Parisi Gray Wealth Management Raises Holdings in Mastercard Inc (NYSE:MA)

Parisi Gray Wealth Management boosted its position in shares of Mastercard Inc (NYSE:MA) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,217 shares of the credit services provider’s stock after acquiring an additional 135 shares during the period. Mastercard makes up approximately 2.6% of Parisi Gray Wealth Management’s holdings, making the stock its 8th largest holding. Parisi Gray Wealth Management’s holdings in Mastercard were worth $4,544,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MA. Johanson Financial Advisors Inc. boosted its holdings in Mastercard by 29,736.5% during the fourth quarter. Johanson Financial Advisors Inc. now owns 5,985,794 shares of the credit services provider’s stock valued at $20,043,000 after purchasing an additional 5,965,732 shares in the last quarter. Nomura Holdings Inc. boosted its holdings in Mastercard by 957.5% during the third quarter. Nomura Holdings Inc. now owns 521,174 shares of the credit services provider’s stock valued at $141,230,000 after purchasing an additional 581,955 shares in the last quarter. Rothschild & Co Wealth Management UK Ltd acquired a new stake in Mastercard during the second quarter valued at approximately $133,846,000. California Public Employees Retirement System boosted its holdings in Mastercard by 29.7% during the third quarter. California Public Employees Retirement System now owns 2,030,927 shares of the credit services provider’s stock valued at $551,539,000 after purchasing an additional 465,173 shares in the last quarter. Finally, PointState Capital LP boosted its holdings in Mastercard by 232.7% during the third quarter. PointState Capital LP now owns 519,255 shares of the credit services provider’s stock valued at $141,014,000 after purchasing an additional 363,205 shares in the last quarter. Hedge funds and other institutional investors own 74.40% of the company’s stock.

A number of equities research analysts have weighed in on MA shares. Robert W. Baird lifted their price objective on Mastercard from $338.00 to $348.00 and gave the company an “outperform” rating in a report on Wednesday. Compass Point started coverage on Mastercard in a report on Thursday, December 5th. They set a “buy” rating and a $330.00 price objective on the stock. SunTrust Banks lifted their price objective on Mastercard from $325.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. BMO Capital Markets boosted their target price on Mastercard to $348.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. They noted that the move was a valuation call. Finally, Morgan Stanley boosted their target price on Mastercard from $338.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. Mastercard has a consensus rating of “Buy” and a consensus target price of $324.21.

In other Mastercard news, major shareholder Foundation Mastercard sold 7,542 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $275.51, for a total transaction of $2,077,896.42. Following the transaction, the insider now owns 111,947,352 shares of the company’s stock, valued at approximately $30,842,614,949.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Richard Haythornthwaite sold 5,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $280.00, for a total value of $1,400,000.00. Following the transaction, the director now directly owns 32,119 shares in the company, valued at approximately $8,993,320. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 218,753 shares of company stock worth $66,588,922. Company insiders own 3.70% of the company’s stock.

NYSE:MA traded down $2.41 during trading hours on Friday, hitting $322.57. 164,245 shares of the stock were exchanged, compared to its average volume of 3,043,705. The company’s 50 day moving average is $303.15 and its two-hundred day moving average is $283.18. Mastercard Inc has a twelve month low of $197.66 and a twelve month high of $326.79. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.55. The company has a market capitalization of $327.18 billion, a P/E ratio of 47.89, a price-to-earnings-growth ratio of 2.23 and a beta of 1.03.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.14. Mastercard had a return on equity of 146.92% and a net margin of 42.50%. The firm had revenue of $4.47 billion for the quarter, compared to the consensus estimate of $4.41 billion. During the same quarter in the prior year, the business earned $1.78 EPS. The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. On average, equities research analysts expect that Mastercard Inc will post 7.69 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, January 9th will be issued a dividend of $0.40 per share. This is an increase from Mastercard’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.60 annualized dividend and a yield of 0.50%. Mastercard’s dividend payout ratio is currently 24.65%.

Mastercard announced that its Board of Directors has approved a stock repurchase plan on Tuesday, December 3rd that allows the company to buyback $8.00 billion in shares. This buyback authorization allows the credit services provider to reacquire up to 2.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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