Fiduciary Family Office LLC Makes New $1.28 Million Investment in Mastercard Incorporated (NYSE:MA)

Key Points

• Fiduciary Family Office LLC has made a significant investment in Mastercard, acquiring 2,327 shares worth approximately $1.28 million in the first quarter of the year.
• Mastercard's stock recently reported a 2.4% increase and has a market capitalization of $523.70 billion, with a 1-year price range between $453.46 and $594.71.
• In its latest quarterly earnings report, Mastercard exceeded expectations with an EPS of $4.15 and reported revenue of $8.13 billion, marking a 16.8% increase year-over-year.

Fiduciary Family Office LLC bought a new stake in Mastercard Incorporated (NYSE:MA - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,327 shares of the credit services provider's stock, valued at approximately $1,275,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MA. Whalerock Point Partners LLC lifted its stake in Mastercard by 1.3% during 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 buying an additional 185 shares in the last quarter. Fortis Advisors LLC raised its position in Mastercard by 9.4% during the first quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider's stock valued at $477,000 after acquiring an additional 75 shares in the last quarter. Canandaigua National Trust Co of Florida raised its position in Mastercard by 36.4% during 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 acquiring an additional 185 shares in the last quarter. Kingswood Wealth Advisors LLC raised its position in shares of 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 during the period. Finally, Baldwin Investment Management LLC raised its position in shares of Mastercard by 5.7% in the fourth quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider's stock valued at $911,000 after purchasing an additional 93 shares during the period. Institutional investors own 97.28% of the company's stock.

Insider Buying and Selling

In other news, insider Craig Vosburg sold 9,428 shares of the firm's stock in a transaction 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Julius Genachowski sold 312 shares of the firm's stock in a transaction on Monday, July 7th. The stock was 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 approximately $4,833,004.23. This represents a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,453 shares of company stock worth $20,178,667 in the last three months. Company insiders own 0.09% of the company's stock.

Mastercard Price Performance

Mastercard stock traded up $0.29 during midday trading on Tuesday, reaching $573.88. 2,593,766 shares of the stock traded hands, compared to its average volume of 2,825,981. The stock has a market cap of $518.80 billion, a P/E ratio of 38.70, a PEG ratio of 2.36 and a beta of 1.03. Mastercard Incorporated has a 12 month low of $454.89 and a 12 month high of $594.71. The stock's fifty day moving average is $563.76 and its 200-day moving average is $553.84. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $8.13 billion during 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 business's quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter last year, the firm earned $3.50 EPS. As a group, equities research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Wednesday, July 9th were issued 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 was Wednesday, July 9th. Mastercard's dividend payout ratio (DPR) is currently 20.50%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Wolfe Research set a $655.00 price objective on shares of Mastercard in a research note on Monday, June 23rd. KeyCorp increased 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, August 1st. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Mastercard in a report on Friday, August 1st. 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 report on Friday, August 1st. Finally, Truist Financial dropped their price objective on Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a report on Thursday, July 17th. Five research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $615.33.

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.