Wheelhouse Advisory Group LLC Purchases 56 Shares of Mastercard Incorporated $MA

Wheelhouse Advisory Group LLC increased its position in Mastercard Incorporated (NYSE:MA) by 4.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,336 shares of the credit services provider’s stock after purchasing an additional 56 shares during the quarter. Mastercard makes up about 0.4% of Wheelhouse Advisory Group LLC’s portfolio, making the stock its 24th biggest position. Wheelhouse Advisory Group LLC’s holdings in Mastercard were worth $751,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of MA. Kingstone Capital Partners Texas LLC bought a new position in Mastercard in the second quarter worth approximately $11,421,213,000. Nuveen LLC bought a new position in Mastercard in the first quarter worth approximately $4,238,764,000. Wellington Management Group LLP grew its stake in Mastercard by 38.6% in the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock worth $7,413,936,000 after purchasing an additional 3,765,378 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Mastercard by 3,493.6% in the second quarter. Assenagon Asset Management S.A. now owns 934,110 shares of the credit services provider’s stock worth $524,914,000 after purchasing an additional 908,116 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Mastercard by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock valued at $11,015,557,000 after acquiring an additional 907,184 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the completion of the sale, the chief financial officer owned 31,234 shares of the company’s stock, valued at approximately $18,459,294. The trade was a 35.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.09% of the stock is owned by insiders.

Mastercard Stock Up 0.1%

Mastercard stock opened at $579.24 on Wednesday. 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 stock has a market capitalization of $523.64 billion, a price-to-earnings ratio of 39.06, a PEG ratio of 2.37 and a beta of 0.97. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The business has a fifty day moving average price of $580.78 and a 200-day moving average price of $562.45.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, topping analysts’ consensus estimates of $4.05 by $0.10. The firm had revenue of $8.13 billion during the quarter, compared to analysts’ expectations of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter last year, the firm earned $3.50 EPS. Equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm 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 $0.76 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. Mastercard’s dividend payout ratio (DPR) is presently 20.50%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Truist Financial dropped their target price on Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a research report on Thursday, July 17th. Seaport Res Ptn raised Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. Royal Bank Of Canada increased their target price on Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Morgan Stanley increased their target price on Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Finally, Wolfe Research set a $655.00 target price on Mastercard in a research report on Monday, June 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $634.04.

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.