Mastercard Incorporated $MA Shares Acquired by Cwm LLC

Cwm LLC lifted its position in shares of Mastercard Incorporated (NYSE:MA) by 2.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,927 shares of the credit services provider’s stock after purchasing an additional 1,753 shares during the quarter. Cwm LLC’s holdings in Mastercard were worth $41,543,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MA. Kingstone Capital Partners Texas LLC purchased a new position in shares of Mastercard during the 2nd quarter valued at approximately $11,421,213,000. Nuveen LLC purchased a new position in shares of Mastercard during the 1st quarter valued at approximately $4,238,764,000. Wellington Management Group LLP lifted its position in shares of Mastercard by 38.6% during the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock valued at $7,413,936,000 after buying an additional 3,765,378 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Mastercard by 3,493.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 934,110 shares of the credit services provider’s stock valued at $524,914,000 after buying an additional 908,116 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Mastercard by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock valued at $11,015,557,000 after buying an additional 907,184 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on MA shares. Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. Seaport Res Ptn upgraded Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. KeyCorp increased their target price on Mastercard from $635.00 to $660.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Wolfe Research set a $655.00 price objective on Mastercard in a report on Monday, June 23rd. Finally, TD Cowen restated a “buy” rating and issued a $645.00 price objective on shares of Mastercard in a report on Monday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Mastercard has an average rating of “Buy” and an average price target of $634.04.

Insider Activity at Mastercard

In related news, CFO J. Mehra Sachin sold 17,816 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total value of $10,456,032.24. Following the sale, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,330,922.26. The trade was a 36.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.09% of the stock is currently owned by corporate insiders.

Mastercard Stock Down 1.4%

NYSE MA opened at $556.80 on Friday. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The business’s fifty day simple moving average is $581.01 and its 200-day simple moving average is $562.86. The firm has a market cap of $503.35 billion, a PE ratio of 37.55, a P/E/G ratio of 2.28 and a beta of 0.97.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping the consensus estimate of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. During the same quarter in the previous year, the firm earned $3.50 EPS. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. As a group, equities analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard’s payout ratio is currently 20.50%.

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.