Dakota Wealth Management Grows Stake in Mastercard Incorporated (NYSE:MA)

Dakota Wealth Management grew its position in Mastercard Incorporated (NYSE:MA) by 1.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,695 shares of the credit services provider’s stock after buying an additional 132 shares during the quarter. Dakota Wealth Management’s holdings in Mastercard were worth $6,269,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. First Trust Direct Indexing L.P. boosted its position in Mastercard by 14.2% during the 1st quarter. First Trust Direct Indexing L.P. now owns 20,552 shares of the credit services provider’s stock valued at $9,897,000 after acquiring an additional 2,556 shares in the last quarter. Coppell Advisory Solutions Corp. purchased a new position in Mastercard in the first quarter valued at about $608,000. SteelPeak Wealth LLC raised its holdings in Mastercard by 48.6% in the second quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock worth $2,174,000 after purchasing an additional 1,612 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Mastercard during the first quarter valued at about $2,938,000. Finally, OMC Financial Services LTD bought a new stake in shares of Mastercard in the 1st quarter valued at about $17,854,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on MA shares. Bank of America increased their target price on shares of Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. William Blair raised Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Argus upgraded Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. KeyCorp increased their price target on Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Finally, Piper Sandler boosted their price target on Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Four analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and an average target price of $525.68.

Mastercard Stock Performance

NYSE MA opened at $507.36 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $518.82. The stock has a 50-day moving average of $491.07 and a 200 day moving average of $465.24. The stock has a market capitalization of $471.65 billion, a price-to-earnings ratio of 40.33, a PEG ratio of 2.27 and a beta of 1.10.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, topping 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 company had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. Sell-side analysts anticipate that Mastercard Incorporated will post 14.32 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be given a $0.66 dividend. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.52%. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Insider Buying and Selling at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction 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 $12,423,320. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Foundation Mastercard sold 109,000 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the completion of the sale, the insider now directly owns 91,924,308 shares of the company’s stock, valued at $42,970,017,774.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 340,809 shares of company stock worth $159,610,703. 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.