10,000 Shares in Mastercard Incorporated $MA Acquired by TRB Advisors LP

Key Points

• TRB Advisors LP acquired 10,000 shares of Mastercard, valued at approximately $5.62 million, making it the 10th largest holding in their investment portfolio.
• Mastercard announced a quarterly dividend of $0.76, set to be paid on November 7th, with an annualized yield of 0.5%.
• Analysts have a consensus rating of "Buy" for Mastercard, with target prices ranging from $634.04 to $660.00 from various financial institutions.

TRB Advisors LP acquired a new position in shares of Mastercard Incorporated (NYSE:MA - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,000 shares of the credit services provider's stock, valued at approximately $5,619,000. Mastercard makes up approximately 1.3% of TRB Advisors LP's investment portfolio, making the stock its 10th biggest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Family Legacy Financial Solutions LLC acquired a new position in Mastercard in the 2nd quarter valued at approximately $26,000. Flaharty Asset Management LLC acquired a new position in Mastercard in the 1st quarter valued at approximately $27,000. Keystone Global Partners LLC bought a new stake in shares of Mastercard in the 1st quarter valued at $31,000. Hughes Financial Services LLC bought a new stake in shares of Mastercard in the 1st quarter valued at $34,000. Finally, 1 North Wealth Services LLC bought a new stake in shares of Mastercard in the 1st quarter valued at $44,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MA has been the topic of a number of analyst reports. TD Cowen reaffirmed a "buy" rating and issued a $645.00 price objective on shares of Mastercard in a research note on Monday, August 11th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Mastercard in a research note on Friday, August 1st. Royal Bank Of Canada upped their price objective on shares of Mastercard from $650.00 to $656.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. KeyCorp upped their price objective on shares of Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Mastercard in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Mastercard has a consensus rating of "Buy" and a consensus target price of $634.04.

Mastercard Stock Up 2.1%

Shares of NYSE MA opened at $561.42 on Monday. The firm has a market cap of $507.53 billion, a PE ratio of 37.86, a P/E/G ratio of 2.30 and a beta of 0.97. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The company's fifty day simple moving average is $580.22 and its 200 day simple moving average is $563.50. 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 - Get Free Report) last issued its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.10. The business had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. Mastercard's revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the firm earned $3.50 earnings per share. As a group, sell-side analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

Insider Buying and Selling at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the firm's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total value of $10,456,032.24. Following the transaction, the chief financial officer directly owned 31,234 shares of the company's stock, valued at approximately $18,330,922.26. This trade represents a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company 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.

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