Calton & Associates Inc. Acquires New Shares in Mastercard Incorporated $MA

Calton & Associates Inc. acquired a new stake in shares of Mastercard Incorporated (NYSE:MA) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 659 shares of the credit services provider’s stock, valued at approximately $361,000.

Other hedge funds also recently modified their holdings of the company. Ethos Financial Group LLC boosted its holdings in shares of Mastercard by 19.5% during the 1st quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider’s stock valued at $1,683,000 after acquiring an additional 518 shares in the last quarter. Fortis Advisors LLC boosted its holdings in shares of Mastercard by 9.4% during the 1st quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider’s stock valued at $477,000 after acquiring an additional 75 shares in the last quarter. Canandaigua National Trust Co of Florida boosted its holdings in shares of Mastercard by 36.4% during the 1st quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider’s stock valued at $380,000 after acquiring an additional 185 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its holdings in shares of Mastercard by 18.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 6,870 shares of the credit services provider’s stock valued at $3,766,000 after acquiring an additional 1,047 shares in the last quarter. Finally, Baldwin Investment Management LLC boosted its holdings in shares of Mastercard by 5.7% during the 4th quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider’s stock valued at $911,000 after acquiring an additional 93 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling

In other news, insider Craig Vosburg sold 14,051 shares of the business’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $585.05, for a total value of $8,220,537.55. Following the transaction, the insider directly owned 58,451 shares of the company’s stock, valued at $34,196,757.55. The trade was a 19.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Raj Seshadri sold 1,100 shares of the business’s stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $546.77, for a total value of $601,447.00. Following the completion of the transaction, the insider directly owned 12,921 shares in the company, valued at $7,064,815.17. This represents a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,269 shares of company stock worth $30,634,699 over the last three months. Insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on MA. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Mastercard in a report on Friday, August 1st. Royal Bank Of Canada lifted their target price on Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Wolfe Research set a $655.00 target price on Mastercard in a report on Monday, June 23rd. Citigroup lifted their target price on Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a report on Monday, May 5th. Finally, KeyCorp lifted their target price on Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $617.93.

Mastercard Stock Up 0.9%

Shares of NYSE:MA opened at $595.92 on Monday. The company has a market capitalization of $538.71 billion, a price-to-earnings ratio of 40.18, a P/E/G ratio of 2.44 and a beta of 0.99. 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 business’s 50-day moving average is $568.38 and its 200-day moving average is $556.57. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.05 by $0.10. The company 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 firm’s revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the business earned $3.50 EPS. Equities research analysts predict 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 was paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th were paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, July 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.