Acumen Wealth Advisors LLC Acquires 2,891 Shares of Mastercard Incorporated $MA

Acumen Wealth Advisors LLC boosted its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 1,818.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,050 shares of the credit services provider's stock after acquiring an additional 2,891 shares during the period. Acumen Wealth Advisors LLC's holdings in Mastercard were worth $1,524,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MA. Vanguard Group Inc. boosted its holdings in shares of Mastercard by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 79,897,854 shares of the credit services provider's stock worth $45,612,087,000 after acquiring an additional 466,514 shares during the period. J. Stern & Co. LLP increased its stake in shares of Mastercard by 53,535.0% during the fourth quarter. J. Stern & Co. LLP now owns 72,597,097 shares of the credit services provider's stock worth $41,444,231,000 after purchasing an additional 72,461,743 shares during the period. State Street Corp increased its stake in shares of Mastercard by 2.8% during the third quarter. State Street Corp now owns 36,580,374 shares of the credit services provider's stock worth $20,807,283,000 after purchasing an additional 997,536 shares during the period. Geode Capital Management LLC lifted its holdings in Mastercard by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 20,686,605 shares of the credit services provider's stock worth $11,773,153,000 after purchasing an additional 349,369 shares during the last quarter. Finally, Capital International Investors boosted its stake in Mastercard by 4.4% in the 4th quarter. Capital International Investors now owns 17,964,658 shares of the credit services provider's stock valued at $10,256,368,000 after purchasing an additional 759,584 shares during the period. 97.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on MA shares. Piper Sandler assumed coverage on Mastercard in a report on Monday, June 29th. They issued an "overweight" rating and a $597.00 price objective on the stock. TD Cowen reduced their target price on shares of Mastercard from $671.00 to $664.00 and set a "buy" rating for the company in a research report on Tuesday, July 7th. Raymond James Financial set a $609.00 price target on shares of Mastercard in a research note on Friday, May 1st. UBS Group reaffirmed a "buy" rating on shares of Mastercard in a research report on Thursday, June 25th. Finally, Clear Str upgraded shares of Mastercard to a "strong-buy" rating in a research note on Thursday, July 16th. Eight equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $653.92.

Mastercard Price Performance

Shares of NYSE MA opened at $537.33 on Wednesday. The business has a fifty day moving average price of $505.73 and a two-hundred day moving average price of $515.35. The stock has a market capitalization of $474.78 billion, a PE ratio of 31.10, a P/E/G ratio of 1.71 and a beta of 0.73. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98. Mastercard Incorporated has a fifty-two week low of $464.52 and a fifty-two week high of $601.77.

Mastercard (NYSE:MA - Get Free Report) last released its earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.41 by $0.19. The company had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.26 billion. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.Mastercard's quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the firm posted $3.73 EPS. As a group, equities analysts predict that Mastercard Incorporated will post 19.62 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 9th will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, July 9th. Mastercard's dividend payout ratio (DPR) is currently 20.14%.

Insider Activity at Mastercard

In related news, insider Raj Seshadri sold 4,828 shares of Mastercard stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $525.00, for a total value of $2,534,700.00. Following the transaction, the insider directly owned 16,429 shares of the company's stock, valued at $8,625,225. This trade represents a 22.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandra A. Arkell sold 200 shares of the business's stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $540.00, for a total transaction of $108,000.00. Following the transaction, the insider owned 3,322 shares of the company's stock, valued at approximately $1,793,880. This represents a 5.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 7,005 shares of company stock valued at $3,689,976 over the last 90 days. Corporate insiders own 0.09% of the company's stock.

Key Headlines Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard and Al Etihad Payments announced the first co-badged Jaywan-Mastercard credit card, a new partnership that could expand Mastercard’s footprint in the UAE and support payment-network volume growth. Al Etihad Payments, Mastercard launch world's first Jaywan-Mastercard co-badged credit card
• Positive Sentiment: Mastercard was highlighted as a strong momentum stock, reinforcing the view that the company still has favorable fundamental and trading characteristics despite recent weakness. Here's Why MasterCard (MA) is a Strong Momentum Stock
• Positive Sentiment: Mastercard and Lithic introduced a way to make small-business loan proceeds spend-ready, a payments-adjacent product that could deepen Mastercard’s role in SMB finance workflows. Lithic and Mastercard Make SMB Loans Ready to Spend

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.

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