Mastercard Incorporated $MA Stock Position Raised by Private Wealth Partners LLC

Private Wealth Partners LLC increased its holdings in shares of Mastercard Incorporated (NYSE:MAFree Report) by 10.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,330 shares of the credit services provider’s stock after acquiring an additional 1,587 shares during the quarter. Private Wealth Partners LLC’s holdings in Mastercard were worth $8,159,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Brighton Jones LLC lifted its stake in Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after buying an additional 2,028 shares during the last quarter. Schnieders Capital Management LLC. grew its position in shares of Mastercard by 8.5% during the second quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider’s stock worth $1,432,000 after acquiring an additional 200 shares during the last quarter. Betterment LLC grew its position in shares of Mastercard by 6.5% during the second quarter. Betterment LLC now owns 947 shares of the credit services provider’s stock worth $532,000 after acquiring an additional 58 shares during the last quarter. Worldquant Millennium Advisors LLC increased its holdings in shares of Mastercard by 35.8% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 677,204 shares of the credit services provider’s stock worth $380,548,000 after acquiring an additional 178,387 shares during the period. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Mastercard in the 2nd quarter worth about $431,000. Institutional investors own 97.28% of the company’s stock.

Key Headlines Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

Mastercard Stock Performance

MA stock opened at $539.00 on Friday. The company has a market capitalization of $476.25 billion, a P/E ratio of 31.19, a PEG ratio of 1.68 and a beta of 0.73. The company has a 50-day simple moving average of $497.92 and a 200 day simple moving average of $518.96. Mastercard Incorporated has a fifty-two week low of $464.52 and a fifty-two week high of $601.77. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56.

Mastercard (NYSE:MAGet Free Report) last released its earnings results on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, beating the consensus estimate of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The firm had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.26 billion. During the same quarter last year, the company earned $3.73 EPS. Mastercard’s quarterly revenue was up 15.8% on a year-over-year basis. Sell-side analysts predict that Mastercard Incorporated will post 19.61 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 9th will be issued a $0.87 dividend. The ex-dividend date is Thursday, July 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is 20.14%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Wall Street Zen lowered shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. UBS Group restated a “buy” rating on shares of Mastercard in a research note on Thursday, June 25th. Loop Capital reaffirmed a “buy” rating and set a $631.00 price target on shares of Mastercard in a report on Wednesday, June 3rd. Piper Sandler began coverage on Mastercard in a research report on Monday, June 29th. They set an “overweight” rating and a $597.00 price objective for the company. Finally, Weiss Ratings downgraded Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Seven equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $653.81.

View Our Latest Stock Report on Mastercard

Insider Activity

In related news, insider Raj Seshadri sold 4,828 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $525.00, for a total transaction of $2,534,700.00. Following the transaction, the insider owned 16,429 shares in the company, valued at $8,625,225. This trade represents a 22.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.09% of the stock is owned by company insiders.

Mastercard 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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