Kingsview Wealth Management LLC Raises Stock Holdings in Mastercard Incorporated $MA

Kingsview Wealth Management LLC boosted its position in Mastercard Incorporated (NYSE:MA) by 10.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 88,835 shares of the credit services provider’s stock after purchasing an additional 8,382 shares during the quarter. Mastercard makes up 0.8% of Kingsview Wealth Management LLC’s portfolio, making the stock its 28th biggest position. Kingsview Wealth Management LLC’s holdings in Mastercard were worth $50,530,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MA. Vulcan Value Partners LLC grew its holdings in shares of Mastercard by 6.5% during the third quarter. Vulcan Value Partners LLC now owns 466,222 shares of the credit services provider’s stock valued at $265,233,000 after buying an additional 28,331 shares during the last quarter. Nicholson Wealth Management Group LLC raised its holdings in Mastercard by 153.6% in the 3rd quarter. Nicholson Wealth Management Group LLC now owns 2,856 shares of the credit services provider’s stock worth $1,625,000 after acquiring an additional 1,730 shares during the last quarter. Mn Services Vermogensbeheer B.V. lifted its position in Mastercard by 1.5% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 309,192 shares of the credit services provider’s stock valued at $175,872,000 after acquiring an additional 4,700 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. boosted its stake in Mastercard by 88.9% during the 3rd quarter. Financiere des Professionnels Fonds d investissement inc. now owns 15,335 shares of the credit services provider’s stock valued at $8,723,000 after purchasing an additional 7,215 shares during the last quarter. Finally, Global X Japan Co. Ltd. boosted its stake in Mastercard by 3,694.7% during the 3rd quarter. Global X Japan Co. Ltd. now owns 9,297 shares of the credit services provider’s stock valued at $5,288,000 after purchasing an additional 9,052 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Price Performance

Shares of NYSE:MA opened at $515.92 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.36. The stock has a market capitalization of $460.11 billion, a PE ratio of 31.23, a price-to-earnings-growth ratio of 1.67 and a beta of 0.83. The firm’s 50 day moving average price is $545.00 and its 200-day moving average price is $559.33. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, January 29th. The credit services provider reported $4.76 EPS for the quarter, beating analysts’ consensus estimates of $4.24 by $0.52. The business had revenue of $8.81 billion during the quarter, compared to analysts’ expectations of $8.80 billion. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The firm’s revenue was up 17.5% on a year-over-year basis. During the same period in the prior year, the company earned $3.82 earnings per share. Equities research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Thursday, April 9th will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, April 9th. Mastercard’s dividend payout ratio (DPR) is currently 21.07%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Dbs Bank raised Mastercard to a “moderate buy” rating in a report on Friday, February 6th. Wall Street Zen raised Mastercard from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. Cantor Fitzgerald raised shares of Mastercard to a “strong-buy” rating in a report on Tuesday, January 27th. Raymond James Financial reduced their price target on shares of Mastercard from $707.00 to $631.00 and set an “outperform” rating for the company in a research note on Thursday, January 29th. Finally, Evercore set a $610.00 price objective on shares of Mastercard in a report on Friday, December 12th. Six investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $669.27.

About Mastercard

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.