LVW Advisors LLC Acquires 271 Shares of Mastercard Incorporated (NYSE:MA)

LVW Advisors LLC lifted its holdings in Mastercard Incorporated (NYSE:MA) by 4.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,824 shares of the credit services provider’s stock after buying an additional 271 shares during the period. LVW Advisors LLC’s holdings in Mastercard were worth $2,805,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Hoxton Planning & Management LLC increased its holdings in shares of Mastercard by 1.4% in the 1st quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock worth $788,000 after buying an additional 22 shares during the last quarter. Carolinas Wealth Consulting LLC boosted its stake in shares of Mastercard by 5.0% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock worth $206,000 after purchasing an additional 23 shares during the period. Benin Management CORP boosted its stake in shares of Mastercard by 3.0% during the 1st quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock worth $382,000 after purchasing an additional 23 shares during the period. Atticus Wealth Management LLC boosted its stake in shares of Mastercard by 1.3% during the 1st quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock worth $835,000 after purchasing an additional 23 shares during the period. Finally, Cypress Wealth Services LLC boosted its position in Mastercard by 2.9% in the 4th quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock valued at $369,000 after buying an additional 24 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Insider Activity

In other news, major shareholder Foundation Mastercard sold 151,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $452.55, for a total value of $68,335,050.00. Following the sale, the insider now directly owns 95,930,308 shares of the company’s stock, valued at approximately $43,413,260,885.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, major shareholder Foundation Mastercard sold 151,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $452.55, for a total value of $68,335,050.00. Following the sale, the insider now directly owns 95,930,308 shares of the company’s stock, valued at approximately $43,413,260,885.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sandra A. Arkell sold 300 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $447.23, for a total transaction of $134,169.00. Following the completion of the sale, the insider now directly owns 4,063 shares in the company, valued at $1,817,095.49. The disclosure for this sale can be found here. Insiders have sold 3,163,228 shares of company stock valued at $1,428,540,870 in the last ninety days. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Robert W. Baird boosted their price objective on shares of Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. Susquehanna reissued a “positive” rating and issued a $535.00 price objective on shares of Mastercard in a research report on Wednesday, April 3rd. Evercore ISI lowered their price objective on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. TD Cowen assumed coverage on shares of Mastercard in a research report on Thursday, April 11th. They issued a “buy” rating and a $545.00 price objective for the company. Finally, Morgan Stanley lowered their price objective on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and an average price target of $496.91.

Mastercard Trading Down 0.4 %

Shares of Mastercard stock opened at $441.16 on Monday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. Mastercard Incorporated has a 12-month low of $359.77 and a 12-month high of $490.00. The firm has a market capitalization of $410.11 billion, a price-to-earnings ratio of 35.07, a PEG ratio of 1.72 and a beta of 1.09. The firm’s 50 day simple moving average is $451.50 and its two-hundred day simple moving average is $453.31.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same quarter in the prior year, the business posted $2.80 EPS. Mastercard’s revenue for the quarter was up 10.4% compared to the same quarter last year. Analysts predict that Mastercard Incorporated will post 14.26 EPS for the current year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is currently 20.99%.

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.