Morse Asset Management Inc Sells 260 Shares of Mastercard Incorporated (NYSE:MA)

by · The Markets Daily

Morse Asset Management Inc decreased its holdings in Mastercard Incorporated (NYSE:MA – Free Report) by 2.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,089 shares of the credit services provider’s stock after selling 260 shares during the quarter. Mastercard makes up 1.0% of Morse Asset Management Inc’s investment portfolio, making the stock its 27th biggest holding. Morse Asset Management Inc’s holdings in Mastercard were worth $4,488,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Highline Wealth Partners LLC acquired a new position in Mastercard in the third quarter valued at $25,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Mastercard during the second quarter valued at about $34,000. First Personal Financial Services acquired a new position in shares of Mastercard during the third quarter valued at about $39,000. Fairway Wealth LLC acquired a new position in shares of Mastercard during the second quarter valued at about $35,000. Finally, Lowe Wealth Advisors LLC raised its holdings in shares of Mastercard by 74.0% during the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after purchasing an additional 37 shares during the period. Institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the topic of several research reports. Piper Sandler reiterated an “overweight” rating and set a $575.00 price objective (up previously from $565.00) on shares of Mastercard in a report on Friday, November 15th. Mizuho upped their target price on shares of Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Compass Point began coverage on shares of Mastercard in a report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 target price on the stock. Keefe, Bruyette & Woods upped their target price on shares of Mastercard from $580.00 to $618.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Barclays upped their target price on shares of Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Four equities 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. According to data from MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus target price of $559.28.

Read Our Latest Report on Mastercard

Insider Activity

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the transaction, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. This trade represents a 23.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

Mastercard Stock Performance

NYSE MA opened at $534.45 on Thursday. Mastercard Incorporated has a 1 year low of $411.60 and a 1 year high of $535.89. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market capitalization of $490.53 billion, a PE ratio of 40.43, a P/E/G ratio of 2.35 and a beta of 1.10. The company’s 50 day simple moving average is $515.08 and its two-hundred day simple moving average is $479.86.

Mastercard (NYSE:MA – Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.16. The firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the company posted $3.39 EPS. Analysts predict that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is currently 19.97%.

Mastercard Profile

(Free Report)

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.

Further Reading

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