1,317 Shares in Mastercard Incorporated $MA Bought by Kiley Juergens Wealth Management LLC

Kiley Juergens Wealth Management LLC acquired a new stake in Mastercard Incorporated (NYSE:MA) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,317 shares of the credit services provider’s stock, valued at approximately $658,000.

Several other institutional investors and hedge funds also recently modified their holdings of MA. Canvas Wealth Advisors LLC raised its holdings in shares of Mastercard by 2.7% during the 1st quarter. Canvas Wealth Advisors LLC now owns 1,662 shares of the credit services provider’s stock valued at $830,000 after buying an additional 43 shares during the period. Walser Wealth Management Company A Ltd Liability Co boosted its stake in shares of Mastercard by 14.2% in the first quarter. Walser Wealth Management Company A Ltd Liability Co now owns 934 shares of the credit services provider’s stock valued at $467,000 after purchasing an additional 116 shares during the period. Busey Bank grew its holdings in Mastercard by 1.3% during the 1st quarter. Busey Bank now owns 88,213 shares of the credit services provider’s stock valued at $44,077,000 after purchasing an additional 1,143 shares in the last quarter. Arbor Investment Advisors LLC grew its holdings in Mastercard by 6.8% during the 1st quarter. Arbor Investment Advisors LLC now owns 658 shares of the credit services provider’s stock valued at $329,000 after purchasing an additional 42 shares in the last quarter. Finally, Nvest Financial LLC increased its stake in Mastercard by 22.7% during the 1st quarter. Nvest Financial LLC now owns 1,837 shares of the credit services provider’s stock worth $918,000 after buying an additional 340 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. BNP Paribas Exane raised shares of Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 price objective for the company in a research report on Thursday, March 19th. TD Cowen reduced their price target on Mastercard from $671.00 to $664.00 and set a “buy” rating for the company in a report on Tuesday. Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Truist Financial dropped their price objective on Mastercard from $590.00 to $561.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Finally, Weiss Ratings downgraded shares of Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Six analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $654.31.

Insider Buying and Selling

In related news, insider Raj Seshadri sold 1,977 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $529.73, for a total value of $1,047,276.21. Following the sale, the insider directly owned 16,429 shares in the company, valued at $8,702,934.17. This trade represents a 10.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.09% of the stock is currently owned by corporate insiders.

Mastercard Stock Performance

Shares of Mastercard stock traded up $3.73 on Tuesday, reaching $536.83. 1,251,906 shares of the company were exchanged, compared to its average volume of 3,857,211. Mastercard Incorporated has a 1-year low of $464.52 and a 1-year high of $601.77. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98. The company’s 50-day moving average is $497.92 and its two-hundred day moving average is $518.61. The firm has a market cap of $474.33 billion, a price-to-earnings ratio of 31.06, a P/E/G ratio of 1.68 and a beta of 0.73.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, beating 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 company had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.26 billion. During the same quarter in the previous year, the company posted $3.73 earnings per share. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. As a group, research analysts expect that Mastercard Incorporated will post 19.61 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 9th will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, July 9th. Mastercard’s dividend payout ratio is 20.14%.

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.