Campbell Newman Asset Management Inc. Reduces Position in Mastercard Incorporated $MA

Key Points

• Campbell Newman Asset Management Inc. has decreased its holdings in Mastercard by 3.5%, selling 2,758 shares, which now represents approximately 3.5% of their total portfolio.
• Equities analysts generally have a positive outlook on Mastercard, with several firms such as Deutsche Bank and TD Cowen assigning "buy" ratings and high price targets ranging from $612 to $650.
• Mastercard recently reported a quarterly earnings increase, with earnings per share of $4.15, surpassing analysts' estimates, and announced a quarterly dividend of $0.76 to be paid on November 7th.

Campbell Newman Asset Management Inc. reduced its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 3.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 77,083 shares of the credit services provider's stock after selling 2,758 shares during the period. Mastercard accounts for approximately 3.5% of Campbell Newman Asset Management Inc.'s holdings, making the stock its 7th biggest position. Campbell Newman Asset Management Inc.'s holdings in Mastercard were worth $43,316,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several equities analysts recently commented on MA shares. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Mastercard in a research note on Thursday, July 17th. They set a "buy" rating and a $650.00 target price for the company. TD Cowen reaffirmed a "buy" rating and set a $645.00 price objective on shares of Mastercard in a research report on Monday, August 11th. The Goldman Sachs Group reissued a "buy" rating on shares of Mastercard in a research report on Friday, August 1st. Truist Financial lowered their price target 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, Wall Street Zen downgraded Mastercard from a "buy" rating to a "hold" rating in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $630.89.

Insider Activity

In related news, Director Julius Genachowski sold 312 shares of the stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $570.67, for a total transaction of $178,049.04. Following the completion of the sale, the director owned 8,469 shares in the company, valued at $4,833,004.23. This trade represents a 3.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction dated 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 transaction, the chief financial officer directly 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 35,391 shares of company stock worth $20,836,514. 0.09% of the stock is owned by insiders.

Mastercard Stock Up 0.5%

Shares of MA opened at $568.04 on Tuesday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The company has a 50-day moving average price of $579.27 and a two-hundred day moving average price of $560.85. The stock has a market cap of $513.51 billion, a price-to-earnings ratio of 38.30, a P/E/G ratio of 2.32 and a beta of 0.99. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77.

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

Mastercard Announces Dividend

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

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.

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