Koshinski Asset Management Inc. Has $2.98 Million Stake in Mastercard Incorporated $MA

Koshinski Asset Management Inc. decreased its holdings in Mastercard Incorporated (NYSE:MA) by 4.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,306 shares of the credit services provider’s stock after selling 267 shares during the period. Koshinski Asset Management Inc.’s holdings in Mastercard were worth $2,982,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in MA. Brighton Jones LLC grew its stake in shares of Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after buying an additional 2,028 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Mastercard by 19.9% in the 1st quarter. GAMMA Investing LLC now owns 15,007 shares of the credit services provider’s stock valued at $8,226,000 after buying an additional 2,493 shares in the last quarter. Centennial Wealth Advisory LLC grew its stake in shares of Mastercard by 4.9% in the 1st quarter. Centennial Wealth Advisory LLC now owns 470 shares of the credit services provider’s stock valued at $258,000 after buying an additional 22 shares in the last quarter. Global X Japan Co. Ltd. bought a new stake in shares of Mastercard in the 1st quarter valued at approximately $54,000. Finally, DecisionMap Wealth Management LLC grew its stake in shares of Mastercard by 3.2% in the 1st quarter. DecisionMap Wealth Management LLC now owns 766 shares of the credit services provider’s stock valued at $420,000 after buying an additional 24 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MA shares. Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a research note on Wednesday, October 8th. KeyCorp boosted their target price on Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. The Goldman Sachs Group restated a “buy” rating on shares of Mastercard in a report on Friday, August 1st. Royal Bank Of Canada boosted their target price on Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Finally, Wall Street Zen upgraded Mastercard from a “hold” rating to a “buy” rating in a report on Saturday. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $634.04.

Mastercard Stock Up 2.1%

Shares of MA stock opened at $561.42 on Friday. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The firm has a market cap of $507.53 billion, a PE ratio of 37.86, a price-to-earnings-growth ratio of 2.25 and a beta of 0.97. The stock has a 50 day moving average of $580.22 and a 200-day moving average of $563.16. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping analysts’ consensus estimates of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. During the same period in the previous year, the company earned $3.50 earnings per share. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. On average, equities analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be given a dividend of $0.76 per share. The ex-dividend date is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. Mastercard’s payout ratio is currently 20.50%.

Insider Activity

In other news, CFO J. Mehra Sachin sold 17,263 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the sale, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,459,294. The trade was a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.09% of the company’s stock.

About Mastercard

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.