Evermay Wealth Management LLC Purchases 450 Shares of Mastercard Incorporated (NYSE:MA)

Key Points

• Evermay Wealth Management LLC increased its stake in Mastercard by 35.2%, now holding 1,729 shares valued at approximately $948,000.
• Mastercard's quarterly earnings surpassed estimates with an EPS of $3.73, exceeding the consensus of $3.57, and its revenue rose by 14.2% year-over-year.
• Insider transactions included the sale of 14,051 shares by Craig Vosburg for over $8 million, indicating a 19.38% decrease in ownership.

Evermay Wealth Management LLC grew its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 35.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,729 shares of the credit services provider's stock after purchasing an additional 450 shares during the period. Evermay Wealth Management LLC's holdings in Mastercard were worth $948,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. New Republic Capital LLC lifted its stake in Mastercard by 11.2% in the 1st quarter. New Republic Capital LLC now owns 1,681 shares of the credit services provider's stock worth $921,000 after acquiring an additional 169 shares in the last quarter. Foundations Investment Advisors LLC increased its position in Mastercard by 6.2% in the 1st quarter. Foundations Investment Advisors LLC now owns 32,484 shares of the credit services provider's stock worth $17,805,000 after purchasing an additional 1,891 shares during the last quarter. Maridea Wealth Management LLC increased its position in Mastercard by 10.1% in the 1st quarter. Maridea Wealth Management LLC now owns 1,124 shares of the credit services provider's stock worth $616,000 after purchasing an additional 103 shares during the last quarter. Purkiss Capital Advisors LLC increased its position in Mastercard by 23.6% in the 1st quarter. Purkiss Capital Advisors LLC now owns 1,677 shares of the credit services provider's stock worth $919,000 after purchasing an additional 320 shares during the last quarter. Finally, Baldwin Investment Management LLC increased its position in Mastercard by 144.8% in the 1st quarter. Baldwin Investment Management LLC now owns 4,238 shares of the credit services provider's stock worth $2,323,000 after purchasing an additional 2,507 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Mastercard news, insider Craig Vosburg sold 9,428 shares of the business's stock in a transaction dated 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 transaction, the insider directly owned 58,451 shares of the company's stock, valued at approximately $20,636,125.55. The trade was a 13.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of the business's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $560.00, for a total value of $536,480.00. Following the completion of the transaction, the insider directly owned 23,624 shares of the company's stock, valued at approximately $13,229,440. The trade was a 3.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,753 shares of company stock valued at $20,351,084 in the last three months. 0.09% of the stock is currently owned by company insiders.

Mastercard Trading Up 2.7%

Shares of MA stock traded up $15.17 on Thursday, reaching $574.28. 2,348,771 shares of the stock were exchanged, compared to its average volume of 2,814,134. The stock has a market cap of $523.57 billion, a PE ratio of 40.28, a P/E/G ratio of 2.44 and a beta of 1.02. Mastercard Incorporated has a one year low of $439.59 and a one year high of $594.71. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a 50 day moving average price of $564.74 and a 200 day moving average price of $550.97.

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. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. During the same quarter in the prior year, the company earned $3.50 earnings per share. The company's quarterly revenue was up 16.8% on a year-over-year basis. Equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed 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. 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 0.53%. Mastercard's dividend payout ratio (DPR) is presently 21.32%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on MA shares. UBS Group upped their target price on Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Seaport Res Ptn raised Mastercard from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 14th. Wall Street Zen raised Mastercard from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Monness Crespi & Hardt lowered Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. Finally, Wolfe Research set a $655.00 price objective on Mastercard in a report on Monday, June 23rd. Five equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Mastercard presently has an average rating of "Moderate Buy" and a consensus target price of $612.90.

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.