KFG Wealth Management LLC Acquires 32 Shares of Mastercard Incorporated (NYSE:MA)

KFG Wealth Management LLC increased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 3.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,054 shares of the credit services provider’s stock after buying an additional 32 shares during the quarter. KFG Wealth Management LLC’s holdings in Mastercard were worth $508,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Altshuler Shaham Ltd bought a new stake in shares of Mastercard in the fourth quarter worth $26,000. VitalStone Financial LLC grew its stake in Mastercard by 300.0% in the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 45 shares during the period. LFA Lugano Financial Advisors SA bought a new position in Mastercard during the fourth quarter valued at $27,000. Westend Capital Management LLC bought a new position in Mastercard during the first quarter worth about $27,000. Finally, Scarborough Advisors LLC bought a new stake in Mastercard during the 4th quarter valued at $28,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of MA traded up $3.53 during mid-day trading on Wednesday, hitting $448.18. The stock had a trading volume of 3,192,304 shares, compared to its average volume of 2,468,814. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86. The company’s fifty day simple moving average is $450.76 and its two-hundred day simple moving average is $453.63. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $490.00. The company has a market cap of $416.63 billion, a PE ratio of 35.61, a PEG ratio of 1.72 and a beta of 1.09.

Mastercard (NYSE:MA) last announced its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, topping the consensus estimate of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. During the same quarter in the previous year, the company earned $2.80 earnings per share. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. On average, equities analysts expect that Mastercard Incorporated will post 14.26 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be paid a dividend of $0.66 per share. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.59%. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Insider Buying and Selling

In other Mastercard news, major shareholder Foundation Mastercard sold 151,000 shares of Mastercard stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $452.55, for a total transaction of $68,335,050.00. Following the sale, the insider now owns 95,930,308 shares in the company, valued at $43,413,260,885.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder Foundation Mastercard sold 151,000 shares of Mastercard stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $452.55, for a total value of $68,335,050.00. Following the completion of the sale, the insider now directly owns 95,930,308 shares in the company, valued at $43,413,260,885.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Craig Vosburg sold 9,028 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $447.28, for a total transaction of $4,038,043.84. Following the transaction, the insider now owns 58,940 shares of the company’s stock, valued at approximately $26,362,683.20. The disclosure for this sale can be found here. In the last three months, insiders sold 3,163,228 shares of company stock valued at $1,428,540,870. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

MA has been the subject of several recent analyst reports. Evercore ISI cut their price objective on Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Robert W. Baird lifted their target price on shares of Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Barclays reduced their target price on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a research report on Monday, May 6th. Mizuho cut their price target on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Finally, Susquehanna reaffirmed a “positive” rating and set a $535.00 target price on shares of Mastercard in a report on Wednesday, April 3rd. Two research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $496.91.

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.