Foster Victor Wealth Advisors LLC Acquires 1,274 Shares of Mastercard Incorporated (NYSE:MA)

Foster Victor Wealth Advisors LLC boosted its holdings in Mastercard Incorporated (NYSE:MA) by 2.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 46,770 shares of the credit services provider’s stock after acquiring an additional 1,274 shares during the period. Mastercard accounts for about 1.6% of Foster Victor Wealth Advisors LLC’s investment portfolio, making the stock its 6th largest position. Foster Victor Wealth Advisors LLC’s holdings in Mastercard were worth $23,382,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in MA. Westend Capital Management LLC acquired a new stake in shares of Mastercard during the 1st quarter worth about $27,000. Palisade Asset Management LLC acquired a new stake in shares of Mastercard in the first quarter worth approximately $27,000. Scarborough Advisors LLC acquired a new stake in shares of Mastercard in the fourth quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Mastercard in the second quarter worth approximately $34,000. Finally, Fairway Wealth LLC acquired a new stake in shares of Mastercard in the second quarter worth approximately $35,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the transaction, the chief financial officer now owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the sale, the chief financial officer now directly owns 27,304 shares in the company, valued at $12,423,320. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 109,000 shares of Mastercard stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the sale, the insider now owns 91,924,308 shares in the company, valued at approximately $42,970,017,774.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 340,809 shares of company stock valued at $159,610,703. 0.10% of the stock is currently owned by company insiders.

Mastercard Stock Performance

Shares of MA opened at $507.23 on Wednesday. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $509.88. The company has a market cap of $471.53 billion, a price-to-earnings ratio of 40.32, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a fifty day moving average of $483.26 and a 200-day moving average of $463.24.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.08. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The company had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.85 billion. As a group, equities analysts anticipate that Mastercard Incorporated will post 14.3 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is 20.99%.

Analyst Ratings Changes

MA has been the topic of several research analyst reports. Argus raised shares of Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. TD Cowen raised their price target on shares of Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Evercore ISI cut their price target on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. BNP Paribas lowered shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target on the stock. in a report on Tuesday, September 3rd. Finally, KeyCorp raised their price target on shares of Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $523.27.

Mastercard 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.