Strategic Family Wealth Counselors L.L.C. Invests $851,000 in Mastercard Incorporated $MA

Strategic Family Wealth Counselors L.L.C. bought a new position in Mastercard Incorporated (NYSE:MA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,601 shares of the credit services provider’s stock, valued at approximately $851,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MA. State Street Corp grew its position in Mastercard by 2.8% during the 3rd quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock worth $20,807,283,000 after acquiring an additional 997,536 shares during the last quarter. Vanguard Group Inc. raised its holdings in Mastercard by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 79,431,340 shares of the credit services provider’s stock valued at $45,181,341,000 after buying an additional 955,533 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Mastercard by 792.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 865,523 shares of the credit services provider’s stock valued at $494,110,000 after buying an additional 768,514 shares during the last quarter. Capital Research Global Investors raised its holdings in Mastercard by 6.5% in the 3rd quarter. Capital Research Global Investors now owns 10,347,834 shares of the credit services provider’s stock valued at $5,885,944,000 after buying an additional 629,941 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new position in Mastercard in the 4th quarter valued at approximately $289,353,000. Institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on MA shares. Royal Bank Of Canada dropped their price objective on shares of Mastercard from $656.00 to $629.00 and set an “outperform” rating for the company in a report on Friday, May 1st. TD Cowen reiterated a “buy” rating on shares of Mastercard in a report on Tuesday, March 17th. Macquarie Infrastructure raised their price objective on shares of Mastercard from $660.00 to $675.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Wall Street Zen lowered shares of Mastercard from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Weiss Ratings lowered shares of Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Six research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Mastercard currently has an average rating of “Buy” and a consensus price target of $656.00.

Mastercard Stock Down 1.9%

Mastercard stock opened at $490.48 on Thursday. The firm has a market cap of $433.38 billion, a price-to-earnings ratio of 28.38, a PEG ratio of 1.56 and a beta of 0.76. Mastercard Incorporated has a 52-week low of $480.50 and a 52-week high of $601.77. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a 50 day moving average price of $504.57 and a two-hundred day moving average price of $532.45.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, topping the consensus estimate of $4.41 by $0.19. The company had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.26 billion. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The company’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the firm posted $3.73 EPS. Equities analysts predict that Mastercard Incorporated will post 19.58 EPS for the current year.

Mastercard News Roundup

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard was included in Zacks’ list of transaction stocks to watch, with the note that contactless payments, BNPL, and cross-border payment growth continue to support the industry’s outlook. 5 Financial Transaction Stocks to Watch Amid Digital Advancements
• Positive Sentiment: Amazon launched new business credit cards issued by U.S. Bank on the Mastercard network, which adds another branded-card use case and supports transaction volume for Mastercard. Amazon’s New Prime Business and Amazon Business Credit Cards, Powered by U.S. Bank and Mastercard®, Are Now Available with Enhanced Rewards and Flexible Financing
• Neutral Sentiment: Mastercard appeared in several analyst and market-research items, including a Truist price-target cut to $561 while keeping a buy rating, and other general commentary that did not materially change the company’s operating outlook. Mastercard (NYSE:MA) Price Target Cut to $561.00 by Analysts at Truist Financial
• Negative Sentiment: The biggest drag came from news that the U.S. government opened an inquiry into Brazil’s PIX instant-payments system, raising concerns that low-cost government-backed rails could bypass Mastercard and other card networks and pressure future cross-border transaction growth. U.S. PIX Inquiry Puts Mastercard Growth And Valuation In Focus

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.