Solidarity Wealth LLC Acquires 7,264 Shares of Mastercard Incorporated $MA

Solidarity Wealth LLC boosted its holdings in Mastercard Incorporated (NYSE:MA) by 43.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,135 shares of the credit services provider’s stock after purchasing an additional 7,264 shares during the period. Mastercard comprises 3.2% of Solidarity Wealth LLC’s holdings, making the stock its 11th largest position. Solidarity Wealth LLC’s holdings in Mastercard were worth $13,562,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after acquiring an additional 2,028 shares during the last quarter. Baker Avenue Asset Management LP raised its holdings in shares of Mastercard by 12.0% in the 1st quarter. Baker Avenue Asset Management LP now owns 2,085 shares of the credit services provider’s stock worth $1,143,000 after purchasing an additional 224 shares during the period. IFG Advisory LLC raised its holdings in shares of Mastercard by 2.2% in the 1st quarter. IFG Advisory LLC now owns 5,395 shares of the credit services provider’s stock worth $2,957,000 after purchasing an additional 114 shares during the period. Liberty Wealth Management LLC lifted its stake in Mastercard by 7,056.6% in the first quarter. Liberty Wealth Management LLC now owns 67,630 shares of the credit services provider’s stock valued at $37,069,000 after purchasing an additional 66,685 shares during the last quarter. Finally, Cheviot Value Management LLC grew its holdings in Mastercard by 27.7% during the first quarter. Cheviot Value Management LLC now owns 1,231 shares of the credit services provider’s stock valued at $691,000 after purchasing an additional 267 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the completion of the sale, the chief financial officer owned 31,234 shares of the company’s stock, valued at approximately $18,459,294. This trade represents a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.09% of the company’s stock.

Mastercard Trading Up 1.2%

Shares of Mastercard stock opened at $551.25 on Monday. The company’s 50-day moving average price is $559.06 and its 200-day moving average price is $568.20. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The company has a market cap of $495.02 billion, a price-to-earnings ratio of 37.17, a PEG ratio of 2.27 and a beta of 0.92.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.53 billion. During the same quarter in the prior year, the firm posted $3.89 EPS. Mastercard’s revenue was up 16.7% on a year-over-year basis. On average, equities analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Thursday, October 9th were issued a $0.76 dividend. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.6%. Mastercard’s dividend payout ratio is presently 19.44%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on MA shares. Robert W. Baird boosted their target price on Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. KeyCorp restated an “overweight” rating and issued a $665.00 price objective on shares of Mastercard in a research note on Wednesday, October 22nd. UBS Group upped their price objective on shares of Mastercard from $690.00 to $700.00 and gave the company a “buy” rating in a report on Friday, October 31st. Wall Street Zen downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Friday. Finally, TD Cowen restated a “buy” rating and set a $645.00 price target on shares of Mastercard in a research note on Monday, August 11th. Four analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $652.50.

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.