Caliber Wealth Management LLC KS Increases Holdings in Mastercard Incorporated $MA

Caliber Wealth Management LLC KS grew its holdings in Mastercard Incorporated (NYSE:MA) by 15.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,007 shares of the credit services provider’s stock after acquiring an additional 135 shares during the period. Caliber Wealth Management LLC KS’s holdings in Mastercard were worth $566,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in MA. LGT Financial Advisors LLC purchased a new stake in shares of Mastercard in the second quarter worth about $25,000. Family Legacy Financial Solutions LLC purchased a new stake in Mastercard during the second quarter valued at approximately $26,000. Flaharty Asset Management LLC purchased a new stake in Mastercard during the first quarter valued at approximately $27,000. Keystone Global Partners LLC purchased a new stake in Mastercard during the first quarter valued at approximately $31,000. Finally, IMG Wealth Management Inc. purchased a new stake in Mastercard during the second quarter valued at approximately $31,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on MA. Weiss Ratings restated a “buy (b)” rating on shares of Mastercard in a research report on Wednesday, October 8th. Morgan Stanley upped their price objective on Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Mastercard in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft began coverage on Mastercard in a research note on Thursday, July 17th. They set a “buy” rating and a $650.00 target price on the stock. Finally, Wall Street Zen raised Mastercard from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $638.00.

Mastercard Stock Performance

Shares of MA opened at $570.57 on Thursday. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The stock has a fifty day moving average price of $579.88 and a 200-day moving average price of $564.14. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The firm has a market cap of $515.80 billion, a PE ratio of 38.47, a P/E/G ratio of 2.34 and a beta of 0.97.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating the consensus estimate of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. During the same quarter in the prior year, the business posted $3.50 EPS. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. Equities research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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

Insider Transactions at Mastercard

In related news, CFO J. Mehra Sachin sold 17,816 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total value of $10,456,032.24. Following the completion of the transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,330,922.26. This trade represents a 36.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.09% of the stock is owned by company insiders.

Mastercard Company 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.