Vivid Wealth Management LLC Has $558,000 Stock Position in Mastercard Incorporated (NYSE:MA)

by · The Markets Daily

Vivid Wealth Management LLC trimmed its holdings in Mastercard Incorporated (NYSE:MA – Free Report) by 33.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,130 shares of the credit services provider’s stock after selling 571 shares during the quarter. Vivid Wealth Management LLC’s holdings in Mastercard were worth $558,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of MA. Palisade Asset Management LLC acquired a new position in Mastercard in the 1st quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL bought a new position in Mastercard in the second quarter worth $34,000. Fairway Wealth LLC acquired a new stake in Mastercard during the second quarter worth $35,000. Lowe Wealth Advisors LLC increased its holdings in Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after buying an additional 37 shares during the period. Finally, VitalStone Financial LLC raised its stake in shares of Mastercard by 55.0% in the 1st quarter. VitalStone Financial LLC now owns 93 shares of the credit services provider’s stock valued at $45,000 after buying an additional 33 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Trading Up 0.3 %

Mastercard stock traded up $1.44 during trading hours on Monday, reaching $508.80. 402,457 shares of the company’s stock traded hands, compared to its average volume of 2,419,200. The firm has a market capitalization of $472.99 billion, a price-to-earnings ratio of 40.44, a PEG ratio of 2.27 and a beta of 1.10. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. Mastercard Incorporated has a fifty-two week low of $364.72 and a fifty-two week high of $518.82. The firm’s 50 day moving average is $491.84 and its 200-day moving average is $465.36.

Mastercard (NYSE:MA – Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.08. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The business had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.85 billion. On average, analysts predict that Mastercard Incorporated will post 14.32 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently declared 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 is currently 20.99%.

Insider Buying and Selling

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction that occurred on 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 sale, the chief marketing officer now directly owns 17,118 shares in the company, valued at $8,440,885.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction on 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 transaction, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at $8,440,885.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Foundation Mastercard sold 90,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total value of $42,192,000.00. Following the sale, the insider now directly owns 91,649,308 shares in the company, valued at $42,965,195,590.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 340,809 shares of company stock valued at $159,610,703 over the last three months. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on MA shares. Susquehanna increased their price target on shares of Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a research report on Thursday, August 1st. Royal Bank of Canada upped their price target on Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. William Blair raised Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Citigroup upped their target price on shares of Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Barclays lifted their price target on shares of Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Four research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and a consensus price target of $525.68.

Get Our Latest Analysis on Mastercard

Mastercard Company Profile

(Free Report)

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.

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