Nwam LLC Buys 311 Shares of Mastercard Incorporated (NYSE:MA)

Nwam LLC lifted its stake in shares of Mastercard Incorporated (NYSE:MA) by 25.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,510 shares of the credit services provider’s stock after purchasing an additional 311 shares during the quarter. Nwam LLC’s holdings in Mastercard were worth $594,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MA. Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of Mastercard by 98,203.6% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 825,436,694 shares of the credit services provider’s stock valued at $324,644,252,000 after buying an additional 824,597,013 shares in the last quarter. State Street Corp lifted its holdings in shares of Mastercard by 3.9% in the first quarter. State Street Corp now owns 34,759,814 shares of the credit services provider’s stock valued at $12,632,032,000 after purchasing an additional 1,303,477 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Mastercard by 0.4% in the first quarter. Geode Capital Management LLC now owns 16,368,594 shares of the credit services provider’s stock valued at $5,936,110,000 after purchasing an additional 62,380 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Mastercard by 17.7% in the fourth quarter. Morgan Stanley now owns 15,843,692 shares of the credit services provider’s stock valued at $5,509,328,000 after purchasing an additional 2,385,640 shares in the last quarter. Finally, Norges Bank bought a new position in Mastercard during the 4th quarter valued at $3,308,223,000. Institutional investors own 74.94% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MA. Mizuho dropped their price objective on Mastercard from $435.00 to $420.00 and set a “buy” rating on the stock in a research note on Tuesday, October 31st. Morgan Stanley dropped their price target on shares of Mastercard from $443.00 to $439.00 and set an “overweight” rating on the stock in a research report on Friday, October 27th. HSBC started coverage on shares of Mastercard in a research report on Friday, October 13th. They set a “hold” rating and a $424.00 target price on the stock. Wells Fargo & Company lifted their target price on shares of Mastercard from $425.00 to $440.00 and gave the stock an “overweight” rating in a research report on Friday, July 28th. Finally, JPMorgan Chase & Co. dropped their price target on Mastercard from $510.00 to $496.00 and set an “overweight” rating on the stock in a report on Monday, October 9th. Two investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $450.09.

Insider Activity at Mastercard

In related news, major shareholder Foundation Mastercard sold 125,816 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $377.45, for a total value of $47,489,249.20. Following the sale, the insider now directly owns 98,424,221 shares of the company’s stock, valued at $37,150,222,216.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Mastercard news, insider Hai Ling sold 3,324 shares of Mastercard stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $405.23, for a total transaction of $1,346,984.52. Following the transaction, the insider now directly owns 27,546 shares of the company’s stock, valued at $11,162,465.58. 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 125,816 shares of Mastercard stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $377.45, for a total transaction of $47,489,249.20. Following the transaction, the insider now directly owns 98,424,221 shares in the company, valued at $37,150,222,216.45. The disclosure for this sale can be found here. Over the last quarter, insiders sold 533,424 shares of company stock valued at $206,051,295. Company insiders own 0.13% of the company’s stock.

Mastercard Trading Up 0.8 %

Shares of MA stock opened at $400.31 on Friday. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.17 and a quick ratio of 1.17. Mastercard Incorporated has a 1 year low of $336.43 and a 1 year high of $418.60. The stock has a market capitalization of $375.40 billion, a price-to-earnings ratio of 34.87, a PEG ratio of 1.79 and a beta of 1.08. The company’s fifty day simple moving average is $395.21 and its two-hundred day simple moving average is $391.43.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, October 26th. The credit services provider reported $3.39 earnings per share for the quarter, beating the consensus estimate of $3.21 by $0.18. The firm had revenue of $6.53 billion for the quarter, compared to analysts’ expectations of $6.53 billion. Mastercard had a return on equity of 188.83% and a net margin of 44.85%. The company’s revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.68 earnings per share. As a group, analysts anticipate that Mastercard Incorporated will post 12.16 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Monday, October 9th were given a $0.57 dividend. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.57%. Mastercard’s dividend payout ratio (DPR) is presently 19.86%.

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.