Accretive Wealth Partners LLC Has $1.23 Million Stake in Mastercard Incorporated (NYSE:MA)

Accretive Wealth Partners LLC cut its stake in shares of Mastercard Incorporated (NYSE:MA) by 2.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,490 shares of the credit services provider’s stock after selling 74 shares during the quarter. Accretive Wealth Partners LLC’s holdings in Mastercard were worth $1,229,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Raymond James Trust N.A. raised its stake in Mastercard by 0.4% during the third quarter. Raymond James Trust N.A. now owns 18,875 shares of the credit services provider’s stock worth $9,320,000 after buying an additional 83 shares during the last quarter. AlphaCore Capital LLC grew its holdings in Mastercard by 64.8% during the 3rd quarter. AlphaCore Capital LLC now owns 1,312 shares of the credit services provider’s stock worth $648,000 after acquiring an additional 516 shares during the period. 49 Wealth Management LLC bought a new position in shares of Mastercard in the 3rd quarter worth about $231,000. Eagle Asset Management Inc. lifted its stake in shares of Mastercard by 10.7% in the 3rd quarter. Eagle Asset Management Inc. now owns 38,330 shares of the credit services provider’s stock valued at $20,114,000 after purchasing an additional 3,702 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Mastercard by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider’s stock valued at $2,474,151,000 after purchasing an additional 100,550 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of Mastercard stock opened at $515.10 on Friday. The firm has a market capitalization of $472.77 billion, a P/E ratio of 38.96, a price-to-earnings-growth ratio of 2.31 and a beta of 1.10. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. The business’s fifty day simple moving average is $506.36 and its 200 day simple moving average is $473.05. Mastercard Incorporated has a 12 month low of $404.32 and a 12 month high of $534.03.

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

Mastercard Announces Dividend

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

Analyst Upgrades and Downgrades

MA has been the subject of a number of research analyst reports. Morgan Stanley lifted their target price on Mastercard from $544.00 to $564.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. TD Cowen lifted their price objective on shares of Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a research report on Friday, November 1st. KeyCorp raised their price target on shares of Mastercard from $515.00 to $580.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Finally, Oppenheimer initiated coverage on shares of Mastercard in a report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 price objective on the stock. Four investment 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 stock. Based on data from MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus target price of $549.16.

Insiders Place Their Bets

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the sale, the chief marketing officer now directly owns 15,031 shares in the company, valued at $7,363,085.66. This trade represents a 23.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.10% of the company’s stock.

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.