Caliber Wealth Management LLC KS Takes $478,000 Position in Mastercard Incorporated (NYSE:MA)

Key Points

• Caliber Wealth Management LLC KS has acquired a new investment in Mastercard Incorporated, purchasing 872 shares valued at approximately $478,000.
• Mastercard reported earnings of $3.73 per share for the last quarter, surpassing estimates and indicating a 14.2% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.76 per share, with an annualized yield of 0.54%, set to be paid on August 8th.

Caliber Wealth Management LLC KS bought a new stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 872 shares of the credit services provider's stock, valued at approximately $478,000.

Several other large investors have also recently modified their holdings of MA. Accredited Investors Inc. lifted its holdings in shares of Mastercard by 2.6% in the 1st quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider's stock worth $394,000 after buying an additional 18 shares during the period. Strategy Asset Managers LLC lifted its holdings in shares of Mastercard by 2.1% in the 4th quarter. Strategy Asset Managers LLC now owns 911 shares of the credit services provider's stock worth $480,000 after buying an additional 19 shares during the period. Phillips Wealth Planners LLC lifted its holdings in shares of Mastercard by 1.8% in the 1st quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider's stock worth $538,000 after buying an additional 19 shares during the period. Alta Wealth Advisors LLC lifted its holdings in shares of Mastercard by 3.6% in the 1st quarter. Alta Wealth Advisors LLC now owns 540 shares of the credit services provider's stock worth $296,000 after buying an additional 19 shares during the period. Finally, May Hill Capital LLC lifted its holdings in shares of Mastercard by 2.0% in the 1st quarter. May Hill Capital LLC now owns 986 shares of the credit services provider's stock worth $540,000 after buying an additional 19 shares during the period. Institutional investors own 97.28% of the company's stock.

Mastercard Price Performance

Shares of NYSE MA traded down $1.10 during midday trading on Wednesday, hitting $562.23. The stock had a trading volume of 994,501 shares, compared to its average volume of 2,804,610. The company has a market capitalization of $512.59 billion, a PE ratio of 39.44, a P/E/G ratio of 2.46 and a beta of 1.02. The stock has a 50 day simple moving average of $564.93 and a 200-day simple moving average of $550.91. Mastercard Incorporated has a 1 year low of $439.59 and a 1 year high of $594.71. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81.

Mastercard (NYSE:MA - Get Free Report) last released its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating the consensus estimate of $3.57 by $0.16. The business had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The business's quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the business posted $3.31 earnings per share. On average, sell-side analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be given a dividend of $0.76 per share. The ex-dividend date is Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.54%. Mastercard's payout ratio is 21.32%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MA shares. Citigroup upped their price objective on Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. Deutsche Bank Aktiengesellschaft started coverage on Mastercard in a research note on Thursday, July 17th. They set a "buy" rating and a $650.00 price objective for the company. KeyCorp increased their price target on Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Finally, Wolfe Research set a $655.00 price target on Mastercard in a research note on Monday, June 23rd. Five investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $612.90.

Insider Buying and Selling

In related news, insider Craig Vosburg sold 14,051 shares of Mastercard stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the transaction, the insider owned 58,451 shares in the company, valued at approximately $34,196,757.55. This trade represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Julius Genachowski sold 312 shares of Mastercard 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 transaction, 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,753 shares of company stock worth $20,351,084. 0.09% of the stock is owned by corporate insiders.

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.