UP Strategic Wealth Investment Advisors LLC Acquires 161 Shares of Mastercard Incorporated (NYSE:MA)

UP Strategic Wealth Investment Advisors LLC raised its holdings in Mastercard Incorporated (NYSE:MA) by 10.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,776 shares of the credit services provider’s stock after acquiring an additional 161 shares during the period. Mastercard comprises about 1.2% of UP Strategic Wealth Investment Advisors LLC’s investment portfolio, making the stock its 18th largest holding. UP Strategic Wealth Investment Advisors LLC’s holdings in Mastercard were worth $784,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Swedbank AB acquired a new stake in Mastercard during the 1st quarter valued at approximately $660,652,000. PineStone Asset Management Inc. grew its position in shares of Mastercard by 145.6% during the 2nd quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock valued at $784,148,000 after purchasing an additional 1,053,616 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Mastercard by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock worth $32,096,470,000 after acquiring an additional 742,076 shares during the last quarter. Capital International Investors lifted its stake in Mastercard by 3.3% in the fourth quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock worth $8,974,478,000 after purchasing an additional 676,452 shares during the last quarter. Finally, Capital Research Global Investors grew its holdings in Mastercard by 4.7% in the 4th quarter. Capital Research Global Investors now owns 13,608,023 shares of the credit services provider’s stock worth $5,803,956,000 after acquiring an additional 605,909 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. KeyCorp raised their price target on Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. TD Cowen boosted their target price on Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Citigroup increased their price objective on Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Compass Point started coverage on Mastercard in a research report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price target on the stock. Finally, Evercore ISI lowered their price target on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Five analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $512.08.

Mastercard Stock Performance

MA stock opened at $494.76 on Thursday. The company has a market capitalization of $459.94 billion, a P/E ratio of 39.33, a PEG ratio of 1.92 and a beta of 1.10. The business has a 50-day moving average price of $464.06 and a 200 day moving average price of $460.76. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $501.80. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, beating the consensus estimate of $3.51 by $0.08. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The company had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.85 billion. As a group, equities research analysts forecast that Mastercard Incorporated will post 14.29 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be paid a dividend of $0.66 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.53%. Mastercard’s dividend payout ratio is presently 20.99%.

Insider Activity at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 131,000 shares of Mastercard stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $459.46, for a total transaction of $60,189,260.00. Following the completion of the transaction, the insider now owns 92,426,308 shares in the company, valued at $42,466,191,473.68. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the sale, the chief financial officer now owns 27,304 shares in the company, valued at approximately $12,423,320. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 131,000 shares of the stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $459.46, for a total transaction of $60,189,260.00. Following the completion of the sale, the insider now owns 92,426,308 shares of the company’s stock, valued at approximately $42,466,191,473.68. The disclosure for this sale can be found here. Insiders have sold 605,124 shares of company stock worth $280,045,189 in the last quarter. Company insiders own 0.10% of the company’s stock.

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.