Aviso Wealth Management Raises Holdings in Mastercard Incorporated (NYSE:MA)

Aviso Wealth Management lifted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 23.9% in the third quarter, HoldingsChannel reports. The firm owned 2,385 shares of the credit services provider’s stock after acquiring an additional 460 shares during the period. Aviso Wealth Management’s holdings in Mastercard were worth $1,178,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Sarasin & Partners LLP grew its stake in Mastercard by 4.7% in the 3rd quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider’s stock worth $410,813,000 after acquiring an additional 37,486 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Mastercard by 4.8% in the 3rd quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider’s stock valued at $1,497,160,000 after purchasing an additional 138,842 shares during the last quarter. Coppell Advisory Solutions Corp. acquired a new position in shares of Mastercard in the 1st quarter valued at $608,000. SteelPeak Wealth LLC boosted its holdings in shares of Mastercard by 48.6% in the 2nd quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock valued at $2,174,000 after purchasing an additional 1,612 shares during the last quarter. Finally, OMC Financial Services LTD acquired a new position in shares of Mastercard in the 1st quarter valued at $17,854,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Stock Up 0.3 %

MA stock opened at $521.89 on Monday. Mastercard Incorporated has a 12 month low of $395.55 and a 12 month high of $534.03. The firm has a market cap of $479.01 billion, a PE ratio of 39.48, a P/E/G ratio of 2.28 and a beta of 1.10. The firm has a 50 day simple moving average of $504.09 and a 200 day simple moving average of $471.38. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29.

Mastercard (NYSE:MA) last released its earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. During the same period in the prior year, the business earned $3.39 earnings per share. The business’s quarterly revenue was up 12.8% on a year-over-year basis. Equities research analysts forecast that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were issued a dividend of $0.66 per share. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.51%. Mastercard’s dividend payout ratio is currently 19.97%.

Insider Activity

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the transaction, the chief marketing officer now owns 17,118 shares in the company, valued at approximately $8,440,885.80. This represents a 21.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 90,000 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the transaction, the insider now owns 91,649,308 shares in the company, valued at approximately $42,965,195,590.40. This trade represents a 0.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 99,370 shares of company stock worth $46,797,168 over the last 90 days. 0.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. William Blair upgraded shares of Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Morgan Stanley boosted their price objective on shares of Mastercard from $544.00 to $564.00 and gave the stock an “overweight” rating in a report on Thursday. Compass Point initiated coverage on shares of Mastercard in a report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price objective on the stock. TD Cowen boosted their price objective on shares of Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a report on Friday. Finally, Barclays boosted their price objective on shares of Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Four research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and a consensus target price of $549.16.

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.