FORVIS Wealth Advisors LLC Acquires 748 Shares of Mastercard Incorporated (NYSE:MA)

FORVIS Wealth Advisors LLC increased its position in Mastercard Incorporated (NYSE:MA) by 6.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,387 shares of the credit services provider’s stock after acquiring an additional 748 shares during the period. FORVIS Wealth Advisors LLC’s holdings in Mastercard were worth $5,965,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Altshuler Shaham Ltd bought a new stake in shares of Mastercard in the fourth quarter worth $26,000. VitalStone Financial LLC lifted its position in Mastercard by 300.0% during the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 45 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new position in Mastercard during the fourth quarter valued at $27,000. Westend Capital Management LLC purchased a new position in Mastercard during the first quarter valued at $27,000. Finally, Scarborough Advisors LLC purchased a new position in Mastercard during the fourth quarter valued at $28,000. Institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MA. Evercore ISI lowered their target price on Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. JPMorgan Chase & Co. lowered their price objective on Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Susquehanna restated a “positive” rating and issued a $535.00 price objective on shares of Mastercard in a research report on Wednesday, April 3rd. Robert W. Baird boosted their price objective on Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. Finally, Morgan Stanley lowered their price objective on Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $496.91.

Insider Activity

In other news, insider Sandra A. Arkell sold 300 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $447.23, for a total transaction of $134,169.00. Following the completion of the sale, the insider now owns 4,063 shares in the company, valued at approximately $1,817,095.49. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Sandra A. Arkell sold 300 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $447.23, for a total transaction of $134,169.00. Following the completion of the sale, the insider now owns 4,063 shares in the company, valued at approximately $1,817,095.49. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 111,000 shares of the company’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $457.15, for a total value of $50,743,650.00. Following the completion of the transaction, the insider now directly owns 97,432,308 shares in the company, valued at $44,541,179,602.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,163,228 shares of company stock worth $1,428,540,870. Insiders own 0.10% of the company’s stock.

Mastercard Trading Up 0.8 %

Shares of NYSE MA traded up $3.53 during trading hours on Thursday, reaching $448.18. The stock had a trading volume of 3,192,350 shares, compared to its average volume of 2,526,183. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. The firm has a market cap of $416.63 billion, a price-to-earnings ratio of 35.63, a P/E/G ratio of 1.74 and a beta of 1.09. The business’s fifty day moving average price is $450.47 and its two-hundred day moving average price is $453.59. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week high of $490.00.

Mastercard (NYSE:MA) last posted its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. The company had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. Mastercard’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.80 earnings per share. Analysts expect that Mastercard Incorporated will post 14.26 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.59%. Mastercard’s dividend payout ratio is presently 20.99%.

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.