Premier Path Wealth Partners LLC Has $3.33 Million Stake in Mastercard Incorporated $MA

Premier Path Wealth Partners LLC increased its stake in shares of Mastercard Incorporated (NYSE:MA) by 19.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,674 shares of the credit services provider’s stock after acquiring an additional 1,072 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Mastercard were worth $3,335,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Brighton Jones LLC boosted its position in shares of Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after purchasing an additional 2,028 shares in the last quarter. Schnieders Capital Management LLC. grew its stake in shares of Mastercard by 8.5% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider’s stock valued at $1,432,000 after buying an additional 200 shares during the period. Betterment LLC increased its position in Mastercard by 6.5% in the 2nd quarter. Betterment LLC now owns 947 shares of the credit services provider’s stock valued at $532,000 after buying an additional 58 shares in the last quarter. Worldquant Millennium Advisors LLC raised its stake in Mastercard by 35.8% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 677,204 shares of the credit services provider’s stock worth $380,548,000 after buying an additional 178,387 shares during the period. Finally, Darwin Wealth Management LLC acquired a new position in Mastercard during the 2nd quarter worth approximately $431,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Performance

NYSE MA opened at $513.24 on Wednesday. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98. The company has a fifty day moving average price of $496.66 and a 200-day moving average price of $519.34. Mastercard Incorporated has a 1 year low of $464.52 and a 1 year high of $601.77. The firm has a market cap of $453.48 billion, a price-to-earnings ratio of 29.70, a PEG ratio of 1.59 and a beta of 0.74.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, topping the consensus estimate of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The business had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.26 billion. During the same period in the previous year, the company earned $3.73 earnings per share. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. As a group, equities research analysts predict that Mastercard Incorporated will post 19.6 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 9th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, July 9th. Mastercard’s payout ratio is presently 20.14%.

Analyst Ratings Changes

A number of equities research analysts have commented on MA shares. Raymond James Financial set a $609.00 price objective on Mastercard in a research note on Friday, May 1st. BMO Capital Markets assumed coverage on shares of Mastercard in a research report on Tuesday, April 21st. They issued an “outperform” rating and a $605.00 price target for the company. Evercore restated a “negative” rating on shares of Mastercard in a report on Tuesday, March 17th. Loop Capital reaffirmed a “buy” rating and issued a $631.00 price objective on shares of Mastercard in a research note on Wednesday, June 3rd. Finally, Dbs Bank upgraded shares of Mastercard to a “moderate buy” rating in a report on Friday, March 27th. Six research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $653.81.

Trending Headlines about Mastercard

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard launched an Africa Cybersecurity Centre of Excellence in South Africa, a move that could deepen relationships with governments and financial institutions while reinforcing its role in digital security. Mastercard launches Africa Cybersecurity Centre of Excellence
• Positive Sentiment: The company is working with quantum computing firm OQC to explore better fraud detection, which could help Mastercard combat the large and growing fraud problem in payments. Mastercard (MA) Stock Rises as It Taps Quantum Tech to Fight $343 Billion Fraud Problem
• Positive Sentiment: An analyst began coverage on Mastercard with a bullish view, adding to sentiment support for the stock. This Mastercard Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Tuesday
• Neutral Sentiment: Mastercard highlighted that 87% of Moroccan SMEs remain confident about their business outlook, which is supportive of regional economic activity but is not a direct financial catalyst. Mastercard: 87% of Moroccan SMEs Confident About Business Outlook
• Negative Sentiment: Reports that a Visa-Mastercard settlement could affect rewards credit cards may pressure investor sentiment if it raises concerns about future card economics or rewards-related revenue. Visa, Mastercard settlement might impact rewards credit cards

About Mastercard

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.