Anderson Financial Strategies LLC Invests $304,000 in Mastercard Incorporated $MA

Key Points

• Anderson Financial Strategies LLC invested approximately $304,000 in Mastercard Incorporated by acquiring 555 shares during the first quarter.
• Mastercard reported a 16.8% increase in quarterly revenue year-over-year, with an EPS of $4.15, surpassing analysts' expectations of $4.05.
• The company declared a quarterly dividend of $0.76, representing an annualized yield of 0.5%. The dividend payout ratio stands at 20.50%.

Anderson Financial Strategies LLC acquired a new position in shares of Mastercard Incorporated (NYSE:MA - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 555 shares of the credit services provider's stock, valued at approximately $304,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Flaharty Asset Management LLC purchased a new stake in Mastercard in the first quarter valued at $27,000. Keystone Global Partners LLC acquired a new position in shares of Mastercard during the 1st quarter worth about $31,000. 10Elms LLP acquired a new position in shares of Mastercard during the 4th quarter worth about $33,000. Hughes Financial Services LLC acquired a new position in shares of Mastercard during the 1st quarter worth about $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Mastercard during the 4th quarter worth about $36,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Mastercard Stock Performance

Shares of MA stock opened at $580.07 on Thursday. The company has a market cap of $524.39 billion, a price-to-earnings ratio of 39.11, a price-to-earnings-growth ratio of 2.40 and a beta of 0.99. The stock has a 50 day simple moving average of $573.86 and a 200-day simple moving average of $558.03. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41.

Mastercard (NYSE:MA - Get Free Report) last announced its earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating 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 firm had revenue of $8.13 billion for the quarter, compared to analysts' expectations of $7.95 billion. During the same quarter in the prior year, the firm earned $3.50 EPS. Mastercard's quarterly revenue was up 16.8% on a year-over-year basis. On average, equities analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Wednesday, July 9th were issued a $0.76 dividend. The ex-dividend date was Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard's dividend payout ratio (DPR) is presently 20.50%.

Insider Transactions at Mastercard

In related news, insider Linda Pistecchia Kirkpatrick sold 959 shares of Mastercard stock in a transaction on Friday, June 13th. The stock was sold at an average price of $572.86, for a total value of $549,372.74. Following the transaction, the insider owned 25,540 shares in the company, valued at approximately $14,630,844.40. This trade represents a 3.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO J. Mehra Sachin sold 17,816 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at $18,330,922.26. This trade represents a 36.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,053 shares of company stock valued at $27,071,234 in the last ninety days. Company insiders own 0.09% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Mastercard in a research report on Thursday, July 17th. They set a "buy" rating and a $650.00 price objective for the company. The Goldman Sachs Group reissued a "buy" rating on shares of Mastercard in a research report on Friday, August 1st. Wall Street Zen raised Mastercard from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. KeyCorp upped their target price on Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, Royal Bank Of Canada upped their target price on Mastercard from $650.00 to $656.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $626.54.

Mastercard 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.

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