Evernest Financial Advisors LLC Has $1.77 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Evernest Financial Advisors LLC raised its position in Mastercard Incorporated (NYSE:MA) by 1.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,589 shares of the credit services provider’s stock after acquiring an additional 51 shares during the period. Evernest Financial Advisors LLC’s holdings in Mastercard were worth $1,772,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Venture Visionary Partners LLC lifted its stake in Mastercard by 1.0% during the third quarter. Venture Visionary Partners LLC now owns 31,051 shares of the credit services provider’s stock worth $15,333,000 after purchasing an additional 306 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Mastercard by 1.2% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 4,480 shares of the credit services provider’s stock worth $2,212,000 after buying an additional 52 shares in the last quarter. Stewardship Advisors LLC bought a new position in shares of Mastercard during the 3rd quarter worth approximately $419,000. Carolina Wealth Advisors LLC boosted its stake in Mastercard by 15.3% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 723 shares of the credit services provider’s stock valued at $357,000 after buying an additional 96 shares in the last quarter. Finally, Retirement Guys Formula LLC grew its position in Mastercard by 2.5% in the third quarter. Retirement Guys Formula LLC now owns 3,098 shares of the credit services provider’s stock valued at $1,530,000 after acquiring an additional 76 shares during the period. Institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the topic of several recent analyst reports. Evercore ISI reduced their target price on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. TD Cowen upped their price objective on shares of Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Susquehanna raised their price objective on shares of Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a report on Thursday, August 1st. William Blair raised Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, Piper Sandler raised their price target on Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Four research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $525.68.

Insider Activity

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the completion of the sale, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the sale, the chief marketing officer now owns 17,118 shares in the company, valued at $8,440,885.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the transaction, the chief financial officer now owns 27,304 shares in the company, valued at approximately $12,423,320. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 340,809 shares of company stock valued at $159,610,703. 0.10% of the stock is owned by insiders.

Mastercard Stock Performance

MA opened at $515.01 on Tuesday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. The business’s 50-day simple moving average is $488.09 and its 200 day simple moving average is $464.33. The firm has a market capitalization of $478.76 billion, a PE ratio of 40.94, a PEG ratio of 2.22 and a beta of 1.10. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week high of $518.82.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $3.51 by $0.08. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The firm had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. As a group, sell-side analysts expect that Mastercard Incorporated will post 14.3 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio is presently 20.99%.

About Mastercard

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.