Mastercard Incorporated $MA Shares Acquired by Modern Wealth Management LLC

Key Points

• Modern Wealth Management LLC increased its stake in Mastercard by 26.9%, holding 2,331 shares valued at $1,278,000 at the end of the quarter.
• Several institutional investors, including GAMMA Investing LLC and Nuveen LLC, have significantly enhanced their positions, with GAMMA increasing its stake by an astonishing 65,631.5%.
• Mastercard reported earnings per share (EPS) of $4.15 for the last quarter, surpassing expectations, and declared a $0.76 quarterly dividend, reflecting a yield of 0.5%.

Modern Wealth Management LLC increased its position in Mastercard Incorporated (NYSE:MA - Free Report) by 26.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,331 shares of the credit services provider's stock after purchasing an additional 494 shares during the quarter. Modern Wealth Management LLC's holdings in Mastercard were worth $1,278,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of MA. GAMMA Investing LLC lifted its holdings in Mastercard by 65,631.5% during the first quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider's stock worth $4,508,636,000 after buying an additional 8,213,123 shares during the period. Nuveen LLC purchased a new stake in Mastercard during the first quarter worth $4,238,764,000. Wellington Management Group LLP lifted its holdings in Mastercard by 38.6% during the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider's stock worth $7,413,936,000 after buying an additional 3,765,378 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Mastercard during the 4th quarter valued at $561,313,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Mastercard by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider's stock valued at $11,015,557,000 after purchasing an additional 907,184 shares during the last quarter. Institutional investors own 97.28% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on MA shares. Wells Fargo & Company upped their target price on Mastercard from $625.00 to $650.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Jefferies Financial Group reaffirmed a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Truist Financial cut their price target on Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a research report on Thursday, July 17th. Wolfe Research set a $655.00 price target on Mastercard in a research report on Monday, June 23rd. Finally, TD Cowen reaffirmed a "buy" rating and set a $645.00 price target on shares of Mastercard in a research report on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $626.54.

Mastercard Price Performance

MA traded up $2.89 during trading on Monday, reaching $583.30. The company's stock had a trading volume of 2,222,637 shares, compared to its average volume of 2,200,568. 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 fifty day simple moving average of $574.96 and a two-hundred day simple moving average of $558.34. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The company has a market cap of $527.31 billion, a price-to-earnings ratio of 39.33, a PEG ratio of 2.38 and a beta of 0.99.

Mastercard (NYSE:MA - Get Free Report) last released 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 business had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business's revenue was up 16.8% on a year-over-year basis. During the same period last year, the company posted $3.50 EPS. As a group, analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

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

Insider Transactions at Mastercard

In related news, insider Craig Vosburg sold 9,428 shares of Mastercard stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $353.05, for a total value of $3,328,555.40. Following the completion of the sale, the insider owned 58,451 shares in the company, valued at approximately $20,636,125.55. This trade represents a 13.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO J. Mehra Sachin sold 17,263 shares of the business's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the completion of the transaction, the chief financial officer owned 31,234 shares of the company's stock, valued at approximately $18,459,294. This trade represents a 35.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,094 shares of company stock worth $26,521,861 in the last three months. Company insiders own 0.09% of the company's stock.

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.