Kingsview Wealth Management LLC Purchases 6,732 Shares of Mastercard Incorporated (NYSE:MA)

Kingsview Wealth Management LLC increased its position in shares of Mastercard Incorporated (NYSE:MA) by 10.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 68,959 shares of the credit services provider’s stock after buying an additional 6,732 shares during the period. Kingsview Wealth Management LLC’s holdings in Mastercard were worth $34,052,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Highline Wealth Partners LLC bought a new stake in Mastercard in the third quarter valued at $25,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Mastercard during the second quarter valued at about $34,000. Fairway Wealth LLC acquired a new position in shares of Mastercard during the second quarter valued at about $35,000. First Personal Financial Services acquired a new position in shares of Mastercard during the third quarter valued at about $39,000. Finally, Lowe Wealth Advisors LLC grew its holdings in shares of Mastercard by 74.0% during the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after buying an additional 37 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction 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 in the company, valued at approximately $7,363,085.66. This represents a 23.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on MA shares. Piper Sandler restated an “overweight” rating and set a $575.00 price target (up from $565.00) on shares of Mastercard in a report on Friday, November 15th. Argus upgraded shares of Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. Morgan Stanley boosted their price target on shares of Mastercard from $544.00 to $564.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Macquarie boosted their price target on shares of Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Barclays boosted their price target 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 given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $549.16.

Mastercard Price Performance

Shares of Mastercard stock opened at $520.76 on Friday. Mastercard Incorporated has a 52-week low of $404.32 and a 52-week high of $534.03. The stock has a market capitalization of $477.97 billion, a price-to-earnings ratio of 39.39, a price-to-earnings-growth ratio of 2.29 and a beta of 1.10. The company has a fifty day moving average of $506.91 and a 200-day moving average of $473.55. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter in the prior year, the company earned $3.39 EPS. The firm’s revenue was up 12.8% on a year-over-year basis. Equities research analysts expect that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard Dividend Announcement

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

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.