504,462.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,163,228 shares of company stock worth $1,428,540,870. Corporate insiders own 0.10% of the company’s stock.

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.