Archford Capital Strategies LLC Grows Position in Mastercard Incorporated $MA

Key Points

• Archford Capital Strategies LLC increased its stake in Mastercard Incorporated (NYSE:MA) by 12.5% during the 2nd quarter, bringing their total shares to 9,353 valued at $5.26 million.
• Mastercard recently reported a 16.8% year-over-year revenue growth, with a quarterly revenue totaling $8.13 billion and earnings per share of $4.15, exceeding analyst expectations.
• The company announced a quarterly dividend of $0.76 per share, with the ex-dividend date set on October 9th, representing an annual yield of 0.5%.

Archford Capital Strategies LLC boosted its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 12.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,353 shares of the credit services provider's stock after purchasing an additional 1,042 shares during the period. Archford Capital Strategies LLC's holdings in Mastercard were worth $5,256,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MA. Kingstone Capital Partners Texas LLC acquired a new stake in Mastercard during the 2nd quarter valued at approximately $11,421,213,000. Nuveen LLC acquired a new stake in Mastercard during the 1st quarter valued at approximately $4,238,764,000. Wellington Management Group LLP lifted its stake in Mastercard by 38.6% during the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider's stock valued at $7,413,936,000 after acquiring an additional 3,765,378 shares during the period. Assenagon Asset Management S.A. lifted its stake in Mastercard by 3,493.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 934,110 shares of the credit services provider's stock valued at $524,914,000 after acquiring an additional 908,116 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in Mastercard by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider's stock valued at $11,015,557,000 after acquiring an additional 907,184 shares during the period. Hedge funds and other institutional investors own 97.28% of the company's stock.

Insiders Place Their Bets

In other news, CFO J. Mehra Sachin sold 17,263 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the completion of the sale, the chief financial officer owned 31,234 shares of the company's stock, valued at $18,459,294. This represents a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Julius Genachowski sold 312 shares of the company's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $570.67, for a total transaction of $178,049.04. Following the sale, the director directly owned 8,469 shares of the company's stock, valued at $4,833,004.23. The trade was a 3.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,391 shares of company stock valued at $20,836,514 in the last ninety days. Insiders own 0.09% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on MA. Wells Fargo & Company lifted their price objective on shares of Mastercard from $625.00 to $650.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Wall Street Zen cut shares of Mastercard from a "buy" rating to a "hold" rating in a research note on Friday. Wolfe Research set a $655.00 price objective on shares of Mastercard in a research note on Monday, June 23rd. UBS Group boosted their target price on shares of Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Finally, Truist Financial decreased their target price on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a research note on Thursday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $630.89.

Mastercard Stock Performance

NYSE:MA opened at $565.63 on Monday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The company has a fifty day moving average of $579.00 and a two-hundred day moving average of $560.57. The stock has a market capitalization of $511.34 billion, a PE ratio of 38.14, a P/E/G ratio of 2.32 and a beta of 0.99. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, topping analysts' consensus estimates of $4.05 by $0.10. The company had revenue of $8.13 billion during the quarter, compared to analysts' expectations of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm's revenue for the quarter was up 16.8% on a year-over-year basis. During the same period in the prior year, the business posted $3.50 earnings per share. As a group, research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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

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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