CMH Wealth Management LLC Has $7 Million Stock Position in Mastercard Incorporated $MA

Key Points

• CMH Wealth Management LLC reduced its stake in Mastercard by 18.6%, now holding 12,453 shares valued at approximately $6.998 million as of its latest SEC filing.
• Several institutional investors have increased their positions in Mastercard, with 97.28% of the stock currently owned by institutional investors and hedge funds.
• Mastercard announced a quarterly dividend of $0.76 per share, which will be paid on November 7th, and has a current annualized yield of 0.5%.

CMH Wealth Management LLC lowered its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 18.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,453 shares of the credit services provider's stock after selling 2,844 shares during the period. CMH Wealth Management LLC's holdings in Mastercard were worth $6,998,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Pinnacle Bancorp Inc. boosted its stake in shares of Mastercard by 3.1% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 858 shares of the credit services provider's stock worth $482,000 after acquiring an additional 26 shares in the last quarter. Global X Japan Co. Ltd. raised its holdings in Mastercard by 150.0% during the 2nd quarter. Global X Japan Co. Ltd. now owns 245 shares of the credit services provider's stock worth $138,000 after buying an additional 147 shares during the period. My Legacy Advisors LLC boosted its holdings in shares of Mastercard by 2.7% in the second quarter. My Legacy Advisors LLC now owns 4,398 shares of the credit services provider's stock worth $2,478,000 after buying an additional 115 shares during the period. AA Financial Advisors LLC lifted its position in shares of Mastercard by 60.2% in the 2nd quarter. AA Financial Advisors LLC now owns 1,322 shares of the credit services provider's stock valued at $743,000 after acquiring an additional 497 shares in the last quarter. Finally, Thomasville National Bank purchased a new position in Mastercard during the 2nd quarter worth approximately $233,000. 97.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on MA shares. The Goldman Sachs Group restated a "buy" rating on shares of Mastercard in a report on Friday, August 1st. Wells Fargo & Company boosted their price objective on shares of Mastercard from $625.00 to $650.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Morgan Stanley increased their price objective on shares of Mastercard from $639.00 to $661.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Truist Financial dropped their target price on Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a report on Thursday, July 17th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Mastercard in a report on Thursday, July 17th. They issued a "buy" rating and a $650.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, Mastercard currently has a consensus rating of "Buy" and an average target price of $630.89.

Insider Activity

In other Mastercard news, Director Julius Genachowski sold 312 shares of the company's stock in a transaction dated Monday, July 7th. The shares were 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 of the company's stock, valued at $4,833,004.23. This represents a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Raj Seshadri sold 1,100 shares of Mastercard stock in a transaction on Friday, June 27th. The stock was sold at an average price of $546.77, for a total transaction of $601,447.00. Following the sale, the insider directly owned 12,921 shares of the company's stock, valued at approximately $7,064,815.17. This trade represents a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,717 shares of company stock valued at $22,684,831 over the last three months. 0.09% of the stock is currently owned by company insiders.

Mastercard Stock Performance

Shares of NYSE MA traded up $0.48 during midday trading on Monday, hitting $584.64. 3,241,576 shares of the company's stock traded hands, compared to its average volume of 2,787,674. The firm has a fifty day moving average of $577.23 and a 200 day moving average of $559.16. The stock has a market capitalization of $528.52 billion, a price-to-earnings ratio of 39.42, a price-to-earnings-growth ratio of 2.39 and a beta of 0.99. Mastercard Incorporated has a 1 year low of $465.59 and a 1 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 earnings per share for the quarter, topping analysts' consensus estimates of $4.05 by $0.10. The business 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 business's revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the firm posted $3.50 earnings per share. On average, analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently declared 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 of this dividend is Thursday, October 9th. Mastercard's dividend payout ratio (DPR) is currently 20.50%.

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.