Fortis Capital Advisors LLC Has $1.58 Million Position in Mastercard Incorporated $MA

Key Points

• Fortis Capital Advisors LLC reduced its stake in Mastercard by 27.2% during Q1, now holding shares worth $1.58 million.
• Mastercard recently reported Q2 earnings of $4.15 EPS, beating estimates, with a revenue of $8.13 billion, up 16.8% year-over-year.
• Institutional investors own 97.28% of Mastercard stock, indicating strong institutional confidence in the company.

Fortis Capital Advisors LLC lowered its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 27.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,882 shares of the credit services provider's stock after selling 1,075 shares during the period. Fortis Capital Advisors LLC's holdings in Mastercard were worth $1,580,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in MA. GAMMA Investing LLC lifted its holdings in Mastercard by 65,631.5% during the first quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider's stock worth $4,508,636,000 after acquiring an additional 8,213,123 shares in the last quarter. Nuveen LLC bought a new position in shares of Mastercard during the 1st quarter worth approximately $4,238,764,000. Wellington Management Group LLP increased its stake in Mastercard by 38.6% in the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider's stock valued at $7,413,936,000 after buying an additional 3,765,378 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Mastercard in the fourth quarter valued at about $561,313,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Mastercard by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider's stock worth $11,015,557,000 after purchasing an additional 907,184 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on MA shares. Seaport Res Ptn raised shares of Mastercard from a "hold" rating to a "strong-buy" rating in a report on Monday, July 14th. Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Royal Bank Of Canada lifted their price target on shares of Mastercard from $650.00 to $656.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. TD Cowen reaffirmed a "buy" rating and issued a $645.00 price target on shares of Mastercard in a research note on Monday, August 11th. Finally, Truist Financial lowered their price objective on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a research report on Thursday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Mastercard currently has an average rating of "Moderate Buy" and an average price target of $626.54.

Mastercard Trading Down 0.3%

MA opened at $584.59 on Wednesday. The company has a fifty day moving average of $573.50 and a 200-day moving average of $557.87. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. 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 stock has a market cap of $528.48 billion, a PE ratio of 39.42, a price-to-earnings-growth ratio of 2.41 and a beta of 0.99.

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. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. During the same period in the previous year, the business earned $3.50 EPS. The firm's revenue was up 16.8% compared to the same quarter last year. On average, sell-side analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

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

Insider Buying and Selling at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the firm's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total value of $10,456,032.24. Following the transaction, the chief financial officer directly owned 31,234 shares of the company's stock, valued at approximately $18,330,922.26. This trade represents a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Raj Seshadri sold 1,100 shares of the firm's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $546.77, for a total transaction of $601,447.00. Following the completion of the transaction, the insider directly owned 12,921 shares in the company, valued at approximately $7,064,815.17. The trade was a 7.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold 59,481 shares of company stock worth $32,616,595 in the last quarter. Company insiders own 0.09% of the company's stock.

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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