Mastercard Incorporated (NYSE:MA) Shares Purchased by Lyell Wealth Management LP

Key Points

• Lyell Wealth Management LP increased its position in Mastercard by 8.7%, owning 16,940 shares valued at approximately $9.29 million.
• Several large investors have also adjusted their stakes in Mastercard, with 97.28% of the stock owned by hedge funds and institutional investors.
• Mastercard reported $3.73 earnings per share for the last quarter, surpassing estimates and achieving a net margin of 45.21%.

Lyell Wealth Management LP raised its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 8.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,940 shares of the credit services provider's stock after purchasing an additional 1,362 shares during the quarter. Lyell Wealth Management LP's holdings in Mastercard were worth $9,285,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Brighton Jones LLC raised its position in shares of Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock valued at $3,594,000 after buying an additional 2,028 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in Mastercard by 11.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider's stock valued at $37,108,000 after buying an additional 7,452 shares in the last quarter. Mascagni Wealth Management Inc. bought a new position in shares of Mastercard during the 4th quarter worth $73,000. Trustco Bank Corp N Y bought a new position in Mastercard in the fourth quarter worth approximately $211,000. Finally, Tradewinds LLC. bought a new position in Mastercard in the fourth quarter worth about $265,000. 97.28% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Craig Vosburg sold 14,051 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the completion of the transaction, the insider owned 58,451 shares in the company, valued at $34,196,757.55. The trade was a 19.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $572.86, for a total value of $549,372.74. Following the completion of the transaction, the insider directly owned 25,540 shares of the company's stock, valued at $14,630,844.40. This trade represents a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 38,753 shares of company stock valued at $20,351,084. 0.09% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on MA shares. Morgan Stanley boosted their price target on Mastercard from $639.00 to $661.00 and gave the stock an "overweight" rating in a research note on Friday. Truist Financial lowered their price target on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a report on Thursday, July 17th. Evercore ISI assumed coverage on Mastercard in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price objective for the company. Seaport Res Ptn raised shares of Mastercard from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 14th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Five investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Mastercard has a consensus rating of "Moderate Buy" and a consensus price target of $615.33.

Mastercard Stock Performance

Shares of MA stock traded down $6.74 during trading hours on Friday, reaching $559.73. 3,316,713 shares of the company's stock were exchanged, compared to its average volume of 2,427,760. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.11. The company's 50 day moving average is $564.58 and its two-hundred day moving average is $551.95. Mastercard Incorporated has a 1 year low of $439.59 and a 1 year high of $594.71. The company has a market cap of $510.31 billion, a P/E ratio of 37.74, a price-to-earnings-growth ratio of 2.43 and a beta of 1.03.

Mastercard (NYSE:MA - Get Free Report) last announced its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating the consensus estimate of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. During the same quarter in the previous year, the company posted $3.50 EPS. The firm's revenue for the quarter was up 16.8% on a year-over-year basis. Equities research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th will be given 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 is Wednesday, July 9th. Mastercard's payout ratio is presently 21.32%.

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.