Tyche Wealth Partners LLC Makes New $3.05 Million Investment in Mastercard Incorporated (NYSE:MA)

Tyche Wealth Partners LLC acquired a new position in shares of Mastercard Incorporated (NYSE:MA) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 7,149 shares of the credit services provider’s stock, valued at approximately $3,049,000. Mastercard accounts for 0.7% of Tyche Wealth Partners LLC’s holdings, making the stock its 28th largest holding.

Other large investors have also recently added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA bought a new position in Mastercard during the 4th quarter worth $27,000. Hibernia Wealth Partners LLC acquired a new stake in shares of Mastercard during the 3rd quarter worth $27,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Mastercard during the 1st quarter worth $25,000. Barometer Capital Management Inc. acquired a new stake in shares of Mastercard during the 3rd quarter worth $36,000. Finally, Mascoma Wealth Management LLC acquired a new stake in shares of Mastercard during the 3rd quarter worth $38,000. Institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on MA. William Blair reissued an “outperform” rating on shares of Mastercard in a report on Wednesday, January 31st. The Goldman Sachs Group increased their target price on Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. TD Cowen began coverage on Mastercard in a report on Thursday, April 11th. They set a “buy” rating and a $545.00 target price on the stock. Susquehanna reaffirmed a “positive” rating and issued a $535.00 price objective on shares of Mastercard in a research note on Wednesday, April 3rd. Finally, Wells Fargo & Company raised their price objective on Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Two investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $485.91.

Mastercard Trading Down 0.1 %

Shares of MA traded down $0.29 during mid-day trading on Tuesday, reaching $459.50. 1,787,160 shares of the company were exchanged, compared to its average volume of 2,421,027. Mastercard Incorporated has a 52 week low of $357.85 and a 52 week high of $490.00. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $428.66 billion, a PE ratio of 38.95, a PEG ratio of 1.77 and a beta of 1.08. The business has a 50 day simple moving average of $471.87 and a two-hundred day simple moving average of $432.58.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $0.10. The company had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.46 billion. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. During the same period last year, the company earned $2.65 earnings per share. On average, analysts predict that Mastercard Incorporated will post 14.35 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 dividend on an annualized basis and a yield of 0.57%. Mastercard’s payout ratio is currently 22.32%.

Insiders Place Their Bets

In other Mastercard news, insider Ajay Bhalla sold 98 shares of Mastercard stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $439.52, for a total value of $43,072.96. Following the completion of the sale, the insider now directly owns 6,235 shares in the company, valued at $2,740,407.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the sale, the insider now owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ajay Bhalla sold 98 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $439.52, for a total value of $43,072.96. Following the completion of the sale, the insider now directly owns 6,235 shares of the company’s stock, valued at approximately $2,740,407.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,728 shares of company stock worth $19,479,753. 0.13% of the stock is owned by corporate insiders.

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.