Duncan Williams Asset Management LLC Raises Position in Mastercard Incorporated $MA

Duncan Williams Asset Management LLC lifted its position in shares of Mastercard Incorporated (NYSE:MA) by 2.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,726 shares of the credit services provider’s stock after acquiring an additional 131 shares during the quarter. Duncan Williams Asset Management LLC’s holdings in Mastercard were worth $3,780,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MA. Family Legacy Financial Solutions LLC acquired a new stake in shares of Mastercard in the 2nd quarter worth approximately $26,000. Flaharty Asset Management LLC acquired a new stake in Mastercard in the 1st quarter valued at about $27,000. Keystone Global Partners LLC acquired a new position in Mastercard during the first quarter worth about $31,000. Hughes Financial Services LLC acquired a new stake in shares of Mastercard in the first quarter valued at approximately $34,000. Finally, 1 North Wealth Services LLC acquired a new stake in shares of Mastercard in the first quarter valued at approximately $44,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MA. Wells Fargo & Company upped their target price on Mastercard from $625.00 to $650.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Wolfe Research set a $655.00 price objective on Mastercard in a research note on Monday, June 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a research note on Saturday, September 27th. TD Cowen restated a “buy” rating and issued a $645.00 target price on shares of Mastercard in a report on Monday, August 11th. Finally, Morgan Stanley boosted their price objective on shares of Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $630.89.

Mastercard Price Performance

Shares of MA stock opened at $581.08 on Monday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The firm has a fifty day simple moving average of $580.26 and a 200-day simple moving average of $562.03. The company has a market capitalization of $525.30 billion, a PE ratio of 39.18, a price-to-earnings-growth ratio of 2.38 and a beta of 0.97.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating analysts’ consensus estimates of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.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 business earned $3.50 EPS. The business’s quarterly revenue was up 16.8% on a year-over-year basis. Equities research analysts anticipate 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 will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s payout ratio is 20.50%.

Insiders Place Their Bets

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the business’s stock in a transaction on 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 transaction, the chief financial officer owned 31,234 shares in the company, 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 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.