Callan Family Office LLC Acquires 21,926 Shares of Mastercard Incorporated $MA

Key Points

• Callan Family Office LLC has increased its stake in Mastercard by 166.6%, acquiring an additional 21,926 shares during the 2nd quarter, bringing its total ownership to 35,089 shares.
• Mastercard's latest earnings report beat expectations with $4.15 earnings per share and $8.13 billion in revenue, a 16.8% increase from the previous year.
• The company declared a quarterly dividend of $0.76 per share, with an annualized yield of 0.5%, scheduled for payment on November 7th.

Callan Family Office LLC boosted its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 166.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,089 shares of the credit services provider's stock after acquiring an additional 21,926 shares during the quarter. Mastercard accounts for approximately 0.6% of Callan Family Office LLC's holdings, making the stock its 24th largest position. Callan Family Office LLC's holdings in Mastercard were worth $19,718,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Royal Bank Of Canada increased their price target on Mastercard from $650.00 to $656.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Morgan Stanley increased their price target on Mastercard from $639.00 to $661.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Seaport Res Ptn raised Mastercard from a "hold" rating to a "strong-buy" rating in a report on Monday, July 14th. KeyCorp increased their price target on Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Mastercard in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $634.04.

Mastercard Trading Down 2.2%

Shares of MA stock opened at $563.77 on Friday. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week 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. The firm has a market capitalization of $509.65 billion, a PE ratio of 38.02, a PEG ratio of 2.36 and a beta of 0.97. The stock has a fifty day simple moving average of $581.06 and a two-hundred day simple moving average of $562.68.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping 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 business had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. During the same quarter in the prior year, the business posted $3.50 EPS. Mastercard's revenue for the quarter was up 16.8% compared to the same quarter last year. On average, analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared 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 yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard's dividend payout ratio is presently 20.50%.

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total value of $10,202,433.00. Following the completion of the sale, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,459,294. This represents a 35.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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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