Cwm LLC Buys 7,313 Shares of Mastercard Incorporated (NYSE:MA)

Cwm LLC increased its stake in shares of Mastercard Incorporated (NYSE:MA) by 24.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,544 shares of the credit services provider’s stock after buying an additional 7,313 shares during the quarter. Cwm LLC’s holdings in Mastercard were worth $16,013,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Activest Wealth Management increased its holdings in Mastercard by 87.4% during the 4th quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock valued at $229,000 after purchasing an additional 250 shares in the last quarter. Everett Harris & Co. CA increased its holdings in Mastercard by 0.5% during the 4th quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock valued at $21,129,000 after purchasing an additional 252 shares in the last quarter. Atlantic Union Bankshares Corp increased its holdings in Mastercard by 23.9% during the 4th quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock valued at $5,171,000 after purchasing an additional 2,337 shares in the last quarter. Fortune Financial Advisors LLC increased its holdings in Mastercard by 4.5% during the 4th quarter. Fortune Financial Advisors LLC now owns 7,853 shares of the credit services provider’s stock valued at $3,350,000 after purchasing an additional 339 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC increased its holdings in Mastercard by 1.5% during the 4th quarter. Foster Victor Wealth Advisors LLC now owns 42,752 shares of the credit services provider’s stock valued at $18,041,000 after purchasing an additional 612 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on MA. The Goldman Sachs Group lifted their target price on Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Wells Fargo & Company lifted their target price on Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Robert W. Baird lifted their target price on Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research note on Thursday. Mizuho reissued a “buy” rating and issued a $480.00 target price on shares of Mastercard in a research note on Wednesday, March 27th. Finally, William Blair reaffirmed an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus target price of $490.23.

Mastercard Stock Performance

Shares of Mastercard stock opened at $455.39 on Monday. The firm has a market cap of $424.83 billion, a price-to-earnings ratio of 38.49, a price-to-earnings-growth ratio of 1.73 and a beta of 1.08. The stock’s 50-day moving average is $471.70 and its 200-day moving average is $434.36. Mastercard Incorporated has a one year low of $357.85 and a one year high of $490.00. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.17 and a quick ratio of 1.17.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $3.18 EPS for the quarter, beating analysts’ consensus estimates of $3.08 by $0.10. The company had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.46 billion. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. During the same period in the previous year, the company posted $2.65 earnings per share. Equities analysts predict that Mastercard Incorporated will post 14.35 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 annualized dividend and a yield of 0.58%. Mastercard’s payout ratio is presently 22.32%.

Insider Buying and Selling

In related news, major shareholder Foundation Mastercard sold 111,000 shares of the company’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $457.15, for a total transaction of $50,743,650.00. Following the sale, the insider now owns 97,432,308 shares in the company, valued at $44,541,179,602.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Mastercard news, insider Craig Vosburg sold 13,542 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $460.06, for a total transaction of $6,230,132.52. Following the transaction, the insider now owns 46,491 shares of the company’s stock, valued at $21,388,649.46. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Foundation Mastercard sold 111,000 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $457.15, for a total value of $50,743,650.00. Following the transaction, the insider now directly owns 97,432,308 shares in the company, valued at approximately $44,541,179,602.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 148,630 shares of company stock worth $68,440,330. Corporate insiders own 0.13% of the company’s stock.

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.