Ballentine Partners LLC Purchases 2,842 Shares of Mastercard Incorporated $MA

Key Points

• Ballentine Partners LLC increased its stake in Mastercard by 13.6% during the second quarter, acquiring an additional 2,842 shares, bringing their total holdings to 23,719 shares valued at approximately $13.3 million.
• Mastercard reported earnings of $4.15 per share for the last quarter, surpassing analyst estimates and achieving a revenue of $8.13 billion, which is a 16.8% increase year-over-year.
• The company announced a quarterly dividend of $0.76 per share, set to be paid on November 7th, representing an annualized dividend of $3.04 and a yield of 0.5%.

Ballentine Partners LLC lifted its position in Mastercard Incorporated (NYSE:MA - Free Report) by 13.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,719 shares of the credit services provider's stock after purchasing an additional 2,842 shares during the quarter. Ballentine Partners LLC's holdings in Mastercard were worth $13,328,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. BCS Wealth Management increased its stake in Mastercard by 18.0% during the second quarter. BCS Wealth Management now owns 965 shares of the credit services provider's stock worth $542,000 after acquiring an additional 147 shares during the last quarter. Norden Group LLC increased its stake in Mastercard by 0.5% during the second quarter. Norden Group LLC now owns 14,167 shares of the credit services provider's stock worth $7,962,000 after acquiring an additional 74 shares during the last quarter. Maseco LLP bought a new stake in Mastercard during the second quarter worth approximately $575,000. Fifth Third Bancorp increased its stake in Mastercard by 0.3% during the second quarter. Fifth Third Bancorp now owns 702,429 shares of the credit services provider's stock worth $394,723,000 after acquiring an additional 1,832 shares during the last quarter. Finally, Sheets Smith Wealth Management increased its stake in Mastercard by 41.3% during the second quarter. Sheets Smith Wealth Management now owns 3,238 shares of the credit services provider's stock worth $1,820,000 after acquiring an additional 947 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Mastercard Trading Down 2.6%

MA opened at $569.51 on Wednesday. The stock has a market cap of $514.84 billion, a price-to-earnings ratio of 38.40, a P/E/G ratio of 2.40 and a beta of 0.99. The stock's 50 day moving average price is $578.24 and its 200-day moving average price is $559.49. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16.

Mastercard (NYSE:MA - Get Free Report) last released 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. The firm had revenue of $8.13 billion for the quarter, compared to analysts' expectations of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company's quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.50 earnings per share. On average, equities analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MA. Wall Street Zen raised Mastercard from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Morgan Stanley boosted their price objective on Mastercard from $639.00 to $661.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. KeyCorp boosted their price objective on Mastercard from $635.00 to $660.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Truist Financial reduced their price objective on Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a research note on Thursday, July 17th. Finally, Seaport Res Ptn raised Mastercard from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $630.89.

Insider Transactions at Mastercard

In related news, Director Julius Genachowski sold 312 shares of the business's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the sale, the director owned 8,469 shares in the company, valued at approximately $4,833,004.23. The trade was a 3.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Raj Seshadri sold 1,100 shares of the business's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $546.77, for a total value of $601,447.00. Following the completion of the sale, the insider owned 12,921 shares of the company's stock, valued at $7,064,815.17. The trade was a 7.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,449 shares of company stock worth $21,974,441 over the last three months. Company insiders own 0.09% of the company's stock.

Mastercard Company 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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