Earned Wealth Advisors LLC Has $754,000 Stake in Mastercard Incorporated (NYSE:MA)

Key Points

• Earned Wealth Advisors LLC increased its stake in Mastercard by 111.5% to a total of 1,375 shares valued at $754,000 as of the end of the most recent quarter.
• Mastercard's recent quarterly earnings reported an EPS of $4.15, exceeding analysts' expectations, with revenue of $8.13 billion, a 16.8% increase year-over-year.
• The company also announced a quarterly dividend of $0.76 per share, reflecting a 0.5% dividend yield and a payout ratio of 21.32%.

Earned Wealth Advisors LLC boosted its position in Mastercard Incorporated (NYSE:MA - Free Report) by 111.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,375 shares of the credit services provider's stock after buying an additional 725 shares during the period. Earned Wealth Advisors LLC's holdings in Mastercard were worth $754,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Whalerock Point Partners LLC increased its stake in Mastercard by 1.3% in the fourth quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock valued at $7,729,000 after purchasing an additional 185 shares in the last quarter. Fortis Advisors LLC increased its stake in Mastercard by 9.4% in the first quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider's stock valued at $477,000 after purchasing an additional 75 shares in the last quarter. Canandaigua National Trust Co of Florida increased its stake in Mastercard by 36.4% in the first quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider's stock valued at $380,000 after purchasing an additional 185 shares in the last quarter. Kingswood Wealth Advisors LLC increased its stake in Mastercard by 18.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 6,870 shares of the credit services provider's stock valued at $3,766,000 after purchasing an additional 1,047 shares in the last quarter. Finally, Baldwin Investment Management LLC increased its position in shares of Mastercard by 5.7% during the fourth quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider's stock worth $911,000 after acquiring an additional 93 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Stock Performance

Shares of MA stock opened at $559.73 on Friday. The stock has a market capitalization of $510.31 billion, a P/E ratio of 37.74, a PEG ratio of 2.43 and a beta of 1.03. The company has a current ratio of 1.16, a quick ratio of 1.11 and a debt-to-equity ratio of 2.41. The firm's 50 day moving average is $564.58 and its 200 day moving average is $551.95. Mastercard Incorporated has a 12 month low of $439.59 and a 12 month high of $594.71.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating analysts' consensus estimates of $4.05 by $0.10. The company had revenue of $8.13 billion for the quarter, compared to analysts' expectations of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. Mastercard'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. On average, sell-side analysts anticipate 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, August 8th. Investors of record on Wednesday, July 9th will be paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Wednesday, July 9th. Mastercard's dividend payout ratio is presently 21.32%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MA shares. Macquarie decreased their target price on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. KeyCorp boosted their target price on shares of Mastercard from $635.00 to $660.00 and gave the stock an "overweight" rating in a research report on Friday. The Goldman Sachs Group reissued a "buy" rating on shares of Mastercard in a research report on Friday. Jefferies Financial Group reissued a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Mastercard in a research report on Thursday, July 17th. They set a "buy" rating and a $650.00 target price for the company. Five equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $615.33.

Insider Buying and Selling at Mastercard

In related news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the company's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $560.00, for a total transaction of $536,480.00. Following the sale, the insider owned 23,624 shares of the company's stock, valued at approximately $13,229,440. This represents a 3.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Craig Vosburg sold 9,428 shares of the company's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the sale, the insider directly owned 58,451 shares in the company, valued at $20,636,125.55. This trade represents a 13.89% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,753 shares of company stock valued at $20,351,084. 0.09% of the stock is owned by corporate insiders.

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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