Semus Wealth Partners LLC Grows Stock Holdings in Mastercard Incorporated (NYSE:MA)

Semus Wealth Partners LLC increased its stake in Mastercard Incorporated (NYSE:MA) by 2.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,075 shares of the credit services provider’s stock after acquiring an additional 66 shares during the period. Mastercard makes up about 1.1% of Semus Wealth Partners LLC’s holdings, making the stock its 23rd largest holding. Semus Wealth Partners LLC’s holdings in Mastercard were worth $1,518,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Highline Wealth Partners LLC purchased a new position in Mastercard in the third quarter worth $25,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Mastercard in the second quarter valued at $34,000. First Personal Financial Services acquired a new stake in shares of Mastercard during the third quarter valued at $39,000. Fairway Wealth LLC acquired a new stake in shares of Mastercard during the second quarter valued at $35,000. Finally, Lowe Wealth Advisors LLC boosted its stake 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 acquiring an additional 37 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on MA. KeyCorp raised their price target on Mastercard from $515.00 to $580.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. BMO Capital Markets raised their target price on Mastercard from $550.00 to $565.00 and gave the company an “outperform” rating in a report on Thursday. Royal Bank of Canada reiterated an “outperform” rating and set a $572.00 target price on shares of Mastercard in a report on Thursday. Bank of America lifted their price objective on Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Finally, JPMorgan Chase & Co. decreased their target price on Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and a consensus price target of $549.16.

Mastercard Stock Up 0.2 %

NYSE MA opened at $522.93 on Monday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a 1-year low of $398.26 and a 1-year high of $534.03. The company has a 50 day moving average of $504.09 and a 200-day moving average of $471.38. The company has a market cap of $479.96 billion, a price-to-earnings ratio of 39.48, a PEG ratio of 2.28 and a beta of 1.10.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating 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 business earned $3.39 earnings per share. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. On average, equities research analysts expect 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. Shareholders of record on Wednesday, October 9th were given a dividend of $0.66 per share. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.50%. Mastercard’s dividend payout ratio is currently 19.97%.

Insider Buying and Selling at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction on Friday, September 13th. The stock was 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 approximately $8,440,885.80. This represents a 21.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 90,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total value of $42,192,000.00. Following the sale, the insider now owns 91,649,308 shares in the company, valued at approximately $42,965,195,590.40. This trade represents a 0.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 99,370 shares of company stock worth $46,797,168 over the last three months. Corporate insiders own 0.10% of the company’s stock.

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.