Legacy Capital Wealth Partners LLC Increases Stake in Mastercard

During the third quarter, Legacy Capital Wealth Partners LLC significantly increased its investment in Mastercard Incorporated (NYSE:MA - Free Report), boosting its stake by 81.3%. According to recent disclosures made to the Securities and Exchange Commission, the firm now owns a total of 4,439 shares of the credit services company's stock, having purchased an additional 1,990 shares during this quarter. As reported, these holdings are valued at approximately $2,192,000.

Institutional Investment Trends

In addition to Legacy Capital's actions, several other institutional investors and hedge funds have also adjusted their stakes in Mastercard. For instance, Highline Wealth Partners LLC established a new position in the company worth around $25,000 during the third quarter. Strategic Investment Solutions Inc. of Illinois also bought into Mastercard, acquiring shares valued at $34,000 during the previous quarter. Other notable investments include First Personal Financial Services, which advanced its stake to approximately $39,000 in the third quarter, and Fairway Wealth LLC, which invested about $35,000 in the second quarter. Furthermore, Lowe Wealth Advisors LLC significantly increased its stake by 74.0%, now owning 87 shares valued at around $43,000 after buying 37 additional shares. Overall, institutional investors and hedge funds collectively own about 97.28% of Mastercard's stock.

Recent Insider Transactions

On the insider front, noteworthy transactions have occurred at Mastercard. Chief Marketing Officer Venkata R. Madabhushi sold 4,685 shares on September 20th at an average price of $489.86, totaling approximately $2,294,994. After this transaction, he holds 15,031 shares valued at roughly $7,363,085. Another significant sale involved the major shareholder Foundation Mastercard, which sold 119,000 shares at an average price of $468.46 on August 16th, amassing about $55,746,740. Following this, the Foundation continues to own over 92 million shares, valued at approximately $43 billion. Throughout the last three months, insiders have sold around 327,370 shares valued at approximately $153 million, with company insiders currently holding about 0.10% of the total stock.

Current Stock Performance of Mastercard

As of the latest market analysis, Mastercard stock opened at $524.76. The company’s one-year performance has shown a low of $386.74 and a high of $528.84. With a market capitalization of $481.64 billion, Mastercard features a P/E ratio of 39.69 and a P/E/G ratio of 2.28, alongside a beta of 1.10. The firm's financial ratios include a current ratio and quick ratio of 1.29, and a debt-to-equity ratio standing at 2.36. Currently, it has a 50-day moving average of $499.68 and a 200-day moving average of $468.84.

Mastercard's Recent Earnings Report

On October 31st, Mastercard announced its quarterly earnings, reporting earnings of $3.89 per share, which exceeded analysts' expectations of $3.73 by $0.16. The company boasted a return on equity of 178.27% and a net margin of 45.26%. Mastercard's revenues totaled $7.37 billion for the quarter, surpassing analyst predictions of $7.27 billion, representing a 12.8% increase from the same quarter the previous year. Analysts forecast that Mastercard Incorporated will deliver an earnings per share of 14.45 for the current fiscal year.

Dividends and Future Outlook

Mastercard recently declared a quarterly dividend, which was paid on November 8th. Shareholders who were on record as of October 9th received a dividend of $0.66, marking an annualized dividend payout of $2.64 with a yield of 0.50%. The company’s current dividend payout ratio is at 19.97%.

Analyst Ratings and Forecasts

Numerous research firms have provided their assessments of Mastercard. For instance, JPMorgan Chase & Co. reduced their price target from $593 to $580, maintaining an "overweight" rating. BNP Paribas changed their rating from "outperform" to "neutral" with a target price set at $470. Meanwhile, Compass Point initiated coverage with a "neutral" rating and a $525 price objective. Argus raised its rating to "strong-buy", while Piper Sandler reiterated its "overweight" rating and upped its price target to $565 from $536. Despite these fluctuations in ratings, consensus indicates that Mastercard has a "Moderate Buy" rating, with an average price target estimated at $540.17.

Overview of Mastercard Incorporated

Mastercard Incorporated is a technology company offering a wide range of transaction processing and payment-related services globally. Their products cater to various sectors, providing integrated solutions designed for account holders, merchants, financial institutions, digital partners, and businesses. This includes programs that facilitate deferred payment plans and prepaid payment solutions, among others.

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