Vicus Capital Grows Stock Holdings in Mastercard Incorporated $MA

Vicus Capital boosted its holdings in Mastercard Incorporated (NYSE:MA) by 58.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 963 shares of the credit services provider’s stock after buying an additional 356 shares during the period. Vicus Capital’s holdings in Mastercard were worth $541,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Accredited Investors Inc. grew its position in shares of Mastercard by 2.6% during the 1st quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider’s stock valued at $394,000 after purchasing an additional 18 shares in the last quarter. Wealthstream Advisors Inc. grew its position in shares of Mastercard by 2.9% during the 1st quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider’s stock valued at $347,000 after purchasing an additional 18 shares in the last quarter. Phillips Wealth Planners LLC grew its position in shares of Mastercard by 1.8% during the 1st quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider’s stock valued at $538,000 after purchasing an additional 19 shares in the last quarter. Alta Wealth Advisors LLC grew its position in shares of Mastercard by 3.6% during the 1st quarter. Alta Wealth Advisors LLC now owns 540 shares of the credit services provider’s stock valued at $296,000 after purchasing an additional 19 shares in the last quarter. Finally, May Hill Capital LLC grew its position in shares of Mastercard by 2.0% during the 1st quarter. May Hill Capital LLC now owns 986 shares of the credit services provider’s stock valued at $540,000 after purchasing an additional 19 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total value of $10,456,032.24. Following the transaction, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,330,922.26. The trade was a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Julius Genachowski sold 312 shares of the business’s stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $570.67, for a total transaction of $178,049.04. Following the completion of the transaction, the director owned 8,469 shares in the company, valued at $4,833,004.23. The trade was a 3.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,391 shares of company stock worth $20,836,514 in the last 90 days. Corporate insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on MA. Wolfe Research set a $655.00 price target on shares of Mastercard in a research report on Monday, June 23rd. Truist Financial reduced their price target on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a research report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft started coverage on shares of Mastercard in a report on Thursday, July 17th. They set a “buy” rating and a $650.00 price objective for the company. Jefferies Financial Group reaffirmed a “buy” rating on shares of Mastercard in a report on Friday, June 6th. Finally, TD Cowen reaffirmed a “buy” rating and set a $645.00 price objective on shares of Mastercard in a report on Monday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $630.89.

Mastercard Stock Performance

Mastercard stock opened at $577.76 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The company has a market capitalization of $522.30 billion, a PE ratio of 38.96, a P/E/G ratio of 2.35 and a beta of 0.97. The firm has a fifty day simple moving average of $580.00 and a two-hundred day simple moving average of $561.32. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77.

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

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be given a $0.76 dividend. The ex-dividend date is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. Mastercard’s payout ratio is presently 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.