Fifth Third Wealth Advisors LLC Grows Holdings in Mastercard Incorporated $MA

Key Points

• Fifth Third Wealth Advisors LLC increased its holdings in Mastercard by 3.9% in Q2, now owning 21,640 shares valued at approximately $12.16 million.
• Mastercard's recent earnings report showed an EPS of $4.15, surpassing analysts' expectations, with revenue up by 16.8% year-over-year.
• Analysts have a consensus rating of Buy for Mastercard, with a target price ranging from $612.00 to $656.00.

Fifth Third Wealth Advisors LLC boosted its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 3.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,640 shares of the credit services provider's stock after purchasing an additional 807 shares during the quarter. Fifth Third Wealth Advisors LLC's holdings in Mastercard were worth $12,160,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of MA. Accredited Investors Inc. grew its stake in shares of Mastercard by 2.6% in the 1st quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider's stock worth $394,000 after buying an additional 18 shares during the last quarter. Wealthstream Advisors Inc. grew its stake in shares of 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 acquiring an additional 18 shares during the last quarter. KRS Capital Management LLC grew its stake in shares of Mastercard by 0.6% in 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% in 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 position in Mastercard by 1.8% during the 1st quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider's stock valued at $538,000 after purchasing an additional 19 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Wall Street Analysts Forecast Growth

MA has been the topic of several recent analyst reports. Weiss Ratings reissued a "buy (b)" rating on shares of Mastercard in a research report on Wednesday. Wall Street Zen cut shares of Mastercard from a "buy" rating to a "hold" rating in a report on Friday, September 26th. Wells Fargo & Company increased their target price on Mastercard from $625.00 to $650.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Truist Financial cut their target price on Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a research note on Thursday, July 17th. Finally, Royal Bank Of Canada increased their target price on Mastercard from $650.00 to $656.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Mastercard has a consensus rating of "Buy" and a consensus target price of $634.04.

Insider Activity

In related news, CFO J. Mehra Sachin sold 17,816 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total value of $10,456,032.24. Following the transaction, the chief financial officer owned 31,234 shares of the company's stock, valued at approximately $18,330,922.26. This trade represents a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.09% of the company's stock.

Mastercard Stock Performance

MA stock opened at $556.80 on Friday. The company has a market cap of $503.35 billion, a P/E ratio of 37.55, a price-to-earnings-growth ratio of 2.31 and a beta of 0.97. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The stock's fifty day moving average price is $581.01 and its 200-day moving average price is $562.77.

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

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be issued a $0.76 dividend. 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%.

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.

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