Mastercard Incorporated $MA Shares Bought by CFM Wealth Partners LLC

CFM Wealth Partners LLC lifted its position in shares of Mastercard Incorporated (NYSE:MA) by 0.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 15,535 shares of the credit services provider’s stock after buying an additional 144 shares during the period. Mastercard makes up 1.4% of CFM Wealth Partners LLC’s holdings, making the stock its 20th largest holding. CFM Wealth Partners LLC’s holdings in Mastercard were worth $8,730,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of the company. Family Legacy Financial Solutions LLC acquired a new stake in Mastercard in the second quarter valued at $26,000. Flaharty Asset Management LLC purchased a new stake in shares of Mastercard in the 1st quarter worth about $27,000. Keystone Global Partners LLC acquired a new stake in Mastercard in the 1st quarter valued at about $31,000. Hughes Financial Services LLC acquired a new stake in Mastercard in the 1st quarter valued at about $34,000. Finally, 1 North Wealth Services LLC purchased a new position in Mastercard during the 1st quarter valued at about $44,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of Mastercard stock in a transaction on 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 transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,330,922.26. This trade represents a 36.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.09% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MA has been the topic of several research reports. KeyCorp increased their price target on shares of Mastercard from $635.00 to $660.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. TD Cowen reaffirmed a “buy” rating and issued a $645.00 target price on shares of Mastercard in a research note on Monday, August 11th. Robert W. Baird increased their target price on Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a report on Monday. Wells Fargo & Company boosted their price target on Mastercard from $625.00 to $650.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Mastercard in a research report on Thursday, July 17th. They issued a “buy” rating and a $650.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $634.04.

Mastercard Stock Performance

NYSE MA opened at $578.91 on Tuesday. The business’s 50-day moving average price is $580.46 and its 200 day moving average price is $562.33. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The company has a market capitalization of $523.34 billion, a PE ratio of 39.04, a price-to-earnings-growth ratio of 2.38 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, beating the consensus estimate of $4.05 by $0.10. The company had revenue of $8.13 billion during the quarter, compared to analysts’ expectations of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.50 EPS. On average, research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

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

Mastercard Company 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.