Mastercard Incorporated $MA Shares Acquired by Calamos Wealth Management LLC

Calamos Wealth Management LLC lifted its holdings in Mastercard Incorporated (NYSE:MA) by 41.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,330 shares of the credit services provider’s stock after purchasing an additional 1,857 shares during the period. Calamos Wealth Management LLC’s holdings in Mastercard were worth $3,601,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Pinion Investment Advisors LLC increased its position in shares of 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 acquiring an additional 18 shares during the period. KRS Capital Management LLC increased its holdings in Mastercard by 0.6% during the 2nd quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider’s stock worth $1,601,000 after purchasing an additional 18 shares during the period. Nvest Financial LLC raised its position in Mastercard by 1.2% in the 2nd quarter. Nvest Financial LLC now owns 1,505 shares of the credit services provider’s stock valued at $846,000 after purchasing an additional 18 shares in the last quarter. Washington Trust Advisors Inc. boosted its stake in shares of 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 period. Finally, Rialto Wealth Management LLC grew its position in shares of Mastercard by 13.0% during the second quarter. Rialto Wealth Management LLC now owns 156 shares of the credit services provider’s stock worth $88,000 after buying an additional 18 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Truist Financial reduced their target price on shares of Mastercard from $638.00 to $630.00 and set a “buy” rating on the stock in a report on Tuesday, November 4th. Weiss Ratings restated a “buy (b)” rating on shares of Mastercard in a report on Wednesday, October 8th. Macquarie lifted their price objective on shares of Mastercard from $655.00 to $660.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Citigroup raised Mastercard to a “strong-buy” rating in a report on Thursday, October 23rd. Finally, Wells Fargo & Company cut their price target on Mastercard from $669.00 to $660.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $657.48.

Mastercard Price Performance

Shares of MA opened at $577.33 on Wednesday. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.12 and a quick ratio of 1.12. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The stock has a market cap of $518.44 billion, a PE ratio of 36.91, a price-to-earnings-growth ratio of 2.27 and a beta of 0.87. The firm has a fifty day moving average price of $555.95 and a 200 day moving average price of $565.53.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. The business had revenue of $8.60 billion for the quarter, compared to analysts’ expectations of $8.53 billion. Mastercard had a return on equity of 202.03% and a net margin of 45.28%.The business’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.89 earnings per share. As a group, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Friday, January 9th will be paid a $0.87 dividend. This is an increase from Mastercard’s previous quarterly dividend of $0.76. This represents a $3.48 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, January 9th. Mastercard’s dividend payout ratio (DPR) is presently 19.44%.

Mastercard Profile

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.