Mastercard Incorporated $MA is Bank OZK's 6th Largest Position

Key Points

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Bank OZK lifted its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 4.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,039 shares of the credit services provider's stock after purchasing an additional 465 shares during the period. Mastercard accounts for approximately 2.3% of Bank OZK's holdings, making the stock its 6th largest position. Bank OZK's holdings in Mastercard were worth $5,503,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Accredited Investors Inc. boosted its holdings in Mastercard by 2.6% during the first quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider's stock worth $394,000 after buying an additional 18 shares in the last quarter. Wealthstream Advisors Inc. lifted its holdings in shares of Mastercard by 2.9% in the first quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider's stock valued at $347,000 after purchasing an additional 18 shares in the last quarter. Phillips Wealth Planners LLC lifted its holdings in shares of Mastercard by 1.8% in the first quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider's stock valued at $538,000 after purchasing an additional 19 shares in the last quarter. Alta Wealth Advisors LLC lifted its holdings in shares of Mastercard by 3.6% in the first quarter. Alta Wealth Advisors LLC now owns 540 shares of the credit services provider's stock valued at $296,000 after purchasing an additional 19 shares in the last quarter. Finally, May Hill Capital LLC lifted its holdings in shares of Mastercard by 2.0% in the first quarter. May Hill Capital LLC now owns 986 shares of the credit services provider's stock valued at $540,000 after purchasing an additional 19 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MA has been the topic of several recent research reports. Wall Street Zen raised shares of Mastercard from a "hold" rating to a "buy" rating in a report on Friday, July 18th. KeyCorp boosted their price objective on shares of Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Wells Fargo & Company boosted their price objective on shares of Mastercard from $625.00 to $650.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Morgan Stanley boosted their price objective on shares of Mastercard from $639.00 to $661.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, Citigroup boosted their price objective on shares of Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Five equities research 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 data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $617.93.

Insider Activity

In related news, insider Raj Seshadri sold 1,100 shares of the firm's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $546.77, for a total transaction of $601,447.00. Following the completion of the sale, the insider directly owned 12,921 shares of the company's stock, valued at approximately $7,064,815.17. This trade represents a 7.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Craig Vosburg sold 9,428 shares of the firm's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the sale, the insider directly owned 58,451 shares of the company's stock, valued at approximately $20,636,125.55. The trade was a 13.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,453 shares of company stock valued at $20,178,667 in the last 90 days. Company insiders own 0.09% of the company's stock.

Mastercard Stock Up 0.5%

Shares of Mastercard stock opened at $584.38 on Tuesday. The company has a fifty day moving average price of $563.30 and a 200 day moving average price of $554.81. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a twelve month low of $461.90 and a twelve month high of $594.71. The stock has a market cap of $528.28 billion, a price-to-earnings ratio of 39.41, a price-to-earnings-growth ratio of 2.39 and a beta of 1.03.

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 for the quarter, topping analysts' consensus estimates of $4.05 by $0.10. The firm had revenue of $8.13 billion during the quarter, compared to analysts' expectations of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm's revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the company earned $3.50 EPS. Equities research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

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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