Cwm LLC Purchases 1,753 Shares of Mastercard Incorporated $MA

Key Points

• Cwm LLC increased its stake in Mastercard by 2.4%, acquiring an additional 1,753 shares, bringing its total holdings to 73,927 shares valued at approximately $41.54 million.
• Mastercard received several analyst rating upgrades, with price targets rising to $660.00 from various firms, while the consensus rating remains a "Buy" with a target of $634.04.
• The company reported strong quarterly earnings of $4.15 per share, exceeding estimates, alongside a significant revenue increase of 16.8% year-over-year.

Cwm LLC boosted its position in Mastercard Incorporated (NYSE:MA - Free Report) by 2.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 73,927 shares of the credit services provider's stock after purchasing an additional 1,753 shares during the quarter. Cwm LLC's holdings in Mastercard were worth $41,543,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Accredited Investors Inc. raised its holdings in Mastercard by 2.6% in the first quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider's stock worth $394,000 after purchasing an additional 18 shares in the last quarter. Wealthstream Advisors Inc. raised its holdings in Mastercard by 2.9% in the first quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider's stock worth $347,000 after purchasing an additional 18 shares in the last quarter. KRS Capital Management LLC grew its stake in shares of Mastercard by 0.6% during the second quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider's stock worth $1,601,000 after acquiring an additional 18 shares during the last quarter. Pinion Investment Advisors LLC grew its stake in shares of Mastercard by 0.8% during the second quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider's stock worth $1,276,000 after acquiring an additional 18 shares during the last quarter. Finally, Phillips Wealth Planners LLC grew its stake in shares of Mastercard by 1.8% during the first quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider's stock worth $538,000 after acquiring an additional 19 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MA has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price target on Mastercard from $625.00 to $650.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft initiated coverage on Mastercard in a research note on Thursday, July 17th. They set a "buy" rating and a $650.00 price target on the stock. Robert W. Baird boosted their price target on Mastercard from $640.00 to $660.00 and gave the stock an "outperform" rating in a research note on Monday, October 6th. Royal Bank Of Canada boosted their price target on Mastercard from $650.00 to $656.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Finally, Wall Street Zen lowered Mastercard from a "buy" rating to a "hold" rating in a research note on Friday, September 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $634.04.

Insider Activity at Mastercard

In other news, CFO J. Mehra Sachin sold 17,263 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the sale, the chief financial officer owned 31,234 shares of the company's stock, valued at $18,459,294. This trade represents a 35.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.09% of the stock is owned by insiders.

Mastercard Price Performance

Shares of NYSE:MA opened at $556.80 on Friday. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The company's 50 day moving average is $581.01 and its 200 day moving average is $562.86. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The company has a market cap of $503.35 billion, a PE ratio of 37.55, a price-to-earnings-growth ratio of 2.28 and a beta of 0.97.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, topping the consensus estimate of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. During the same quarter in the prior year, the company earned $3.50 EPS. Mastercard's quarterly revenue was up 16.8% on a year-over-year basis. On average, sell-side analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be paid a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. Mastercard's dividend payout ratio (DPR) is presently 20.50%.

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.

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