Discipline Wealth Solutions LLC Invests $491,000 in Mastercard Incorporated (NYSE:MA)

Discipline Wealth Solutions LLC acquired a new position in Mastercard Incorporated (NYSE:MA) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 994 shares of the credit services provider’s stock, valued at approximately $491,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Unigestion Holding SA grew its position in Mastercard by 88.5% during the third quarter. Unigestion Holding SA now owns 140,678 shares of the credit services provider’s stock worth $69,439,000 after buying an additional 66,043 shares in the last quarter. Soltis Investment Advisors LLC raised its stake in shares of Mastercard by 5.9% in the third quarter. Soltis Investment Advisors LLC now owns 14,419 shares of the credit services provider’s stock valued at $7,120,000 after purchasing an additional 808 shares in the last quarter. TD Private Client Wealth LLC raised its stake in shares of Mastercard by 10.5% in the third quarter. TD Private Client Wealth LLC now owns 20,088 shares of the credit services provider’s stock valued at $9,919,000 after purchasing an additional 1,907 shares in the last quarter. Fortem Financial Group LLC lifted its position in Mastercard by 6.3% in the third quarter. Fortem Financial Group LLC now owns 1,482 shares of the credit services provider’s stock worth $732,000 after purchasing an additional 88 shares during the period. Finally, Arete Wealth Advisors LLC acquired a new stake in Mastercard during the third quarter worth $1,734,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Activity at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the sale, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at $7,363,085.66. This represents a 23.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.10% of the stock is currently owned by company insiders.

Mastercard Stock Up 1.2 %

Shares of MA opened at $529.16 on Wednesday. The business’s fifty day moving average price is $514.42 and its two-hundred day moving average price is $479.31. The firm has a market capitalization of $485.68 billion, a price-to-earnings ratio of 40.03, a PEG ratio of 2.35 and a beta of 1.10. Mastercard Incorporated has a 52 week low of $411.60 and a 52 week high of $535.77. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.16. The business had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the business earned $3.39 earnings per share. On average, analysts predict that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is 19.97%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MA. William Blair restated an “outperform” rating on shares of Mastercard in a research note on Monday, November 25th. Jefferies Financial Group increased their price target on shares of Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research report on Monday. BNP Paribas downgraded Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective on the stock. in a report on Tuesday, September 3rd. Citigroup increased their target price on Mastercard from $566.00 to $572.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, TD Cowen boosted their price target on Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Four analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $559.28.

Mastercard 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.