Kiley Juergens Wealth Management LLC Makes New $658,000 Investment in Mastercard Incorporated $MA

Kiley Juergens Wealth Management LLC bought a new stake in Mastercard Incorporated (NYSE:MA) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,317 shares of the credit services provider’s stock, valued at approximately $658,000.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in Mastercard by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 79,897,854 shares of the credit services provider’s stock worth $45,612,087,000 after buying an additional 466,514 shares during the last quarter. J. Stern & Co. LLP raised its holdings in Mastercard by 53,535.0% during the fourth quarter. J. Stern & Co. LLP now owns 72,597,097 shares of the credit services provider’s stock worth $41,444,231,000 after purchasing an additional 72,461,743 shares in the last quarter. State Street Corp raised its holdings in Mastercard by 2.8% during the third quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock worth $20,807,283,000 after purchasing an additional 997,536 shares in the last quarter. Geode Capital Management LLC lifted its position in Mastercard by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 20,686,605 shares of the credit services provider’s stock valued at $11,773,153,000 after purchasing an additional 349,369 shares during the period. Finally, Capital International Investors boosted its holdings in Mastercard by 4.4% in the 4th quarter. Capital International Investors now owns 17,964,658 shares of the credit services provider’s stock valued at $10,256,368,000 after purchasing an additional 759,584 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Trading Up 0.7%

NYSE:MA traded up $3.73 on Tuesday, reaching $536.83. The stock had a trading volume of 1,251,906 shares, compared to its average volume of 3,857,211. Mastercard Incorporated has a 12-month low of $464.52 and a 12-month high of $601.77. The company has a market cap of $474.33 billion, a price-to-earnings ratio of 31.06, a P/E/G ratio of 1.68 and a beta of 0.73. The firm’s fifty day moving average is $497.92 and its two-hundred day moving average is $518.61. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98.

Mastercard (NYSE:MA) last released its earnings results on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, topping the consensus estimate of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The firm had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.26 billion. During the same period in the previous year, the company earned $3.73 EPS. Mastercard’s revenue for the quarter was up 15.8% on a year-over-year basis. Equities analysts expect that Mastercard Incorporated will post 19.61 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 9th will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $3.48 annualized dividend and a yield of 0.6%. Mastercard’s dividend payout ratio is 20.14%.

Insider Buying and Selling

In other Mastercard news, insider Raj Seshadri sold 4,828 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $525.00, for a total transaction of $2,534,700.00. Following the transaction, the insider owned 16,429 shares of the company’s stock, valued at $8,625,225. This trade represents a 22.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on MA. BNP Paribas Exane upgraded Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 target price on the stock in a research report on Thursday, March 19th. Wall Street Zen cut Mastercard from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. BMO Capital Markets initiated coverage on Mastercard in a research note on Tuesday, April 21st. They issued an “outperform” rating and a $605.00 price target on the stock. Truist Financial dropped their price objective on Mastercard from $590.00 to $561.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Finally, UBS Group reiterated a “buy” rating on shares of Mastercard in a research report on Thursday, June 25th. Six analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Mastercard presently has a consensus rating of “Buy” and an average price target of $654.31.

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.