Mastercard Incorporated (NYSE:MA) Position Increased by Cetera Investment Advisers

Key Points

• Cetera Investment Advisers increased its holdings in Mastercard by 9.1% during the first quarter, owning 239,139 shares valued at approximately $131 million.
• Mastercard reported a quarterly EPS of $3.73 and revenue of $7.25 billion, exceeding analysts' expectations and marking a 14.2% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.76, with a payout ratio of 21.32% and an annualized dividend yield of 0.54%.

Cetera Investment Advisers increased its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 9.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 239,139 shares of the credit services provider's stock after purchasing an additional 19,890 shares during the period. Cetera Investment Advisers' holdings in Mastercard were worth $131,077,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MA. Brighton Jones LLC lifted its stake in shares of Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock worth $3,594,000 after acquiring an additional 2,028 shares during the period. Bank Pictet & Cie Europe AG lifted its stake in shares of Mastercard by 11.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider's stock worth $37,108,000 after acquiring an additional 7,452 shares during the period. Mascagni Wealth Management Inc. acquired a new stake in shares of Mastercard in the 4th quarter worth $73,000. Trustco Bank Corp N Y acquired a new stake in shares of Mastercard in the 4th quarter worth $211,000. Finally, Modern Wealth Management LLC lifted its stake in shares of Mastercard by 42.2% in the 4th quarter. Modern Wealth Management LLC now owns 1,751 shares of the credit services provider's stock worth $986,000 after acquiring an additional 520 shares during the period. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Trading Down 0.1%

Mastercard stock traded down $0.32 during trading on Monday, reaching $567.90. The company had a trading volume of 699,004 shares, compared to its average volume of 2,807,591. Mastercard Incorporated has a 12-month low of $435.42 and a 12-month high of $594.71. The stock's 50 day moving average price is $565.61 and its two-hundred day moving average price is $550.38. The firm has a market capitalization of $517.76 billion, a price-to-earnings ratio of 39.80, a PEG ratio of 2.46 and a beta of 1.02. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating analysts' consensus estimates of $3.57 by $0.16. The firm had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. Mastercard's revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the company posted $3.31 earnings per share. As a group, equities analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

Insider Activity

In related news, insider Craig Vosburg sold 14,051 shares of Mastercard stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $585.05, for a total value of $8,220,537.55. Following the completion of the sale, the insider owned 58,451 shares in the company, valued at approximately $34,196,757.55. The trade was a 19.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of Mastercard stock in a transaction on Friday, June 13th. The stock was sold at an average price of $572.86, for a total transaction of $549,372.74. Following the completion of the sale, the insider owned 25,540 shares of the company's stock, valued at approximately $14,630,844.40. This trade represents a 3.62% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 38,753 shares of company stock valued at $20,351,084. 0.09% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MA has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Mastercard in a research note on Thursday, July 17th. They issued a "buy" rating and a $650.00 price objective for the company. Wolfe Research set a $655.00 price objective on shares of Mastercard in a research note on Monday, June 23rd. Monness Crespi & Hardt cut shares of Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. UBS Group raised their price objective 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 dropped their target price on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a report on Thursday, July 17th. Five equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, Mastercard presently has an average rating of "Moderate Buy" and a consensus target price of $612.90.

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.