180 Wealth Advisors LLC Has $702,000 Position in Mastercard Incorporated (NYSE:MA)

180 Wealth Advisors LLC raised its holdings in Mastercard Incorporated (NYSE:MA) by 1.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,457 shares of the credit services provider’s stock after buying an additional 26 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Mastercard were worth $702,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Westend Capital Management LLC bought a new stake in shares of Mastercard in the 1st quarter worth about $27,000. VitalStone Financial LLC grew its stake in Mastercard by 300.0% during the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after buying an additional 45 shares during the last quarter. Altshuler Shaham Ltd acquired a new stake in shares of Mastercard during the fourth quarter worth approximately $26,000. LFA Lugano Financial Advisors SA bought a new position in shares of Mastercard in the fourth quarter valued at approximately $27,000. Finally, Scarborough Advisors LLC acquired a new position in shares of Mastercard in the 4th quarter worth approximately $28,000. 97.28% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, major shareholder Foundation Mastercard sold 110,000 shares of Mastercard stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $441.43, for a total transaction of $48,557,300.00. Following the sale, the insider now directly owns 94,014,308 shares in the company, valued at approximately $41,500,735,980.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Mastercard news, major shareholder Foundation Mastercard sold 110,000 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $441.43, for a total transaction of $48,557,300.00. Following the sale, the insider now owns 94,014,308 shares of the company’s stock, valued at $41,500,735,980.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Craig Vosburg sold 9,028 shares of Mastercard stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $451.06, for a total value of $4,072,169.68. Following the completion of the transaction, the insider now directly owns 58,940 shares of the company’s stock, valued at $26,585,476.40. The disclosure for this sale can be found here. Insiders sold a total of 3,163,228 shares of company stock valued at $1,428,540,870 in the last 90 days. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MA shares. JPMorgan Chase & Co. dropped their price target on Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Piper Sandler initiated coverage on shares of Mastercard in a report on Monday, May 13th. They set an “overweight” rating and a $531.00 price objective on the stock. Susquehanna reaffirmed a “positive” rating and issued a $535.00 target price on shares of Mastercard in a research note on Wednesday, April 3rd. Barclays reduced their target price on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a research report on Monday, May 6th. Finally, Wells Fargo & Company boosted their price objective on shares of Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Two investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $496.91.

Mastercard Stock Performance

Shares of NYSE MA traded down $9.25 during mid-day trading on Thursday, reaching $443.13. 3,313,834 shares of the company were exchanged, compared to its average volume of 2,447,406. The company’s 50-day simple moving average is $452.02 and its 200-day simple moving average is $452.77. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $490.00. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $411.94 billion, a P/E ratio of 35.22, a P/E/G ratio of 1.78 and a beta of 1.09.

Mastercard (NYSE:MA) last released its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. During the same period in the prior year, the company earned $2.80 EPS. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. As a group, research analysts predict that Mastercard Incorporated will post 14.26 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Tuesday, July 9th will be given a dividend of $0.66 per share. The ex-dividend date is Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.60%. Mastercard’s dividend payout ratio is currently 20.99%.

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.