Duncan Williams Asset Management LLC Takes $1.32 Million Position in Mastercard Incorporated (NYSE:MA)

Duncan Williams Asset Management LLC purchased a new position in shares of Mastercard Incorporated (NYSE:MAFree Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,748 shares of the credit services provider’s stock, valued at approximately $1,323,000. Mastercard comprises approximately 1.2% of Duncan Williams Asset Management LLC’s portfolio, making the stock its 13th biggest holding.

A number of other large investors have also bought and sold shares of the stock. VitalStone Financial LLC lifted its holdings in Mastercard by 300.0% in the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after buying an additional 45 shares during the period. Altshuler Shaham Ltd bought a new position in shares of Mastercard in the 4th quarter worth approximately $26,000. LFA Lugano Financial Advisors SA purchased a new position in Mastercard during the fourth quarter valued at $27,000. Scarborough Advisors LLC purchased a new stake in shares of Mastercard in the 4th quarter worth about $28,000. Finally, Beaird Harris Wealth Management LLC bought a new position in shares of Mastercard in the 4th quarter worth about $30,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Stock Up 0.4 %

Shares of Mastercard stock opened at $450.11 on Wednesday. The company has a market cap of $418.43 billion, a P/E ratio of 35.78, a PEG ratio of 1.75 and a beta of 1.09. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week high of $490.00. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86. The firm’s 50 day moving average price is $453.20 and its 200-day moving average price is $451.24.

Mastercard (NYSE:MAGet Free Report) last announced its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.09. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.80 EPS. On average, sell-side analysts predict that Mastercard Incorporated will post 14.22 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.59%. Mastercard’s payout ratio is currently 20.99%.

Insider Activity

In related news, major shareholder Foundation Mastercard sold 200 shares of Mastercard stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the transaction, the insider now owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the transaction, the insider now directly owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sandra A. Arkell sold 300 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $454.00, for a total transaction of $136,200.00. Following the completion of the sale, the insider now owns 3,463 shares in the company, valued at $1,572,202. The disclosure for this sale can be found here. Insiders sold a total of 2,774,400 shares of company stock valued at $1,251,767,900 in the last three months. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price target on Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Mizuho reduced their price objective on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Wells Fargo & Company upped their target price on shares of Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Piper Sandler initiated coverage on Mastercard in a research report on Monday, May 13th. They issued an “overweight” rating and a $531.00 price objective on the stock. Finally, Barclays reduced their target price on Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a report on Monday, May 6th. Two research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $497.78.

Get Our Latest Report on MA

Mastercard Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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