Atticus Wealth Management LLC Boosts Stock Position in Mastercard Incorporated (NYSE:MA)

Atticus Wealth Management LLC grew its holdings in Mastercard Incorporated (NYSE:MA) by 1.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,734 shares of the credit services provider’s stock after buying an additional 23 shares during the quarter. Atticus Wealth Management LLC’s holdings in Mastercard were worth $835,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in MA. Hoxton Planning & Management LLC increased its position in Mastercard by 1.4% during the first quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock worth $788,000 after buying an additional 22 shares in the last quarter. Carolinas Wealth Consulting LLC boosted its holdings in Mastercard by 5.0% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock valued at $206,000 after acquiring an additional 23 shares during the last quarter. Benin Management CORP boosted its holdings in Mastercard by 3.0% in the first quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock valued at $382,000 after acquiring an additional 23 shares during the last quarter. Cypress Wealth Services LLC boosted its holdings in Mastercard by 2.9% in the fourth quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock valued at $369,000 after acquiring an additional 24 shares during the last quarter. Finally, Syntegra Private Wealth Group LLC boosted its holdings in Mastercard by 1.2% in the fourth quarter. Syntegra Private Wealth Group LLC now owns 1,996 shares of the credit services provider’s stock valued at $851,000 after acquiring an additional 24 shares during the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, major shareholder Foundation Mastercard sold 109,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $462.78, for a total transaction of $50,443,020.00. Following the completion of the transaction, the insider now directly owns 96,996,308 shares of the company’s stock, valued at $44,887,951,416.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder Foundation Mastercard sold 109,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $462.78, for a total transaction of $50,443,020.00. Following the completion of the transaction, the insider now directly owns 96,996,308 shares of the company’s stock, valued at $44,887,951,416.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $134,169.00. Following the transaction, the insider now directly owns 4,063 shares of the company’s stock, valued at $1,817,095.49. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,163,228 shares of company stock valued at $1,428,540,870. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

MA has been the topic of a number of research analyst reports. Robert W. Baird lifted their target price on Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. TD Cowen began coverage on Mastercard in a research note on Thursday, April 11th. They set a “buy” rating and a $545.00 price objective on the stock. Susquehanna restated a “positive” rating and set a $535.00 price objective on shares of Mastercard in a research note on Wednesday, April 3rd. Wells Fargo & Company boosted their price objective on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Finally, Barclays reduced their price objective on Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a research note on Monday, May 6th. Two research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $496.91.

Mastercard Stock Down 0.4 %

Mastercard stock traded down $1.59 during midday trading on Friday, hitting $441.16. The stock had a trading volume of 4,105,179 shares, compared to its average volume of 2,467,253. 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 stock has a market cap of $410.11 billion, a P/E ratio of 35.07, a P/E/G ratio of 1.72 and a beta of 1.09. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $490.00. The business has a fifty day moving average price of $451.50 and a 200 day moving average price of $453.11.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.09. The firm 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 quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.80 earnings per share. Research analysts predict that Mastercard Incorporated will post 14.26 EPS for the current year.

Mastercard Dividend Announcement

The business also recently announced 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. This represents a $2.64 annualized dividend and a dividend yield of 0.60%. The ex-dividend date is Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) 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.