WCM Investment Management LLC Increases Stock Position in Mastercard Incorporated (NYSE:MA)

WCM Investment Management LLC lifted its holdings in shares of Mastercard Incorporated (NYSE:MAGet Rating) by 30.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,334 shares of the credit services provider’s stock after acquiring an additional 313 shares during the period. WCM Investment Management LLC’s holdings in Mastercard were worth $477,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Abbrea Capital LLC boosted its stake in Mastercard by 0.5% during the fourth quarter. Abbrea Capital LLC now owns 5,605 shares of the credit services provider’s stock valued at $2,014,000 after buying an additional 27 shares in the last quarter. Foster & Motley Inc. boosted its stake in Mastercard by 2.9% during the first quarter. Foster & Motley Inc. now owns 965 shares of the credit services provider’s stock valued at $345,000 after buying an additional 27 shares in the last quarter. Hexagon Capital Partners LLC boosted its stake in Mastercard by 2.5% during the first quarter. Hexagon Capital Partners LLC now owns 1,191 shares of the credit services provider’s stock valued at $426,000 after buying an additional 29 shares in the last quarter. Clearview Wealth Advisors LLC boosted its stake in Mastercard by 13.2% during the fourth quarter. Clearview Wealth Advisors LLC now owns 258 shares of the credit services provider’s stock valued at $93,000 after buying an additional 30 shares in the last quarter. Finally, Atlantic Union Bankshares Corp boosted its stake in Mastercard by 4.4% during the first quarter. Atlantic Union Bankshares Corp now owns 706 shares of the credit services provider’s stock valued at $253,000 after buying an additional 30 shares in the last quarter. 74.94% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Stock Up 0.5 %

Shares of Mastercard stock opened at $356.07 on Friday. The stock has a 50-day moving average price of $335.69 and a 200 day moving average price of $347.83. The company has a market cap of $346.33 billion, a P/E ratio of 36.08, a P/E/G ratio of 1.68 and a beta of 1.04. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 2.20. Mastercard Incorporated has a 1 year low of $303.65 and a 1 year high of $399.92.

Mastercard (NYSE:MAGet Rating) last announced its quarterly earnings data on Thursday, July 28th. The credit services provider reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.20. Mastercard had a return on equity of 143.35% and a net margin of 46.49%. The firm had revenue of $5.50 billion during the quarter, compared to the consensus estimate of $5.26 billion. During the same period in the prior year, the business earned $1.95 EPS. The business’s revenue for the quarter was up 21.5% on a year-over-year basis. As a group, analysts expect that Mastercard Incorporated will post 10.64 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 9th. Shareholders of record on Friday, July 8th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Thursday, July 7th. Mastercard’s payout ratio is currently 19.86%.

Analyst Ratings Changes

MA has been the subject of several research reports. Deutsche Bank Aktiengesellschaft raised their target price on Mastercard from $420.00 to $440.00 in a research note on Friday, April 29th. Robert W. Baird decreased their target price on Mastercard from $470.00 to $416.00 in a research note on Wednesday, July 20th. Wells Fargo & Company reduced their target price on Mastercard from $450.00 to $400.00 and set an “overweight” rating for the company in a report on Wednesday, July 13th. Morgan Stanley upped their target price on Mastercard from $452.00 to $457.00 and gave the company an “overweight” rating in a report on Friday, July 29th. Finally, Citigroup reduced their target price on Mastercard from $453.00 to $415.00 in a report on Tuesday, July 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $414.55.

Insiders Place Their Bets

In other Mastercard news, major shareholder Foundation Mastercard sold 106,326 shares of the company’s stock in a transaction dated Wednesday, May 11th. The stock was sold at an average price of $327.74, for a total value of $34,847,283.24. Following the transaction, the insider now directly owns 103,841,972 shares of the company’s stock, valued at approximately $34,033,167,903.28. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 318,982 shares of company stock valued at $105,338,500 in the last three months. Insiders own 0.33% of the company’s stock.

Mastercard Company Profile

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Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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