Moran Wealth Management LLC Cuts Stock Position in Mastercard Incorporated $MA

by · The Markets Daily

Moran Wealth Management LLC cut its position in shares of Mastercard Incorporated (NYSE:MA – Free Report) by 6.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,390 shares of the credit services provider’s stock after selling 2,133 shares during the quarter. Moran Wealth Management LLC’s holdings in Mastercard were worth $17,286,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Pinion Investment Advisors LLC raised its stake in shares of Mastercard by 0.8% during the second quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider’s stock worth $1,276,000 after acquiring an additional 18 shares in the last quarter. KRS Capital Management LLC boosted its stake in shares of Mastercard by 0.6% in the 2nd quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider’s stock valued at $1,601,000 after purchasing an additional 18 shares in the last quarter. Nvest Financial LLC grew its holdings in shares of Mastercard by 1.2% during the 2nd quarter. Nvest Financial LLC now owns 1,505 shares of the credit services provider’s stock valued at $846,000 after purchasing an additional 18 shares during the last quarter. Washington Trust Advisors Inc. raised its position in Mastercard by 5.6% in the 2nd quarter. Washington Trust Advisors Inc. now owns 339 shares of the credit services provider’s stock worth $191,000 after purchasing an additional 18 shares during the period. Finally, Rialto Wealth Management LLC raised its position in Mastercard by 13.0% in the 2nd quarter. Rialto Wealth Management LLC now owns 156 shares of the credit services provider’s stock worth $88,000 after purchasing an additional 18 shares during the period. Institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of MA stock opened at $580.34 on Thursday. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.12 and a current ratio of 1.12. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The firm has a market cap of $521.15 billion, a P/E ratio of 37.11, a P/E/G ratio of 1.97 and a beta of 0.86. The business’s 50 day moving average price is $556.46 and its 200-day moving average price is $566.38.

Mastercard (NYSE:MA – Get Free Report) last announced its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. The company had revenue of $8.60 billion during the quarter, compared to analyst estimates of $8.53 billion. Mastercard had a return on equity of 202.03% and a net margin of 45.28%.The firm’s revenue was up 16.7% on a year-over-year basis. During the same quarter last year, the firm posted $3.89 earnings per share. On average, equities research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Friday, January 9th will be paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, January 9th. This is a positive change from Mastercard’s previous quarterly dividend of $0.76. Mastercard’s payout ratio is presently 19.44%.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of recent research reports. Hsbc Global Res raised Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 8th. Compass Point set a $620.00 target price on Mastercard and gave the company a “neutral” rating in a report on Friday, October 31st. KeyCorp reiterated an “overweight” rating and issued a $665.00 price objective on shares of Mastercard in a research report on Wednesday, October 22nd. The Goldman Sachs Group restated a “buy” rating and issued a $713.00 target price on shares of Mastercard in a report on Thursday, October 30th. Finally, Truist Financial decreased their target price on shares of Mastercard from $638.00 to $630.00 and set a “buy” rating on the stock in a research note on Tuesday, November 4th. Five research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $657.48.

View Our Latest Analysis on MA

Mastercard Profile

(Free Report)

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.

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