Power Wealth Management LLC Acquires New Holdings in Mastercard Incorporated $MA

Power Wealth Management LLC bought a new position in shares of Mastercard Incorporated (NYSE:MA) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 483 shares of the credit services provider’s stock, valued at approximately $271,000.

Several other institutional investors and hedge funds also recently modified their holdings of MA. ORG Partners LLC lifted its stake in shares of Mastercard by 73.2% during the second quarter. ORG Partners LLC now owns 698 shares of the credit services provider’s stock valued at $394,000 after buying an additional 295 shares during the period. Ethos Financial Group LLC grew its position in shares of Mastercard by 19.5% in the first quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider’s stock valued at $1,683,000 after purchasing an additional 518 shares during the period. Curio Wealth LLC increased its stake in Mastercard by 22,400.0% in the second quarter. Curio Wealth LLC now owns 225 shares of the credit services provider’s stock valued at $126,000 after purchasing an additional 224 shares during the last quarter. Vanguard Group Inc. lifted its position in Mastercard by 1.2% during the second quarter. Vanguard Group Inc. now owns 78,475,807 shares of the credit services provider’s stock worth $44,098,695,000 after buying an additional 931,132 shares during the period. Finally, Wheelhouse Advisory Group LLC boosted its stake in Mastercard by 4.4% in the 2nd quarter. Wheelhouse Advisory Group LLC now owns 1,336 shares of the credit services provider’s stock worth $751,000 after buying an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In other news, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the sale, the chief financial officer owned 31,234 shares in the company, valued at $18,459,294. This trade represents a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is owned by company insiders.

Mastercard Stock Down 0.4%

Shares of Mastercard stock opened at $528.28 on Friday. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The stock has a market cap of $474.39 billion, a price-to-earnings ratio of 35.62, a price-to-earnings-growth ratio of 2.27 and a beta of 0.92. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The company has a fifty day moving average price of $564.12 and a 200 day moving average price of $569.23.

Mastercard (NYSE:MA) last issued its quarterly earnings data 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. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company had revenue of $8.60 billion for the quarter, compared to analysts’ expectations of $8.53 billion. During the same quarter in the previous year, the firm posted $3.89 earnings per share. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. Equities research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Thursday, October 9th were given a $0.76 dividend. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $3.04 annualized dividend and a yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is 19.44%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Compass Point set a $620.00 price objective on shares of Mastercard and gave the stock a “neutral” rating in a report on Friday, October 31st. KeyCorp reissued an “overweight” rating and set a $665.00 price objective on shares of Mastercard in a research note on Wednesday, October 22nd. UBS Group upped their price objective on Mastercard from $690.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Tigress Financial lifted their target price on Mastercard from $685.00 to $730.00 and gave the company a “strong-buy” rating in a report on Thursday, November 6th. Finally, Royal Bank Of Canada boosted their price target on Mastercard from $645.00 to $654.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $652.50.

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.