Kingsview Wealth Management LLC Buys 7,972 Shares of Mastercard Incorporated $MA

Key Points

• Kingsview Wealth Management increased its Mastercard stake by 9.0% in the fourth quarter, buying 7,972 additional shares and bringing its total holding to 96,807 shares worth about $55.3 million.
• Mastercard reported strong quarterly results, posting EPS of $4.60 versus the $4.41 consensus and revenue of $8.40 billion, both above estimates; revenue rose 15.8% year over year.
• Analyst sentiment remains bullish overall, with an average rating of “Buy” and an average price target of $656.04, though Weiss Ratings recently downgraded the stock to Hold.

Kingsview Wealth Management LLC lifted its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 9.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 96,807 shares of the credit services provider's stock after purchasing an additional 7,972 shares during the period. Mastercard accounts for 0.8% of Kingsview Wealth Management LLC's holdings, making the stock its 24th biggest position. Kingsview Wealth Management LLC's holdings in Mastercard were worth $55,265,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in MA. Brighton Jones LLC raised its stake in shares of Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock worth $3,594,000 after purchasing an additional 2,028 shares in the last quarter. Schnieders Capital Management LLC. raised its stake in shares of Mastercard by 8.5% during the 2nd quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider's stock worth $1,432,000 after purchasing an additional 200 shares in the last quarter. Betterment LLC raised its stake in shares of Mastercard by 6.5% during the 2nd quarter. Betterment LLC now owns 947 shares of the credit services provider's stock worth $532,000 after purchasing an additional 58 shares in the last quarter. Worldquant Millennium Advisors LLC raised its stake in shares of Mastercard by 35.8% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 677,204 shares of the credit services provider's stock worth $380,548,000 after purchasing an additional 178,387 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new stake in shares of Mastercard during the 2nd quarter worth approximately $431,000. Institutional investors own 97.28% of the company's stock.

Mastercard Stock Up 0.5%

MA opened at $495.41 on Thursday. Mastercard Incorporated has a 1-year low of $480.50 and a 1-year high of $601.77. The stock's fifty day simple moving average is $501.38 and its 200 day simple moving average is $528.21. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56. The stock has a market cap of $437.74 billion, a PE ratio of 28.67, a price-to-earnings-growth ratio of 1.54 and a beta of 0.76.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, beating analysts' consensus estimates of $4.41 by $0.19. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The business had revenue of $8.40 billion for the quarter, compared to analysts' expectations of $8.26 billion. During the same quarter in the prior year, the business earned $3.73 EPS. The firm's revenue for the quarter was up 15.8% on a year-over-year basis. As a group, research analysts expect that Mastercard Incorporated will post 19.6 earnings per share for the current year.

More Mastercard News

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard obtained a New York BitLicense, a meaningful regulatory step that could help the company scale its cryptocurrency and stablecoin infrastructure. Mastercard Obtains New York BitLicense for Cryptocurrency Operations
• Positive Sentiment: Multiple reports highlighted the BitLicense win as approval for Mastercard’s digital currency strategy, which may strengthen confidence in future growth from regulated blockchain-based payments. Mastercard wins New York regulatory approval to scale digital currency infrastructure
• Positive Sentiment: Mastercard also disclosed it will participate in two investor conferences in June, keeping management visible to investors and offering another forum to discuss strategy and growth initiatives. Mastercard to Participate in Upcoming Investor Conferences
• Neutral Sentiment: Several interviews and commentary pieces featuring Mastercard executives may help maintain investor interest, but they do not appear to include major new financial guidance or operational updates. Mastercard CTO Ed McLaughlin on Firm’s Goal to ‘Set the Stage for the Future’
• Neutral Sentiment: Other articles discussed Mastercard as a long-term growth stock and its anniversary as a NYSE-listed company, which are broadly supportive but not likely to move the stock on their own.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on MA shares. Weiss Ratings cut Mastercard from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, April 24th. The Goldman Sachs Group reiterated a "buy" rating and set a $739.00 price objective on shares of Mastercard in a research note on Thursday, January 29th. JPMorgan Chase & Co. dropped their price target on Mastercard from $685.00 to $655.00 and set an "overweight" rating on the stock in a research note on Friday, January 30th. Bank of America started coverage on Mastercard in a research note on Thursday, March 5th. They issued a "buy" rating and a $700.00 price target on the stock. Finally, Wells Fargo & Company increased their price target on Mastercard from $660.00 to $668.00 and gave the company an "overweight" rating in a research note on Thursday, January 29th. Six analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $656.04.

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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