994 Shares in Mastercard Incorporated (NYSE:MA) Acquired by Discipline Wealth Solutions LLC

Discipline Wealth Solutions LLC acquired a new position in shares of Mastercard Incorporated (NYSE:MA - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 994 shares of the credit services provider's stock, valued at approximately $491,000.

Several other hedge funds also recently modified their holdings of MA. Highline Wealth Partners LLC bought a new stake in shares of Mastercard during the third quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL bought a new stake in Mastercard during the 2nd quarter valued at $34,000. Fairway Wealth LLC acquired a new position in Mastercard during the second quarter worth $35,000. First Personal Financial Services bought a new position in shares of Mastercard in the third quarter valued at $39,000. Finally, Lowe Wealth Advisors LLC lifted its stake in shares of Mastercard by 74.0% in the third 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 in the last quarter. Institutional investors own 97.28% of the company's stock.

Mastercard Stock Performance

Mastercard stock traded up $5.44 during mid-day trading on Wednesday, reaching $534.45. The company's stock had a trading volume of 1,956,821 shares, compared to its average volume of 2,460,128. The firm's fifty day moving average price is $515.08 and its two-hundred day moving average price is $479.86. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. Mastercard Incorporated has a 12-month low of $411.60 and a 12-month high of $535.89. The company has a market capitalization of $490.53 billion, a P/E ratio of 40.28, a PEG ratio of 2.35 and a beta of 1.10.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The company had revenue of $7.37 billion during the quarter, compared to analysts' expectations of $7.27 billion. During the same period in the previous year, the business earned $3.39 earnings per share. The firm's quarterly revenue was up 12.8% compared to the same quarter last year. Sell-side analysts predict that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were given a $0.66 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.49%. Mastercard's dividend payout ratio (DPR) is currently 19.97%.

Insider Activity at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the business's stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now owns 15,031 shares of the company's stock, valued at approximately $7,363,085.66. The trade was a 23.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MA. Morgan Stanley upped their target price on shares of Mastercard from $544.00 to $564.00 and gave the stock an "overweight" rating in a report on Thursday, November 14th. Mizuho raised their target price on Mastercard from $496.00 to $532.00 and gave the company an "outperform" rating in a report on Friday, November 1st. William Blair reiterated an "outperform" rating on shares of Mastercard in a report on Monday, November 25th. Royal Bank of Canada restated an "outperform" rating and set a $572.00 price objective on shares of Mastercard in a research note on Thursday, November 14th. Finally, KeyCorp upped their target price on shares of Mastercard from $515.00 to $580.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. Four research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $559.28.

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.