Carolina Wealth Advisors LLC Acquires 96 Shares of Mastercard Incorporated (NYSE:MA)

Carolina Wealth Advisors LLC boosted its stake in shares of Mastercard Incorporated (NYSE:MA) by 15.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 723 shares of the credit services provider’s stock after buying an additional 96 shares during the period. Carolina Wealth Advisors LLC’s holdings in Mastercard were worth $357,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MA. Retirement Guys Formula LLC boosted its stake in shares of Mastercard by 2.5% during the 3rd quarter. Retirement Guys Formula LLC now owns 3,098 shares of the credit services provider’s stock worth $1,530,000 after acquiring an additional 76 shares during the last quarter. Border to Coast Pensions Partnership Ltd lifted its position in Mastercard by 28.9% during the third quarter. Border to Coast Pensions Partnership Ltd now owns 100,727 shares of the credit services provider’s stock valued at $49,594,000 after purchasing an additional 22,609 shares in the last quarter. Little House Capital LLC grew its holdings in Mastercard by 13.8% during the third quarter. Little House Capital LLC now owns 13,199 shares of the credit services provider’s stock valued at $6,518,000 after purchasing an additional 1,598 shares during the period. Kennedy Investment Group grew its holdings in Mastercard by 1.0% during the third quarter. Kennedy Investment Group now owns 10,696 shares of the credit services provider’s stock valued at $5,282,000 after purchasing an additional 111 shares during the period. Finally, James Hambro & Partners LLP increased its position in Mastercard by 0.6% in the third quarter. James Hambro & Partners LLP now owns 5,043 shares of the credit services provider’s stock worth $2,490,000 after buying an additional 30 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Trading Down 0.0 %

Shares of NYSE:MA traded down $0.08 during trading on Monday, reaching $516.26. The company’s stock had a trading volume of 990,422 shares, compared to its average volume of 2,435,734. The firm’s 50 day simple moving average is $486.90 and its two-hundred day simple moving average is $464.01. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $518.82. The stock has a market capitalization of $479.92 billion, a PE ratio of 41.14, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10.

Mastercard (NYSE:MA) last announced its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $0.08. The firm had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. On average, research analysts predict that Mastercard Incorporated will post 14.3 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is 20.99%.

Wall Street Analyst Weigh In

MA has been the topic of a number of analyst reports. Evercore ISI lowered their price objective on Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. BMO Capital Markets reaffirmed an “outperform” rating and set a $520.00 price target on shares of Mastercard in a report on Wednesday, August 14th. Compass Point initiated coverage on shares of Mastercard in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on shares of Mastercard from $570.00 to $593.00 and gave the company an “overweight” rating in a research note on Monday. Finally, BNP Paribas downgraded shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price for the company. in a report on Tuesday, September 3rd. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $525.68.

Insider Activity

In related news, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the transaction, the chief financial officer now directly owns 27,304 shares in the company, valued at approximately $12,423,320. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the sale, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now directly owns 17,118 shares in the company, valued at $8,440,885.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 340,809 shares of company stock valued at $159,610,703. 0.10% of the stock is currently owned by company insiders.

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.