Fullcircle Wealth LLC Grows Holdings in Mastercard Incorporated (NYSE:MA)

Fullcircle Wealth LLC increased its position in shares of Mastercard Incorporated (NYSE:MA) by 1.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,223 shares of the credit services provider’s stock after purchasing an additional 34 shares during the quarter. Fullcircle Wealth LLC’s holdings in Mastercard were worth $1,638,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MA. Vanguard Group Inc. increased its holdings in Mastercard by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 75,584,606 shares of the credit services provider’s stock worth $36,399,279,000 after acquiring an additional 330,872 shares during the period. Capital Research Global Investors increased its holdings in shares of Mastercard by 0.3% in the 1st quarter. Capital Research Global Investors now owns 13,651,904 shares of the credit services provider’s stock worth $6,574,347,000 after buying an additional 43,881 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Mastercard by 120,665.3% in the 3rd quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock worth $3,971,020,000 after buying an additional 8,035,099 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Mastercard by 1.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,082,729 shares of the credit services provider’s stock worth $2,241,297,000 after buying an additional 71,569 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in shares of Mastercard by 2.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,327,168 shares of the credit services provider’s stock worth $1,908,973,000 after buying an additional 113,238 shares during the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the transaction, the chief financial officer now directly owns 27,304 shares in the company, valued at approximately $12,423,320. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the sale, the chief marketing officer now directly owns 17,118 shares in the company, valued at approximately $8,440,885.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the sale, the chief financial officer now owns 27,304 shares of the company’s stock, valued at $12,423,320. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 340,809 shares of company stock valued at $159,610,703. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MA. Piper Sandler reissued an “overweight” rating and set a $565.00 price target (up previously from $536.00) on shares of Mastercard in a research report on Friday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research note on Friday. Mizuho lifted their price target on shares of Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a research note on Friday. TD Cowen raised their price objective on shares of Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Argus raised shares of Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $537.92.

Mastercard Trading Up 1.7 %

Shares of Mastercard stock traded up $8.49 on Friday, reaching $508.08. 3,753,713 shares of the company were exchanged, compared to its average volume of 2,450,197. The stock has a fifty day moving average price of $495.77 and a 200-day moving average price of $466.84. The firm has a market capitalization of $469.38 billion, a price-to-earnings ratio of 38.86, a price-to-earnings-growth ratio of 2.27 and a beta of 1.10. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. Mastercard Incorporated has a fifty-two week low of $378.48 and a fifty-two week high of $527.90.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.73 by $0.16. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The company had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. During the same quarter in the prior year, the company posted $3.39 EPS. The firm’s revenue was up 12.8% on a year-over-year basis. On average, analysts expect that Mastercard Incorporated will post 14.33 EPS for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be issued a $0.66 dividend. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.52%. Mastercard’s payout ratio is presently 20.18%.

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.