Baron Wealth Management LLC Purchases 281 Shares of Mastercard Incorporated (NYSE:MA)

by · The Markets Daily

Baron Wealth Management LLC boosted its position in Mastercard Incorporated (NYSE:MA – Free Report) by 42.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 938 shares of the credit services provider’s stock after acquiring an additional 281 shares during the period. Baron Wealth Management LLC’s holdings in Mastercard were worth $463,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Highline Wealth Partners LLC purchased a new stake in Mastercard in the third quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL purchased a new stake in Mastercard in the second quarter worth approximately $34,000. First Personal Financial Services purchased a new stake in Mastercard in the third quarter worth approximately $39,000. Fairway Wealth LLC purchased a new stake in Mastercard in the second quarter worth approximately $35,000. Finally, Lowe Wealth Advisors LLC boosted its stake in Mastercard by 74.0% in the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after buying an additional 37 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MA has been the subject of several recent research reports. TD Cowen boosted their price objective on Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research report on Friday. Robert W. Baird boosted their price objective on Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Morgan Stanley boosted their price objective on Mastercard from $544.00 to $564.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Bank of America boosted their price objective on Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $572.00 price objective on shares of Mastercard in a research report on Thursday, November 14th. Four analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $549.16.

Check Out Our Latest Report on MA

Mastercard Price Performance

Shares of Mastercard stock opened at $521.63 on Tuesday. The stock has a market cap of $478.77 billion, a price-to-earnings ratio of 39.46, a price-to-earnings-growth ratio of 2.32 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a 50 day moving average price of $504.78 and a 200-day moving average price of $471.95. Mastercard Incorporated has a one year low of $398.26 and a one year high of $534.03.

Mastercard (NYSE:MA – Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The firm had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. During the same period last year, the company earned $3.39 EPS. Mastercard’s quarterly revenue was up 12.8% compared to the same quarter last year. Equities analysts expect that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s dividend payout ratio is currently 19.97%.

Insider Buying and Selling

In other Mastercard news, major shareholder Foundation Mastercard sold 90,000 shares of Mastercard stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the completion of the sale, the insider now directly owns 91,649,308 shares of the company’s stock, valued at $42,965,195,590.40. The trade was a 0.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the sale, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. This trade represents a 23.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 99,370 shares of company stock valued at $46,797,168. Insiders own 0.10% of the company’s stock.

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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