Leo Wealth LLC Has $2.38 Million Position in Mastercard Incorporated (NYSE:MA)

Leo Wealth LLC decreased its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 47.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,341 shares of the credit services provider's stock after selling 3,944 shares during the period. Leo Wealth LLC's holdings in Mastercard were worth $2,379,000 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. Measured Risk Portfolios Inc. bought a new position in Mastercard in the fourth quarter worth approximately $31,000. Navigoe LLC bought a new position in shares of Mastercard in the fourth quarter valued at approximately $33,000. 10Elms LLP bought a new stake in Mastercard during the fourth quarter worth $33,000. Hughes Financial Services LLC bought a new stake in Mastercard during the first quarter worth $34,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in Mastercard during the fourth quarter worth $36,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Insider Activity

In other Mastercard news, Director Julius Genachowski sold 312 shares of the business's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the transaction, the director directly owned 8,469 shares of the company's stock, valued at approximately $4,833,004.23. The trade was a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of the stock in a transaction on Monday, June 30th. The stock was sold at an average price of $560.00, for a total transaction of $536,480.00. Following the sale, the insider directly owned 23,624 shares of the company's stock, valued at $13,229,440. This represents a 3.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,753 shares of company stock worth $20,351,084 over the last three months. Company insiders own 0.09% of the company's stock.

Mastercard Stock Performance

MA stock traded down $1.91 during mid-day trading on Thursday, reaching $553.61. 906,148 shares of the stock traded hands, compared to its average volume of 2,661,385. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81. The firm has a market capitalization of $504.73 billion, a PE ratio of 38.82, a P/E/G ratio of 2.39 and a beta of 1.02. The business has a 50-day moving average of $567.85 and a two-hundred day moving average of $548.05. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $594.71.

Mastercard (NYSE:MA - Get Free Report) last issued its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating the consensus estimate of $3.57 by $0.16. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The business had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same period in the previous year, the business earned $3.31 EPS. The firm's revenue was up 14.2% on a year-over-year basis. As a group, equities analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Wednesday, July 9th. Mastercard's dividend payout ratio (DPR) is 21.32%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on MA shares. Truist Financial lowered their target price on Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a research note on Thursday. KeyCorp boosted their target price on Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Wolfe Research set a $655.00 price target on Mastercard in a research report on Monday, June 23rd. Evercore ISI began coverage on Mastercard in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price target for the company. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $633.00 price target on shares of Mastercard in a research report on Wednesday, April 2nd. Six equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $612.90.

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.