Foundations Investment Advisors LLC Grows Stock Holdings in Mastercard Incorporated (NYSE:MA)

Key Points

• Foundations Investment Advisors LLC increased its stake in Mastercard by 6.2%, acquiring an additional 1,891 shares in the first quarter, bringing its total holdings to 32,484 shares valued at approximately $17.8 million.
• Mastercard's recent quarterly earnings showed an EPS of $3.73, exceeding analysts' expectations by $0.16, with revenues of $7.25 billion—up 14.2% year-over-year.
• The company announced a quarterly dividend of $0.76 per share, with an ex-dividend date of July 9, resulting in an annualized dividend yield of 0.54%.

Foundations Investment Advisors LLC grew its position in Mastercard Incorporated (NYSE:MA - Free Report) by 6.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,484 shares of the credit services provider's stock after purchasing an additional 1,891 shares during the quarter. Foundations Investment Advisors LLC's holdings in Mastercard were worth $17,805,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MA. Measured Risk Portfolios Inc. acquired a new position in shares of Mastercard during the fourth quarter worth $31,000. Navigoe LLC acquired a new position in shares of Mastercard during the fourth quarter worth $33,000. 10Elms LLP acquired a new stake in Mastercard in the fourth quarter valued at $33,000. Hughes Financial Services LLC acquired a new stake in Mastercard in the first quarter valued at $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Mastercard in the fourth quarter valued at $36,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Insider Activity at Mastercard

In related news, insider Craig Vosburg sold 9,428 shares of Mastercard stock in a transaction that occurred on Friday, June 20th. The shares were 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 in the company, valued at approximately $20,636,125.55. The trade was a 13.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of Mastercard 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 completion of the transaction, the insider owned 23,624 shares of the company's stock, valued at $13,229,440. This represents a 3.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,753 shares of company stock worth $20,351,084. Company insiders own 0.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MA shares. Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a report on Friday, June 6th. Truist Financial decreased 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. Monness Crespi & Hardt downgraded Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. Macquarie decreased their price target on Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Finally, KeyCorp increased their price target on Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Five investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $612.90.

Mastercard Stock Performance

Shares of NYSE:MA traded up $15.35 during mid-day trading on Thursday, reaching $574.46. The company had a trading volume of 2,204,919 shares, compared to its average volume of 2,813,189. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81. The firm has a market cap of $523.74 billion, a price-to-earnings ratio of 40.38, a PEG ratio of 2.44 and a beta of 1.02. The company's 50-day moving average price is $564.74 and its 200-day moving average price is $550.97. Mastercard Incorporated has a one year low of $439.59 and a one year high of $594.71.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping analysts' consensus estimates of $4.05 by $0.10. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. Mastercard's revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the firm posted $3.50 EPS. As a group, equities research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be issued a $0.76 dividend. 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%.

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.