Arkadios Wealth Advisors Has $2.94 Million Position in Mastercard Incorporated (NYSE:MA)

Posted by Bryan LeMar on Mar 19th, 2023

Arkadios Wealth Advisors raised its stake in shares of Mastercard Incorporated (NYSE:MA – Get Rating) by 0.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 8,446 shares of the credit services provider’s stock after purchasing an additional 41 shares during the period. Arkadios Wealth Advisors’ holdings in Mastercard were worth $2,937,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MA. Bornite Capital Management LP acquired a new stake in shares of Mastercard during the 1st quarter valued at $21,442,000. United Bank raised its holdings in shares of Mastercard by 34.5% during the 1st quarter. United Bank now owns 6,007 shares of the credit services provider’s stock valued at $2,147,000 after purchasing an additional 1,541 shares in the last quarter. Mackenzie Financial Corp raised its holdings in shares of Mastercard by 30.1% during the 1st quarter. Mackenzie Financial Corp now owns 272,358 shares of the credit services provider’s stock valued at $97,335,000 after purchasing an additional 63,040 shares in the last quarter. First Western Trust Bank bought a new position in shares of Mastercard during the 1st quarter valued at $1,168,000. Finally, Bridgewater Associates LP bought a new position in shares of Mastercard during the 1st quarter valued at $12,926,000. Institutional investors and hedge funds own 74.51% of the company’s stock.

Mastercard Price Performance

NYSE:MA traded up $1.66 on Friday, reaching $349.66. The stock had a trading volume of 8,426,918 shares, compared to its average volume of 2,903,498. The company has a market capitalization of $333.31 billion, a P/E ratio of 34.21, a price-to-earnings-growth ratio of 1.66 and a beta of 1.11. Mastercard Incorporated has a 1-year low of $276.87 and a 1-year high of $390.00. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.16. The stock has a fifty day moving average price of $365.66 and a 200-day moving average price of $340.32.

Mastercard (NYSE:MA – Get Rating) last released its quarterly earnings results on Thursday, January 26th. The credit services provider reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.56 by $0.09. The firm had revenue of $5.82 billion for the quarter, compared to analyst estimates of $5.79 billion. Mastercard had a net margin of 44.65% and a return on equity of 158.38%. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.35 earnings per share. Research analysts forecast that Mastercard Incorporated will post 12.13 EPS for the current year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 9th. Shareholders of record on Friday, April 7th will be given a $0.57 dividend. The ex-dividend date is Wednesday, April 5th. This represents a $2.28 dividend on an annualized basis and a yield of 0.65%. Mastercard’s dividend payout ratio (DPR) is presently 22.31%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Redburn Partners assumed coverage on shares of Mastercard in a report on Tuesday, November 29th. They set a “neutral” rating on the stock. Morgan Stanley raised their price target on shares of Mastercard from $437.00 to $438.00 and gave the company an “overweight” rating in a report on Friday, January 27th. Wolfe Research lifted their target price on shares of Mastercard from $395.00 to $415.00 in a report on Thursday, January 5th. Mizuho lifted their target price on shares of Mastercard from $380.00 to $405.00 and gave the stock a “buy” rating in a report on Monday, January 30th. Finally, Susquehanna lifted their target price on shares of Mastercard from $405.00 to $433.00 and gave the stock a “positive” rating in a report on Friday, January 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, Mastercard has an average rating of “Moderate Buy” and an average target price of $413.41.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Hai Ling sold 8,220 shares of the business’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $356.31, for a total value of $2,928,868.20. Following the completion of the transaction, the insider now directly owns 26,496 shares of the company’s stock, valued at $9,440,789.76. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Mastercard news, insider Hai Ling sold 8,220 shares of the business’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $356.31, for a total value of $2,928,868.20. Following the completion of the transaction, the insider now directly owns 26,496 shares of the company’s stock, valued at $9,440,789.76. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Craig Vosburg sold 6,333 shares of the business’s stock in a transaction dated Thursday, January 12th. The stock was sold at an average price of $380.05, for a total transaction of $2,406,856.65. Following the completion of the transaction, the insider now directly owns 41,314 shares of the company’s stock, valued at $15,701,385.70. The disclosure for this sale can be found here. Insiders have sold a total of 655,522 shares of company stock worth $242,724,561 over the last ninety days. Corporate insiders own 0.29% of the company’s stock.

Mastercard Profile

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Mastercard, Inc is a technology company, which engages in the payments industry that connects consumers, financial institutions, merchants, governments, and business. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial, and payment programs. The company was founded in November 1966 and is headquartered in Purchase, NY.