Janiczek Wealth Management LLC Boosts Stock Holdings in Mastercard Incorporated (NYSE:MA)

Janiczek Wealth Management LLC grew its position in shares of Mastercard Incorporated (NYSE:MA) by 8.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,884 shares of the credit services provider’s stock after buying an additional 152 shares during the quarter. Janiczek Wealth Management LLC’s holdings in Mastercard were worth $907,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Altshuler Shaham Ltd bought a new position in Mastercard during the fourth quarter valued at approximately $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 during the period. LFA Lugano Financial Advisors SA bought a new position in Mastercard during the fourth quarter valued at approximately $27,000. Westend Capital Management LLC bought a new position in Mastercard during the first quarter valued at approximately $27,000. Finally, Scarborough Advisors LLC bought a new position in Mastercard in the fourth quarter worth approximately $28,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Barclays decreased their price target 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. Piper Sandler assumed coverage on shares of Mastercard in a research report on Monday, May 13th. They issued an “overweight” rating and a $531.00 price target on the stock. Evercore ISI decreased their price target on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research report on Tuesday. TD Cowen assumed coverage on shares of Mastercard in a research report on Thursday, April 11th. They issued a “buy” rating and a $545.00 price target on the stock. Finally, Morgan Stanley decreased their price target on shares of 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 assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus target price of $496.91.

Insider Transactions at Mastercard

In other Mastercard news, insider Sandra A. Arkell sold 300 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $447.23, for a total transaction of $134,169.00. Following the transaction, 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 Securities & Exchange Commission, which is available at the SEC website. In other Mastercard news, insider Raj Seshadri sold 5,216 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $446.71, for a total transaction of $2,330,039.36. Following the transaction, the insider now owns 15,183 shares in the company, valued at approximately $6,782,397.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 disclosure for this sale can be found here. Insiders have sold a total of 3,163,228 shares of company stock valued at $1,428,540,870 in the last 90 days. Insiders own 0.10% of the company’s stock.

Mastercard Stock Down 1.5 %

Shares of NYSE:MA traded down $6.73 during trading hours on Thursday, hitting $445.65. The company’s stock had a trading volume of 1,576,448 shares, compared to its average volume of 2,433,281. Mastercard Incorporated has a 52 week low of $359.77 and a 52 week high of $490.00. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market capitalization of $414.28 billion, a price-to-earnings ratio of 35.53, a P/E/G ratio of 1.78 and a beta of 1.09. The firm’s fifty day moving average price is $452.02 and its 200 day moving average price is $452.77.

Mastercard (NYSE:MA) last issued 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 firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. During the same quarter in the previous year, the firm earned $2.80 EPS. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. As a group, research analysts expect that Mastercard Incorporated will post 14.26 EPS for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Tuesday, July 9th. Mastercard’s payout ratio is currently 20.99%.

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.