Family Capital Management Inc. Raises Holdings in Mastercard Incorporated (NYSE:MA)

Family Capital Management Inc. boosted its stake in shares of Mastercard Incorporated (NYSE:MA) by 5.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 858 shares of the credit services provider’s stock after acquiring an additional 46 shares during the quarter. Family Capital Management Inc.’s holdings in Mastercard were worth $424,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Highline Wealth Partners LLC acquired a new stake in shares of Mastercard during the 3rd quarter valued at about $25,000. Strategic Investment Solutions Inc. IL purchased a new position in Mastercard during the second quarter worth approximately $34,000. Fairway Wealth LLC acquired a new stake in Mastercard in the second quarter valued at approximately $35,000. First Personal Financial Services purchased a new stake in shares of Mastercard in the third quarter valued at approximately $39,000. Finally, Lowe Wealth Advisors LLC raised its stake in shares of Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after buying an additional 37 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of research analyst reports. Piper Sandler reissued an “overweight” rating and issued a $575.00 price target (up previously from $565.00) on shares of Mastercard in a research note on Friday, November 15th. KeyCorp lifted their target price on shares of Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Mizuho upped their price target on shares of Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Barclays raised their price target on shares of Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, Macquarie boosted their price objective on Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $549.16.

Mastercard Stock Up 1.1 %

Shares of NYSE MA opened at $520.86 on Friday. Mastercard Incorporated has a 1 year low of $404.32 and a 1 year high of $534.03. The company has a market capitalization of $478.06 billion, a P/E ratio of 39.40, a P/E/G ratio of 2.29 and a beta of 1.10. The company has a 50 day simple moving average of $506.91 and a 200-day simple moving average of $473.69. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29.

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

Mastercard Announces Dividend

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

Insiders Place Their Bets

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s 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 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 legal filing with the SEC, which can be accessed through this hyperlink. 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.