Collective Family Office LLC Sells 451 Shares of Mastercard Incorporated $MA

Key Points

• Collective Family Office LLC reduced its holdings in Mastercard by 20.2%, now owning 1,779 shares worth around $1,000,000 after selling 451 shares in the second quarter.
• Mastercard reported better-than-expected quarterly earnings with an EPS of $4.15, surpassing analysts' expectations, and revenue of $8.13 billion, up 16.8% year-over-year.
• The company's recent dividend was $0.76 per share, with a payout ratio of 20.50%, emphasizing its stable return to shareholders.

Collective Family Office LLC lessened its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 20.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,779 shares of the credit services provider's stock after selling 451 shares during the period. Collective Family Office LLC's holdings in Mastercard were worth $1,000,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. McLean Asset Management Corp grew its position in Mastercard by 5.2% in the second quarter. McLean Asset Management Corp now owns 1,881 shares of the credit services provider's stock valued at $1,056,000 after acquiring an additional 93 shares during the last quarter. Trust Co of the South boosted its stake in shares of Mastercard by 3.0% during the second quarter. Trust Co of the South now owns 846 shares of the credit services provider's stock valued at $475,000 after purchasing an additional 25 shares in the last quarter. HBW Advisory Services LLC acquired a new stake in shares of Mastercard during the second quarter valued at about $1,988,000. Park National Corp OH boosted its stake in shares of Mastercard by 2.0% during the second quarter. Park National Corp OH now owns 1,073 shares of the credit services provider's stock valued at $603,000 after purchasing an additional 21 shares in the last quarter. Finally, Private Client Services LLC boosted its stake in shares of Mastercard by 4.7% during the second quarter. Private Client Services LLC now owns 908 shares of the credit services provider's stock valued at $510,000 after purchasing an additional 41 shares in the last quarter. Institutional investors own 97.28% of the company's stock.

Insider Activity

In related news, Director Julius Genachowski sold 312 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $570.67, for a total transaction of $178,049.04. Following the transaction, the director directly owned 8,469 shares in the company, valued at $4,833,004.23. This trade represents a 3.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Craig Vosburg sold 9,428 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $353.05, for a total value of $3,328,555.40. Following the completion of the sale, the insider owned 58,451 shares of the company's stock, valued at approximately $20,636,125.55. This trade represents a 13.89% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 49,094 shares of company stock worth $26,521,861. 0.09% of the stock is currently owned by insiders.

Mastercard Stock Down 1.4%

Shares of NYSE MA opened at $580.75 on Friday. The business's fifty day moving average price is $574.60 and its 200-day moving average price is $558.35. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The stock has a market capitalization of $525.00 billion, a PE ratio of 39.16, a P/E/G ratio of 2.41 and a beta of 0.99. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16.

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

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th were given a dividend of $0.76 per share. The ex-dividend date was Wednesday, July 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. Mastercard's dividend payout ratio is 20.50%.

Analyst Ratings Changes

A number of analysts have recently commented on MA shares. Royal Bank Of Canada lifted their price target on Mastercard from $650.00 to $656.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Jefferies Financial Group reaffirmed a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. Seaport Res Ptn raised Mastercard from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 14th. Wall Street Zen raised Mastercard from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Mastercard in a research note on Thursday, July 17th. They issued a "buy" rating and a $650.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $626.54.

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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