Marion Wealth Management Buys 171 Shares of Mastercard Incorporated (NYSE:MA)

Marion Wealth Management lifted its stake in shares of Mastercard Incorporated (NYSE:MA) by 3.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,718 shares of the credit services provider’s stock after acquiring an additional 171 shares during the period. Marion Wealth Management’s holdings in Mastercard were worth $2,823,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in MA. McLean Asset Management Corp increased its stake in shares of Mastercard by 1.3% in the 3rd quarter. McLean Asset Management Corp now owns 1,677 shares of the credit services provider’s stock worth $834,000 after acquiring an additional 21 shares in the last quarter. Hoxton Planning & Management LLC increased its stake in shares of Mastercard by 1.4% during the first quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock valued at $788,000 after purchasing an additional 22 shares in the last quarter. Quilter Plc boosted its position in shares of Mastercard by 2.8% in the 2nd quarter. Quilter Plc now owns 801 shares of the credit services provider’s stock worth $353,000 after purchasing an additional 22 shares in the last quarter. Benin Management CORP boosted its position in shares of Mastercard by 3.0% in the 1st quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock worth $382,000 after purchasing an additional 23 shares in the last quarter. Finally, Atticus Wealth Management LLC increased its position in Mastercard by 1.3% during the 1st quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock valued at $835,000 after buying an additional 23 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on MA. Piper Sandler boosted their target price on Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. TD Cowen increased their price objective on shares of Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. KeyCorp lifted their target price on shares of Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Barclays increased their price target on shares of Mastercard from $530.00 to $536.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Finally, Compass Point initiated coverage on shares of Mastercard in a report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price objective for the company. Five research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $517.22.

Mastercard Trading Up 0.6 %

NYSE MA opened at $494.27 on Tuesday. The stock has a market cap of $459.48 billion, a PE ratio of 39.05, a PEG ratio of 1.96 and a beta of 1.10. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $501.80. The company’s 50-day moving average price is $476.54 and its 200-day moving average price is $462.27. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95.

Mastercard (NYSE:MA) last issued its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $0.08. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The business had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.85 billion. Equities research analysts forecast that Mastercard Incorporated will post 14.29 earnings per share for the current year.

Mastercard Announces Dividend

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

Insiders Place Their Bets

In other news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $455.00, for a total value 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 trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction on Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the transaction, the chief financial officer now directly owns 27,304 shares in the company, valued at approximately $12,423,320. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the transaction, the chief marketing officer now directly owns 17,118 shares in the company, valued at approximately $8,440,885.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 340,809 shares of company stock worth $159,610,703. 0.10% of the stock is currently owned by company insiders.

About Mastercard

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.