Strategic Family Wealth Counselors L.L.C. Purchases New Stake in Mastercard Incorporated $MA

Strategic Family Wealth Counselors L.L.C. purchased a new stake in Mastercard Incorporated (NYSE:MA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,601 shares of the credit services provider’s stock, valued at approximately $851,000.

Other hedge funds have also bought and sold shares of the company. Tacita Capital Inc grew its position in Mastercard by 50.0% in the 3rd quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 19 shares during the period. Foster Dykema Cabot & Partners LLC grew its position in Mastercard by 250.0% in the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 40 shares during the period. Bay Harbor Wealth Management LLC grew its position in Mastercard by 54.1% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock valued at $33,000 after purchasing an additional 20 shares during the period. Birchbrook Inc. bought a new position in Mastercard during the 4th quarter valued at $37,000. Finally, Dagco Inc. lifted its stake in Mastercard by 200.0% during the 4th quarter. Dagco Inc. now owns 66 shares of the credit services provider’s stock valued at $38,000 after acquiring an additional 44 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard News Summary

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard was included in Zacks’ list of transaction stocks to watch, with the note that contactless payments, BNPL, and cross-border payment growth continue to support the industry’s outlook. 5 Financial Transaction Stocks to Watch Amid Digital Advancements
• Positive Sentiment: Amazon launched new business credit cards issued by U.S. Bank on the Mastercard network, which adds another branded-card use case and supports transaction volume for Mastercard. Amazon’s New Prime Business and Amazon Business Credit Cards, Powered by U.S. Bank and Mastercard®, Are Now Available with Enhanced Rewards and Flexible Financing
• Neutral Sentiment: Mastercard appeared in several analyst and market-research items, including a Truist price-target cut to $561 while keeping a buy rating, and other general commentary that did not materially change the company’s operating outlook. Mastercard (NYSE:MA) Price Target Cut to $561.00 by Analysts at Truist Financial
• Negative Sentiment: The biggest drag came from news that the U.S. government opened an inquiry into Brazil’s PIX instant-payments system, raising concerns that low-cost government-backed rails could bypass Mastercard and other card networks and pressure future cross-border transaction growth. U.S. PIX Inquiry Puts Mastercard Growth And Valuation In Focus

Mastercard Price Performance

Shares of NYSE:MA opened at $490.48 on Thursday. The company’s 50-day moving average is $504.57 and its 200 day moving average is $532.45. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $433.38 billion, a P/E ratio of 28.38, a price-to-earnings-growth ratio of 1.56 and a beta of 0.76. Mastercard Incorporated has a fifty-two week low of $480.50 and a fifty-two week high of $601.77.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, topping analysts’ consensus estimates of $4.41 by $0.19. The company had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $8.26 billion. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The firm’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the firm earned $3.73 EPS. On average, equities research analysts forecast that Mastercard Incorporated will post 19.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MA. Susquehanna dropped their price objective on Mastercard from $670.00 to $665.00 and set a “positive” rating on the stock in a research note on Friday, May 1st. Evercore restated a “negative” rating on shares of Mastercard in a research note on Tuesday, March 17th. Bank of America began coverage on Mastercard in a research note on Thursday, March 5th. They set a “buy” rating and a $700.00 price objective on the stock. UBS Group dropped their price objective on Mastercard from $650.00 to $640.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Finally, Morgan Stanley restated an “overweight” rating and set a $679.00 price objective on shares of Mastercard in a research note on Friday, May 1st. Six investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $656.00.

Mastercard Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.