Semus Wealth Partners LLC Has $1.52 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Semus Wealth Partners LLC raised its position in shares of Mastercard Incorporated (NYSE:MA) by 2.2% during the third quarter, HoldingsChannel.com reports. The fund owned 3,075 shares of the credit services provider’s stock after buying an additional 66 shares during the quarter. Mastercard accounts for about 1.1% of Semus Wealth Partners LLC’s holdings, making the stock its 23rd biggest position. 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.

Other hedge funds have also added to or reduced their stakes in the company. Goldstein Advisors LLC lifted its stake in Mastercard by 1.3% in the 3rd quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock worth $749,000 after purchasing an additional 20 shares in the last quarter. McLean Asset Management Corp boosted its stake in Mastercard by 1.3% during the third quarter. McLean Asset Management Corp now owns 1,677 shares of the credit services provider’s stock worth $834,000 after buying an additional 21 shares during the period. Oldfather Financial Services LLC boosted its stake in shares of Mastercard by 2.6% during the 3rd quarter. Oldfather Financial Services LLC now owns 827 shares of the credit services provider’s stock worth $408,000 after purchasing an additional 21 shares during the period. Transcendent Capital Group LLC grew its stake in shares of Mastercard by 4.8% during the third quarter. Transcendent Capital Group LLC now owns 455 shares of the credit services provider’s stock valued at $225,000 after buying an additional 21 shares during the last quarter. Finally, Guerra Pan Advisors LLC increased its stake in Mastercard by 1.7% in the third quarter. Guerra Pan Advisors LLC now owns 1,225 shares of the credit services provider’s stock worth $605,000 after purchasing an additional 21 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Up 0.2 %

Shares of MA stock 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 twelve month low of $398.26 and a twelve month high of $534.03. The stock has a 50 day moving average of $504.09 and a 200 day moving average of $471.38. The stock has a market cap of $479.96 billion, a P/E ratio of 39.48, a P/E/G ratio of 2.28 and a beta of 1.10.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.16. The firm had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business’s revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the business posted $3.39 EPS. As a group, sell-side analysts expect that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date was Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 19.97%.

Insider Activity

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on Friday, September 20th. The shares were sold at an average price of $489.86, for a total value 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 trade represents a 23.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 90,000 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the transaction, the insider now directly owns 91,649,308 shares in the company, valued at approximately $42,965,195,590.40. The trade was a 0.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 99,370 shares of company stock worth $46,797,168 in the last ninety days. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on MA shares. Mizuho lifted their price target on shares of Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Argus raised shares of Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. Bank of America upped their target price on Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. KeyCorp upped their price objective on Mastercard from $515.00 to $580.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Finally, UBS Group lifted their target price on Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research note on Thursday. Four investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $549.16.

Mastercard Company 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.