CWS Financial Advisors LLC Has $748,000 Position in Mastercard Incorporated $MA

CWS Financial Advisors LLC lessened its stake in shares of Mastercard Incorporated (NYSE:MA) by 11.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,331 shares of the credit services provider’s stock after selling 167 shares during the quarter. CWS Financial Advisors LLC’s holdings in Mastercard were worth $748,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Accredited Investors Inc. increased its position in Mastercard by 2.6% in the 1st quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider’s stock valued at $394,000 after acquiring an additional 18 shares during the period. Wealthstream Advisors Inc. increased its holdings in Mastercard by 2.9% in the first quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider’s stock worth $347,000 after purchasing an additional 18 shares in the last quarter. Pinion Investment Advisors LLC lifted its position in shares of Mastercard by 0.8% during the 2nd quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider’s stock valued at $1,276,000 after acquiring an additional 18 shares during the period. KRS Capital Management LLC raised its holdings in shares of Mastercard by 0.6% during the second quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider’s stock valued at $1,601,000 after purchasing an additional 18 shares during the period. Finally, Nvest Financial LLC increased its position in Mastercard by 1.2% in the 2nd quarter. Nvest Financial LLC now owns 1,505 shares of the credit services provider’s stock valued at $846,000 after buying an additional 18 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Performance

Mastercard stock opened at $545.31 on Friday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The firm’s fifty day moving average price is $568.49 and its 200-day moving average price is $569.72. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The stock has a market cap of $489.68 billion, a P/E ratio of 36.77, a price-to-earnings-growth ratio of 2.27 and a beta of 0.92.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. The firm had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $8.53 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the prior year, the business earned $3.89 EPS. On average, equities research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Thursday, October 9th were given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 0.6%. The ex-dividend date was Thursday, October 9th. Mastercard’s dividend payout ratio is presently 19.44%.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. UBS Group upped their price objective on shares of Mastercard from $690.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Macquarie lifted their price target on Mastercard from $655.00 to $660.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Truist Financial dropped their target price on shares of Mastercard from $638.00 to $630.00 and set a “buy” rating on the stock in a research note on Tuesday, November 4th. Wells Fargo & Company cut their price target on Mastercard from $669.00 to $660.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Finally, Tigress Financial raised their price objective on shares of Mastercard from $685.00 to $730.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 6th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $652.50.

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.