Peterson Wealth Management Sells 37 Shares of Mastercard Incorporated (NYSE:MA)

Peterson Wealth Management lowered its position in Mastercard Incorporated (NYSE:MA) by 0.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,771 shares of the credit services provider’s stock after selling 37 shares during the period. Mastercard comprises approximately 3.4% of Peterson Wealth Management’s holdings, making the stock its 11th largest position. Peterson Wealth Management’s holdings in Mastercard were worth $5,319,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Goldstein Advisors LLC increased its holdings in Mastercard by 1.3% during the third quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock valued at $749,000 after buying an additional 20 shares during the period. McLean Asset Management Corp boosted its position in Mastercard by 1.3% during the 3rd quarter. McLean Asset Management Corp now owns 1,677 shares of the credit services provider’s stock valued at $834,000 after acquiring an additional 21 shares in the last quarter. Oldfather Financial Services LLC increased its holdings in shares of Mastercard by 2.6% in the 3rd quarter. Oldfather Financial Services LLC now owns 827 shares of the credit services provider’s stock valued at $408,000 after acquiring an additional 21 shares during the period. Transcendent Capital Group LLC raised its position in shares of Mastercard by 4.8% in the 3rd quarter. Transcendent Capital Group LLC now owns 455 shares of the credit services provider’s stock worth $225,000 after acquiring an additional 21 shares in the last quarter. Finally, Guerra Pan Advisors LLC lifted its stake in shares of Mastercard by 1.7% during the 3rd quarter. Guerra Pan Advisors LLC now owns 1,225 shares of the credit services provider’s stock worth $605,000 after purchasing an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. UBS Group boosted their target price on shares of Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. BMO Capital Markets boosted their price objective on shares of Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Oppenheimer started coverage on shares of Mastercard in a research report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 target price for the company. JPMorgan Chase & Co. cut their price target on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. Finally, Compass Point initiated coverage on Mastercard in a report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $549.16.

Insiders Place Their Bets

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction 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 $7,363,085.66. This represents a 23.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.10% of the company’s stock.

Mastercard Trading Up 0.7 %

Shares of Mastercard stock opened at $532.38 on Friday. Mastercard Incorporated has a 1 year low of $404.32 and a 1 year high of $534.03. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market cap of $488.63 billion, a PE ratio of 40.27, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The firm has a fifty day moving average price of $509.57 and a 200 day moving average price of $475.63.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating 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 business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. During the same quarter last year, the business posted $3.39 EPS. The company’s revenue was up 12.8% on a year-over-year basis. Equities research analysts predict that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s payout ratio is presently 19.97%.

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.