Focus Partners Wealth Purchases 3,001 Shares of Mastercard Incorporated $MA

Key Points

• Focus Partners Wealth increased its stake in Mastercard by 0.5%, holding 607,702 shares worth approximately $333 million, making it the firm's 23rd largest position.
• Mastercard's latest quarterly earnings reported an EPS of $4.15 and revenue of $8.13 billion, both exceeding analysts' expectations.
• Insider trading activity revealed that executives sold a total of 59,481 shares amounting to $32.6 million in the last 90 days.

Focus Partners Wealth raised its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 0.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 607,702 shares of the credit services provider's stock after acquiring an additional 3,001 shares during the quarter. Mastercard makes up approximately 0.8% of Focus Partners Wealth's holdings, making the stock its 23rd largest position. Focus Partners Wealth owned 0.07% of Mastercard worth $333,095,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MA. Ethos Financial Group LLC lifted its holdings in shares of Mastercard by 19.5% during the first quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider's stock valued at $1,683,000 after purchasing an additional 518 shares during the last quarter. Fortis Advisors LLC lifted its holdings in shares of 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 purchasing an additional 75 shares during the last quarter. Canandaigua National Trust Co of Florida lifted its holdings in shares of 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 purchasing an additional 185 shares during the last quarter. Kingswood Wealth Advisors LLC lifted its holdings in shares of Mastercard by 18.0% during 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 last quarter. Finally, Kornitzer Capital Management Inc. KS lifted its holdings in shares of Mastercard by 2.8% during the first quarter. Kornitzer Capital Management Inc. KS now owns 22,640 shares of the credit services provider's stock valued at $12,409,000 after purchasing an additional 612 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO J. Mehra Sachin sold 17,263 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the completion of the sale, the chief financial officer owned 31,234 shares of the company's stock, valued at $18,459,294. The trade was a 35.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Craig Vosburg sold 9,428 shares of the business's stock in a transaction on Friday, June 20th. The shares were 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 of the company's stock, valued at approximately $20,636,125.55. The trade was a 13.89% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,094 shares of company stock worth $26,521,861. Company insiders own 0.09% of the company's stock.

Mastercard Stock Performance

MA traded down $7.98 during mid-day trading on Friday, reaching $580.75. 2,242,737 shares of the company traded hands, compared to its average volume of 2,763,323. The stock has a market capitalization of $525.00 billion, a P/E ratio of 39.16, a P/E/G ratio of 2.37 and a beta of 0.99. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The company's fifty day moving average price is $574.32 and its 200-day moving average price is $558.24. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77.

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

Mastercard Dividend Announcement

The firm 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 of this dividend was Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. Mastercard's payout ratio is presently 20.50%.

Analysts Set New Price Targets

Several research firms have recently issued reports on MA. Morgan Stanley lifted their target price on shares of Mastercard from $639.00 to $661.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Truist Financial decreased their price objective on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a report on Thursday, July 17th. Wells Fargo & Company boosted their price objective on shares of Mastercard from $625.00 to $650.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a report on Friday, June 6th. Finally, Royal Bank Of Canada boosted their price objective on shares of Mastercard from $650.00 to $656.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $626.54.

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.