Mastercard Incorporated $MA Shares Purchased by WealthPlan Investment Management LLC

Key Points

• WealthPlan Investment Management LLC increased its stake in Mastercard by 13.4%, owning 21,714 shares valued at approximately $12.2 million.
• A number of institutional investors have acquired new positions in Mastercard, highlighting a strong interest in the stock, which is owned 97.28% by institutional investors and hedge funds.
• Mastercard recently reported strong quarterly earnings, with an EPS of $4.15 exceeding estimates, and announced a dividend of $0.76 per share, to be paid on November 7th.

WealthPlan Investment Management LLC lifted its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 13.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,714 shares of the credit services provider's stock after purchasing an additional 2,566 shares during the period. WealthPlan Investment Management LLC's holdings in Mastercard were worth $12,202,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MA. Family Legacy Financial Solutions LLC acquired a new position in shares of Mastercard in the second quarter valued at approximately $26,000. Flaharty Asset Management LLC acquired a new position in shares of Mastercard in the first quarter valued at approximately $27,000. Keystone Global Partners LLC acquired a new position in shares of Mastercard in the first quarter valued at approximately $31,000. Hughes Financial Services LLC acquired a new position in shares of Mastercard in the first quarter valued at approximately $34,000. Finally, 1 North Wealth Services LLC acquired a new position in shares of Mastercard in the first quarter valued at approximately $44,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Insider Buying and Selling

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

Analysts Set New Price Targets

MA has been the subject of a number of research reports. TD Cowen restated a "buy" rating and issued a $645.00 price objective on shares of Mastercard in a report on Monday, August 11th. Seaport Res Ptn upgraded shares of Mastercard from a "hold" rating to a "strong-buy" rating in a report on Monday, July 14th. Truist Financial lowered their price target on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a report on Thursday, July 17th. Weiss Ratings reiterated a "buy (b)" rating on shares of Mastercard in a report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Mastercard from a "buy" rating to a "hold" rating in a report on Friday, September 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, Mastercard currently has an average rating of "Buy" and an average price target of $634.04.

Mastercard Stock Down 0.8%

Shares of NYSE:MA opened at $563.30 on Thursday. The company has a market capitalization of $509.23 billion, a PE ratio of 37.98, a P/E/G ratio of 2.33 and a beta of 0.97. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The firm has a 50 day simple moving average of $580.71 and a 200-day simple moving average of $563.06.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company's revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.50 EPS. On average, equities analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard's payout ratio is currently 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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