HBW Advisory Services LLC Makes New Investment in Mastercard Incorporated $MA

Key Points

• HBW Advisory Services LLC has acquired a new position in Mastercard, purchasing 3,538 shares, valued at approximately $1,988,000.
• Mastercard's stock is currently rated as a "Moderate Buy" with an average price target of $626.54 according to analysts.
• The company reported earnings of $4.15 per share for the latest quarter, exceeding estimates and demonstrating a 16.8% year-over-year revenue growth.

HBW Advisory Services LLC acquired a new position in shares of Mastercard Incorporated (NYSE:MA - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,538 shares of the credit services provider's stock, valued at approximately $1,988,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Flaharty Asset Management LLC acquired a new stake in shares of Mastercard in the first quarter valued at approximately $27,000. Keystone Global Partners LLC acquired a new stake in shares of Mastercard in the first quarter valued at approximately $31,000. 10Elms LLP acquired a new stake in shares of Mastercard in the fourth quarter valued at approximately $33,000. Hughes Financial Services LLC acquired a new stake in shares of Mastercard in the first quarter valued at approximately $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Mastercard in the fourth quarter valued at approximately $36,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MA. The Goldman Sachs Group reiterated a "buy" rating on shares of Mastercard in a research report on Friday, August 1st. Wolfe Research set a $655.00 price target on shares of Mastercard in a research report on Monday, June 23rd. TD Cowen restated a "buy" rating and set a $645.00 price objective on shares of Mastercard in a research report on Monday, August 11th. Wells Fargo & Company boosted their price objective on shares of Mastercard from $625.00 to $650.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $626.54.

Insider Activity

In other Mastercard news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the business's stock in a transaction 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 sale, the insider 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Craig Vosburg sold 9,428 shares of the business'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 sale, 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 49,094 shares of company stock valued at $26,521,861. 0.09% of the stock is currently owned by insiders.

Mastercard Stock Down 1.4%

Shares of MA opened at $580.75 on Friday. The firm has a 50 day simple moving average of $574.60 and a two-hundred day simple moving average of $558.35. The company has a market cap of $525.00 billion, a P/E ratio of 39.16, a P/E/G ratio of 2.41 and a beta of 0.99. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16.

Mastercard (NYSE:MA - Get Free Report) last posted 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. The firm had revenue of $8.13 billion for the quarter, compared to analysts' expectations of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company's revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.50 earnings per share. Research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

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

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.

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