Noesis Capital Mangement Corp Grows Holdings in Mastercard Incorporated (NYSE:MA)

Noesis Capital Mangement Corp boosted its position in Mastercard Incorporated (NYSE:MA) by 30.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 769 shares of the credit services provider’s stock after purchasing an additional 181 shares during the period. Noesis Capital Mangement Corp’s holdings in Mastercard were worth $380,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC purchased a new position in shares of Mastercard in the 3rd quarter worth about $25,000. Strategic Investment Solutions Inc. IL bought a new stake in Mastercard in the second quarter worth about $34,000. Fairway Wealth LLC purchased a new position in Mastercard in the second quarter valued at about $35,000. First Personal Financial Services bought a new position in shares of Mastercard during the 3rd quarter valued at approximately $39,000. Finally, Lowe Wealth Advisors LLC increased its stake in shares of Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 37 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Piper Sandler reiterated an “overweight” rating and issued a $575.00 price objective (up previously from $565.00) on shares of Mastercard in a research note on Friday, November 15th. Susquehanna upped their price target on Mastercard from $540.00 to $605.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Robert W. Baird lifted their price objective on Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Bank of America boosted their price objective on Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. Finally, Oppenheimer assumed coverage on shares of Mastercard in a research report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 target price for the company. Four analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $549.16.

Mastercard Trading Up 0.7 %

Shares of MA opened at $532.19 on Thursday. Mastercard Incorporated has a 1-year low of $404.32 and a 1-year high of $534.03. The company has a market capitalization of $488.46 billion, a P/E ratio of 40.26, a P/E/G ratio of 2.34 and a beta of 1.10. 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 firm’s 50 day simple moving average is $508.78 and its 200 day simple moving average is $475.23.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The company had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. During the same period in the previous year, the firm posted $3.39 EPS. The firm’s revenue was up 12.8% compared to the same quarter last year. Sell-side analysts forecast that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s payout ratio is currently 19.97%.

Insider Activity

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

About Mastercard

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.