Leo Wealth LLC Acquires 4,208 Shares of Mastercard Incorporated $MA

Leo Wealth LLC lifted its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 96.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,549 shares of the credit services provider's stock after purchasing an additional 4,208 shares during the period. Leo Wealth LLC's holdings in Mastercard were worth $4,804,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Family Legacy Financial Solutions LLC bought a new position in shares of Mastercard during the second quarter valued at about $26,000. Flaharty Asset Management LLC bought a new position in shares of Mastercard during the first quarter valued at about $27,000. Keystone Global Partners LLC bought a new position in shares of Mastercard during the first quarter valued at about $31,000. Hughes Financial Services LLC bought a new position in shares of Mastercard during the first quarter valued at about $34,000. Finally, 1 North Wealth Services LLC bought a new position in shares of Mastercard during the first quarter valued at about $44,000. 97.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on MA shares. Wolfe Research set a $655.00 price target on shares of Mastercard in a research report on Monday, June 23rd. 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. Robert W. Baird raised their price objective on shares of Mastercard from $640.00 to $660.00 and gave the stock an "outperform" rating in a report on Monday. Wells Fargo & Company raised 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. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Mastercard in a report on Thursday, July 17th. They set a "buy" rating and a $650.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $634.04.

Mastercard Price Performance

MA opened at $576.40 on Thursday. The company has a market capitalization of $521.07 billion, a price-to-earnings ratio of 38.87, a PEG ratio of 2.38 and a beta of 0.97. 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 firm has a 50-day moving average price of $581.11 and a 200-day moving average price of $562.55. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77.

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 the consensus estimate of $4.05 by $0.10. The firm had revenue of $8.13 billion during the quarter, compared to the consensus estimate 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 last year, the company earned $3.50 earnings per share. Equities analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be paid a $0.76 dividend. The ex-dividend date is Thursday, October 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. Mastercard's dividend payout ratio (DPR) is presently 20.50%.

Insider Buying and Selling at Mastercard

In other news, CFO J. Mehra Sachin sold 17,816 shares of Mastercard stock in a transaction dated 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 completion of the transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,330,922.26. This trade represents a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is owned by insiders.

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.

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