Mastercard Incorporated $MA Shares Bought by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC lifted its stake in shares of Mastercard Incorporated (NYSE:MAFree Report) by 4.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 51,934 shares of the credit services provider’s stock after acquiring an additional 2,348 shares during the quarter. Mastercard comprises approximately 1.9% of Foster Victor Wealth Advisors LLC’s holdings, making the stock its 5th largest position. Foster Victor Wealth Advisors LLC’s holdings in Mastercard were worth $30,145,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Pinion Investment Advisors LLC boosted its position in Mastercard by 0.8% during the second quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider’s stock worth $1,276,000 after purchasing an additional 18 shares during the period. KRS Capital Management LLC lifted its stake in shares of Mastercard by 0.6% in the second quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider’s stock worth $1,601,000 after buying an additional 18 shares during the last quarter. Nvest Financial LLC boosted its holdings in shares of Mastercard by 1.2% during the 2nd quarter. Nvest Financial LLC now owns 1,505 shares of the credit services provider’s stock worth $846,000 after buying an additional 18 shares during the period. Washington Trust Advisors Inc. grew its stake in Mastercard by 5.6% in the 2nd quarter. Washington Trust Advisors Inc. now owns 339 shares of the credit services provider’s stock valued at $191,000 after buying an additional 18 shares during the last quarter. Finally, Rialto Wealth Management LLC grew its stake in Mastercard by 13.0% in the 2nd quarter. Rialto Wealth Management LLC now owns 156 shares of the credit services provider’s stock valued at $88,000 after buying an additional 18 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Mastercard Price Performance

Shares of MA stock opened at $572.46 on Friday. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The company has a market capitalization of $514.07 billion, a P/E ratio of 36.60, a P/E/G ratio of 2.25 and a beta of 0.87. The stock has a 50 day moving average of $553.82 and a two-hundred day moving average of $565.96. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.40.

Mastercard (NYSE:MAGet Free Report) last issued its earnings results on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. The business had revenue of $8.60 billion during the quarter, compared to analyst estimates of $8.53 billion. Mastercard had a return on equity of 202.03% and a net margin of 45.28%.Mastercard’s revenue was up 16.7% on a year-over-year basis. During the same period in the prior year, the company posted $3.89 earnings per share. As a group, equities analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Friday, January 9th will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, January 9th. This is a positive change from Mastercard’s previous quarterly dividend of $0.76. Mastercard’s payout ratio is 19.44%.

Wall Street Analyst Weigh In

MA has been the subject of a number of recent analyst reports. Hsbc Global Res upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, December 8th. The Goldman Sachs Group reissued a “buy” rating and set a $713.00 price objective on shares of Mastercard in a research report on Thursday, October 30th. Compass Point set a $620.00 target price on Mastercard and gave the company a “neutral” rating in a report on Friday, October 31st. Citigroup upgraded Mastercard to a “strong-buy” rating in a report on Thursday, October 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a research report on Wednesday, October 8th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $657.48.

Read Our Latest Stock Analysis on MA

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Mastercard Company Profile

(Free Report)

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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