1776 Wealth LLC Buys 955 Shares of Mastercard Incorporated $MA

1776 Wealth LLC increased its stake in shares of Mastercard Incorporated (NYSE:MA) by 170.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,514 shares of the credit services provider’s stock after acquiring an additional 955 shares during the period. 1776 Wealth LLC’s holdings in Mastercard were worth $861,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MA. LGT Financial Advisors LLC acquired a new position in shares of Mastercard during the second quarter worth about $25,000. Evolution Wealth Management Inc. bought a new stake in Mastercard in the 2nd quarter valued at approximately $29,000. IMG Wealth Management Inc. acquired a new position in Mastercard during the 2nd quarter worth approximately $31,000. Robbins Farley grew its stake in shares of Mastercard by 50.0% during the 3rd quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock worth $31,000 after acquiring an additional 18 shares in the last quarter. Finally, True Wealth Design LLC raised its holdings in shares of Mastercard by 45.2% in the second quarter. True Wealth Design LLC now owns 61 shares of the credit services provider’s stock valued at $34,000 after purchasing an additional 19 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Performance

Shares of MA opened at $537.69 on Thursday. The firm has a market capitalization of $482.85 billion, a P/E ratio of 32.55, a P/E/G ratio of 1.75 and a beta of 0.83. The stock has a 50 day moving average price of $554.67 and a two-hundred day moving average price of $563.75. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.12 and a current ratio of 1.03.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, January 29th. The credit services provider reported $4.76 EPS for the quarter, topping the consensus estimate of $4.24 by $0.52. The firm had revenue of $8.81 billion for the quarter, compared to analysts’ expectations of $8.80 billion. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the firm earned $3.82 EPS. Equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Thursday, April 9th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Thursday, April 9th. Mastercard’s dividend payout ratio is 21.07%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Evercore set a $610.00 target price on shares of Mastercard in a report on Friday, December 12th. Daiwa America upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Wall Street Zen upgraded Mastercard from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Raymond James Financial cut their price objective on Mastercard from $707.00 to $631.00 and set an “outperform” rating for the company in a report on Thursday, January 29th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $656.00 price objective on shares of Mastercard in a research report on Friday, January 30th. Six research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Mastercard has a consensus rating of “Buy” and an average price target of $669.27.

Mastercard Company 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.