Exencial Wealth Advisors LLC Has $28.08 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Exencial Wealth Advisors LLC reduced its stake in Mastercard Incorporated (NYSE:MA) by 1.8% during the third quarter, Holdings Channel.com reports. The fund owned 56,856 shares of the credit services provider’s stock after selling 1,055 shares during the period. Mastercard makes up about 1.0% of Exencial Wealth Advisors LLC’s portfolio, making the stock its 19th biggest position. Exencial Wealth Advisors LLC’s holdings in Mastercard were worth $28,075,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Advisor Resource Council acquired a new position in shares of Mastercard in the third quarter worth approximately $493,000. Financial Enhancement Group LLC lifted its stake in Mastercard by 12.8% in the third quarter. Financial Enhancement Group LLC now owns 528 shares of the credit services provider’s stock valued at $261,000 after buying an additional 60 shares during the period. Graypoint LLC lifted its stake in Mastercard by 1.0% in the third quarter. Graypoint LLC now owns 15,573 shares of the credit services provider’s stock valued at $7,690,000 after buying an additional 155 shares during the period. Wealth Architects LLC lifted its stake in Mastercard by 2.6% in the third quarter. Wealth Architects LLC now owns 1,517 shares of the credit services provider’s stock valued at $749,000 after buying an additional 39 shares during the period. Finally, Blake Schutter Theil Wealth Advisors LLC acquired a new position in Mastercard in the third quarter valued at approximately $634,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on MA shares. Piper Sandler reissued an “overweight” rating and issued a $565.00 price target (up from $536.00) on shares of Mastercard in a research note on Friday, November 1st. JPMorgan Chase & Co. dropped their price target on Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Citigroup boosted their price target on Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a research note on Monday. William Blair upgraded Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, Robert W. Baird boosted their price objective on Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and an average price target of $540.17.

Mastercard Stock Up 3.1 %

Shares of NYSE:MA opened at $521.13 on Thursday. The company has a market capitalization of $481.44 billion, a PE ratio of 39.42, a price-to-earnings-growth ratio of 2.21 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 business has a fifty day moving average price of $498.11 and a two-hundred day moving average price of $468.02. Mastercard Incorporated has a 1 year low of $384.30 and a 1 year high of $527.90.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. The firm had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.39 EPS. Analysts forecast that Mastercard Incorporated will post 14.45 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.51%. Mastercard’s dividend payout ratio is presently 19.97%.

Insider Activity

In other news, major shareholder Foundation Mastercard sold 119,000 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the transaction, the insider now owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the sale, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 119,000 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $468.46, for a total value of $55,746,740.00. Following the sale, the insider now directly owns 92,033,308 shares in the company, valued at $43,113,923,465.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 327,370 shares of company stock valued at $153,495,958 in the last 90 days. 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.