OneAscent Wealth Management LLC Increases Stock Holdings in Mastercard Incorporated (NYSE:MA)

OneAscent Wealth Management LLC boosted its stake in Mastercard Incorporated (NYSE:MA) by 4.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,368 shares of the credit services provider’s stock after buying an additional 62 shares during the quarter. OneAscent Wealth Management LLC’s holdings in Mastercard were worth $538,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Aspire Private Capital LLC purchased a new position in Mastercard in the first quarter worth $18,897,320,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Mastercard in the 1st quarter worth about $25,000. Financial Connections Group Inc. bought a new position in Mastercard during the fourth quarter valued at about $25,000. Graham Capital Wealth Management LLC purchased a new stake in Mastercard during the first quarter worth about $268,923,000. Finally, Delta Asset Management LLC TN bought a new stake in Mastercard in the fourth quarter worth about $26,000. 74.94% of the stock is currently owned by institutional investors.

Mastercard Price Performance

Shares of MA traded up $0.97 during trading hours on Friday, reaching $414.31. 4,755,526 shares of the company’s stock traded hands, compared to its average volume of 2,688,428. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.57. The firm’s 50 day simple moving average is $401.47 and its 200-day simple moving average is $381.18. The stock has a market cap of $390.37 billion, a PE ratio of 38.83, a price-to-earnings-growth ratio of 1.87 and a beta of 1.10. Mastercard Incorporated has a 12 month low of $276.87 and a 12 month high of $418.60.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, July 27th. The credit services provider reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.05. The business had revenue of $6.30 billion during the quarter, compared to analysts’ expectations of $6.18 billion. Mastercard had a net margin of 43.37% and a return on equity of 178.10%. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.56 EPS. Equities analysts expect that Mastercard Incorporated will post 12.13 EPS for the current year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 9th. Shareholders of record on Friday, July 7th were given a dividend of $0.57 per share. The ex-dividend date was Thursday, July 6th. This represents a $2.28 dividend on an annualized basis and a yield of 0.55%. Mastercard’s payout ratio is 21.37%.

Insider Transactions at Mastercard

In related news, major shareholder Foundation Mastercard sold 125,816 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $391.39, for a total value of $49,243,124.24. Following the completion of the sale, the insider now owns 99,430,749 shares in the company, valued at approximately $38,916,200,851.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO J. Mehra Sachin sold 10,838 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $394.38, for a total value of $4,274,290.44. Following the completion of the sale, the chief financial officer now owns 20,707 shares of the company’s stock, valued at approximately $8,166,426.66. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Foundation Mastercard sold 125,816 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $391.39, for a total value of $49,243,124.24. Following the transaction, the insider now owns 99,430,749 shares in the company, valued at $38,916,200,851.11. The disclosure for this sale can be found here. In the last three months, insiders sold 407,267 shares of company stock worth $161,485,243. 0.13% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on MA shares. Mizuho reissued a “buy” rating and set a $435.00 target price on shares of Mastercard in a research report on Tuesday, August 29th. StockNews.com began coverage on Mastercard in a research report on Thursday, August 17th. They issued a “buy” rating for the company. The Goldman Sachs Group upped their price target on Mastercard from $442.00 to $452.00 in a research report on Thursday, July 13th. Citigroup increased their price target on Mastercard from $440.00 to $455.00 and gave the stock a “buy” rating in a research note on Monday, July 31st. Finally, Bank of America boosted their price objective on Mastercard from $438.00 to $442.00 in a research note on Tuesday, July 18th. One analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and an average price target of $442.83.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.