Lincoln Capital LLC Sells 737 Shares of Mastercard Incorporated $MA

Key Points

• Lincoln Capital LLC reduced its stake in Mastercard by 1.2%, selling 737 shares and retaining 62,107 shares, which constitutes about 6.7% of its portfolio.
• Mastercard reported earnings of $4.15 per share for the latest quarter, surpassing analyst expectations, with quarterly revenue rising 16.8% year-over-year to $8.13 billion.
• The company announced a quarterly dividend of $0.76 per share, representing an annualized yield of 0.5% and a payout ratio of 20.50%.

Lincoln Capital LLC lessened its position in Mastercard Incorporated (NYSE:MA - Free Report) by 1.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 62,107 shares of the credit services provider's stock after selling 737 shares during the quarter. Mastercard makes up about 6.7% of Lincoln Capital LLC's portfolio, making the stock its 3rd biggest position. Lincoln Capital LLC's holdings in Mastercard were worth $32,751,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Ethos Financial Group LLC grew its position in Mastercard by 19.5% during the 1st quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider's stock worth $1,683,000 after acquiring an additional 518 shares during the last quarter. Whalerock Point Partners LLC raised its stake in Mastercard by 1.3% during the 4th quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock worth $7,729,000 after buying an additional 185 shares during the period. Fortis Advisors LLC raised its stake in Mastercard by 9.4% during the 1st quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider's stock worth $477,000 after buying an additional 75 shares during the period. Canandaigua National Trust Co of Florida raised its stake in Mastercard by 36.4% during the 1st quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider's stock worth $380,000 after buying an additional 185 shares during the period. Finally, Kingswood Wealth Advisors LLC raised its stake in shares of Mastercard by 18.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 6,870 shares of the credit services provider's stock worth $3,766,000 after purchasing an additional 1,047 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Down 0.3%

Shares of NYSE MA opened at $582.06 on Monday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market capitalization of $526.19 billion, a price-to-earnings ratio of 39.25, a PEG ratio of 2.39 and a beta of 1.03. The stock has a 50 day moving average price of $563.30 and a 200 day moving average price of $554.61. Mastercard Incorporated has a 52-week low of $461.90 and a 52-week high of $594.71.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%. Mastercard's quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.50 earnings per share. Sell-side analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

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

Wall Street Analyst Weigh In

MA has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft began coverage on Mastercard in a research report on Thursday, July 17th. They set a "buy" rating and a $650.00 price target for the company. Jefferies Financial Group reaffirmed a "buy" rating on shares of Mastercard in a report on Friday, June 6th. Wells Fargo & Company increased their price objective on Mastercard from $625.00 to $650.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Royal Bank Of Canada increased their price objective on Mastercard from $650.00 to $656.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Finally, Citigroup raised their price objective on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a report on Monday, May 5th. Five analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $617.93.

Insider Buying and Selling

In other Mastercard news, insider Craig Vosburg sold 9,428 shares of the company'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 completion of the sale, the insider owned 58,451 shares in the company, valued at $20,636,125.55. This represents a 13.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Raj Seshadri sold 1,100 shares of the company's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the sale, the insider owned 12,921 shares of the company's stock, valued at approximately $7,064,815.17. This represents a 7.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,453 shares of company stock worth $20,178,667 in the last three months. Corporate 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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