Elwood & Goetz Wealth Advisory Group LLC Grows Stock Holdings in Mastercard Incorporated (NYSE:MA)

Elwood & Goetz Wealth Advisory Group LLC grew its holdings in Mastercard Incorporated (NYSE:MA) by 7.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 519 shares of the credit services provider’s stock after buying an additional 37 shares during the period. Elwood & Goetz Wealth Advisory Group LLC’s holdings in Mastercard were worth $256,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in MA. Brookstone Capital Management increased its position in Mastercard by 3.4% during the first quarter. Brookstone Capital Management now owns 7,272 shares of the credit services provider’s stock valued at $3,502,000 after acquiring an additional 237 shares during the last quarter. Webster Bank N. A. boosted its stake in shares of Mastercard by 5.6% during the 1st quarter. Webster Bank N. A. now owns 1,818 shares of the credit services provider’s stock worth $875,000 after purchasing an additional 97 shares during the period. Occidental Asset Management LLC grew its holdings in Mastercard by 17.7% during the 1st quarter. Occidental Asset Management LLC now owns 598 shares of the credit services provider’s stock valued at $288,000 after purchasing an additional 90 shares during the last quarter. Vicus Capital raised its position in Mastercard by 40.1% in the 1st quarter. Vicus Capital now owns 1,788 shares of the credit services provider’s stock worth $861,000 after purchasing an additional 512 shares during the period. Finally, CRA Financial Services LLC lifted its stake in Mastercard by 1.3% in the first quarter. CRA Financial Services LLC now owns 7,279 shares of the credit services provider’s stock worth $3,506,000 after purchasing an additional 94 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on MA shares. BNP Paribas cut Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price on the stock. in a research note on Tuesday, September 3rd. Oppenheimer initiated coverage on Mastercard in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 target price on the stock. Compass Point started coverage on Mastercard in a research report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 target price for the company. Susquehanna upped their price target on shares of Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a report on Thursday, August 1st. Finally, Barclays lifted their price objective on shares of Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Four research analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $525.68.

Mastercard Trading Down 0.6 %

MA opened at $507.36 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. The firm has a market cap of $471.65 billion, a price-to-earnings ratio of 40.33, a PEG ratio of 2.27 and a beta of 1.10. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $518.82. The stock has a fifty day moving average price of $491.84 and a 200-day moving average price of $465.44.

Mastercard (NYSE:MA) last announced its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $0.08. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The business had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.85 billion. As a group, equities research analysts anticipate that Mastercard Incorporated will post 14.32 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

Insiders Place Their Bets

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was 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 owns 15,031 shares of the company’s stock, valued at $7,363,085.66. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction that occurred on 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 transaction, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at $7,363,085.66. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was 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 approximately $12,423,320. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 340,809 shares of company stock valued at $159,610,703. 0.10% of the stock is currently 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.