Mastercard Incorporated $MA is TBH Global Asset Management LLC's 10th Largest Position

Key Points

• TBH Global Asset Management LLC reduced its stake in Mastercard Incorporated by 10.4%, making it the 10th largest position in its portfolio, valued at approximately $10.2 million.
• Recent analyst ratings show a consensus of "Buy" for Mastercard, with target prices ranging from $612.00 to $661.00.
• Mastercard announced a quarterly dividend of $0.76 per share, with an ex-dividend date set for October 9th, representing a 0.5% yield.

TBH Global Asset Management LLC decreased its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 10.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,147 shares of the credit services provider's stock after selling 2,099 shares during the quarter. Mastercard makes up 1.1% of TBH Global Asset Management LLC's holdings, making the stock its 10th largest position. TBH Global Asset Management LLC's holdings in Mastercard were worth $10,197,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. TD Cowen restated a "buy" rating and set a $645.00 target price on shares of Mastercard in a report on Monday, August 11th. Morgan Stanley boosted their price objective on Mastercard from $639.00 to $661.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Truist Financial cut their target price on Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a research note on Thursday, July 17th. Royal Bank Of Canada lifted their price target on Mastercard from $650.00 to $656.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Finally, Wolfe Research set a $655.00 price objective on shares of Mastercard in a report on Monday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $630.89.

Insiders Place Their Bets

In other news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the firm's 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 completion of the transaction, the insider directly owned 23,624 shares in the company, valued at $13,229,440. This trade represents a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Julius Genachowski sold 312 shares of Mastercard stock in a transaction on Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the sale, the director directly owned 8,469 shares of the company's stock, valued at $4,833,004.23. The trade was a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 36,349 shares of company stock worth $21,372,994 over the last ninety days. Corporate insiders own 0.09% of the company's stock.

Mastercard Stock Down 0.3%

Shares of NYSE:MA opened at $565.63 on Friday. The company has a market capitalization of $511.34 billion, a price-to-earnings ratio of 38.14, a PEG ratio of 2.32 and a beta of 0.99. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The business has a 50-day moving average price of $579.00 and a 200 day moving average price of $560.29. 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 (NYSE:MA - Get Free Report) last posted its earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating analysts' consensus estimates of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company had revenue of $8.13 billion for the quarter, compared to analysts' expectations of $7.95 billion. During the same quarter in the prior year, the company posted $3.50 earnings per share. Mastercard's revenue for the quarter was up 16.8% compared to the same quarter last year. Sell-side analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be given a $0.76 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard's payout ratio 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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