Chemistry Wealth Management LLC Raises Position in Mastercard Incorporated $MA

Chemistry Wealth Management LLC raised its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,728 shares of the credit services provider’s stock after purchasing an additional 34 shares during the period. Chemistry Wealth Management LLC’s holdings in Mastercard were worth $2,657,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Flaharty Asset Management LLC bought a new stake in shares of Mastercard in the 1st quarter worth approximately $27,000. Keystone Global Partners LLC bought a new stake in shares of Mastercard in the 1st quarter worth approximately $31,000. 10Elms LLP bought a new stake in shares of Mastercard in the 4th quarter worth approximately $33,000. Hughes Financial Services LLC purchased a new stake in shares of Mastercard during the first quarter valued at approximately $34,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of Mastercard during the fourth quarter valued at approximately $36,000. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Down 1.4%

Shares of MA stock opened at $580.75 on Monday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The stock has a market cap of $525.00 billion, a P/E ratio of 39.16, a PEG ratio of 2.38 and a beta of 0.99. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The company’s fifty day simple moving average is $574.60 and its two-hundred day simple moving average is $558.29.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping analysts’ consensus estimates of $4.05 by $0.10. The company had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same period in the previous year, the business earned $3.50 earnings per share. Analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th were given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Wednesday, July 9th. Mastercard’s dividend payout ratio is currently 20.50%.

Insider Activity

In other news, insider Craig Vosburg sold 9,428 shares of the company’s stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the sale, the insider directly owned 58,451 shares in the company, valued at approximately $20,636,125.55. This represents a 13.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of the company’s stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $560.00, for a total transaction of $536,480.00. Following the sale, the insider owned 23,624 shares in the company, valued at $13,229,440. This represents a 3.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 49,094 shares of company stock worth $26,521,861. 0.09% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on MA. Wall Street Zen raised Mastercard from a “hold” rating to a “buy” rating in a report on Friday, July 18th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Mastercard in a report on Friday, June 6th. Morgan Stanley upped their price target on Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Wells Fargo & Company upped their price target on Mastercard from $625.00 to $650.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, Wolfe Research set a $655.00 target price on shares of Mastercard in a report on Monday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $626.54.

Mastercard Profile

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.