453 Shares in Mastercard Incorporated (NYSE:MA) Acquired by Falcon Wealth Planning

Falcon Wealth Planning acquired a new stake in Mastercard Incorporated (NYSE:MA) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 453 shares of the credit services provider’s stock, valued at approximately $224,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MA. Highline Wealth Partners LLC purchased a new stake in Mastercard in the 3rd quarter valued at $25,000. Strategic Investment Solutions Inc. IL purchased a new position in Mastercard during the second quarter worth about $34,000. Fairway Wealth LLC acquired a new position in Mastercard in the 2nd quarter valued at about $35,000. Lowe Wealth Advisors LLC grew its stake in shares of Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after buying an additional 37 shares during the period. Finally, VitalStone Financial LLC raised its position in shares of Mastercard by 55.0% during the 1st quarter. VitalStone Financial LLC now owns 93 shares of the credit services provider’s stock valued at $45,000 after buying an additional 33 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Activity

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the transaction, the chief marketing officer now directly owns 15,031 shares in the company, valued at approximately $7,363,085.66. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the transaction, the chief marketing officer now directly owns 15,031 shares in the company, valued at $7,363,085.66. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 90,000 shares of Mastercard stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the completion of the sale, the insider now directly owns 91,649,308 shares in the company, valued at approximately $42,965,195,590.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 327,370 shares of company stock valued at $153,495,958. Insiders own 0.10% of the company’s stock.

Mastercard Stock Down 0.1 %

NYSE MA traded down $0.48 during trading on Tuesday, reaching $505.10. 233,957 shares of the company’s stock were exchanged, compared to its average volume of 2,438,510. Mastercard Incorporated has a 1 year low of $384.20 and a 1 year high of $527.90. The stock has a market cap of $466.63 billion, a P/E ratio of 38.24, a price-to-earnings-growth ratio of 2.23 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. The company has a 50 day moving average price of $496.51 and a two-hundred day moving average price of $467.30.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.73 by $0.16. The company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm’s revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the firm posted $3.39 earnings per share. On average, equities research analysts anticipate that Mastercard Incorporated will post 14.4 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is currently 19.97%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. BNP Paribas cut Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price for the company. in a research note on Tuesday, September 3rd. Piper Sandler reiterated an “overweight” rating and set a $565.00 price target (up from $536.00) on shares of Mastercard in a research report on Friday. Citigroup upped their price objective on shares of Mastercard from $566.00 to $572.00 and gave the stock a “buy” rating in a report on Monday. Argus upgraded shares of Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $540.17.

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.