Wedmont Private Capital Grows Stock Position in Mastercard Incorporated (NYSE:MA)

Wedmont Private Capital boosted its holdings in Mastercard Incorporated (NYSE:MAFree Report) by 6.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,285 shares of the credit services provider’s stock after acquiring an additional 466 shares during the period. Wedmont Private Capital’s holdings in Mastercard were worth $3,912,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Banque Cantonale Vaudoise boosted its stake in shares of Mastercard by 6.9% during the first quarter. Banque Cantonale Vaudoise now owns 41,250 shares of the credit services provider’s stock valued at $19,865,000 after acquiring an additional 2,676 shares during the last quarter. Schulz Wealth LTD. purchased a new position in Mastercard in the 1st quarter valued at about $217,000. Fulton Bank N.A. boosted its stake in shares of Mastercard by 1.5% during the 1st quarter. Fulton Bank N.A. now owns 30,316 shares of the credit services provider’s stock worth $14,599,000 after purchasing an additional 454 shares during the last quarter. Signal Advisors Wealth LLC grew its holdings in shares of Mastercard by 151.5% during the first quarter. Signal Advisors Wealth LLC now owns 1,235 shares of the credit services provider’s stock worth $595,000 after buying an additional 744 shares in the last quarter. Finally, Safeguard Financial LLC acquired a new position in shares of Mastercard in the first quarter valued at approximately $221,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Sandra A. Arkell sold 300 shares of Mastercard stock in a transaction dated Monday, May 6th. The shares were 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 directly owns 4,063 shares of the company’s stock, valued at approximately $1,817,095.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Sandra A. Arkell sold 300 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $447.23, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 in the company, valued at $44,541,179,602.20. The disclosure for this sale can be found here. Insiders have sold 2,774,200 shares of company stock worth $1,251,670,450 over the last ninety days. 0.10% of the stock is owned by insiders.

Mastercard Stock Down 0.3 %

Shares of Mastercard stock traded down $1.36 during trading hours on Friday, hitting $451.15. 1,978,676 shares of the company’s stock traded hands, compared to its average volume of 2,412,232. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $490.00. The company has a market cap of $419.39 billion, a PE ratio of 35.98, a PEG ratio of 1.76 and a beta of 1.09. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86. The stock has a 50 day simple moving average of $452.51 and a 200-day simple moving average of $451.25.

Mastercard (NYSE:MAGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. During the same quarter last year, the company earned $2.80 earnings per share. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. Equities research analysts anticipate that Mastercard Incorporated will post 14.22 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Tuesday, July 9th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Tuesday, July 9th. Mastercard’s dividend payout ratio is currently 20.99%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MA. Susquehanna reaffirmed a “positive” rating and issued a $535.00 price objective on shares of Mastercard in a research report on Wednesday, April 3rd. Piper Sandler initiated coverage on Mastercard in a report on Monday, May 13th. They issued an “overweight” rating and a $531.00 price target for the company. TD Cowen started coverage on shares of Mastercard in a report on Thursday, April 11th. They set a “buy” rating and a $545.00 price objective on the stock. Wells Fargo & Company raised their target price 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. Finally, Morgan Stanley dropped their price target on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and an average target price of $497.78.

Check Out Our Latest Report on Mastercard

Mastercard Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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