Mastercard Incorporated $MA Position Trimmed by Summit Financial LLC

Key Points

• Summit Financial LLC has reduced its stake in Mastercard Incorporated by 10.8%, now owning 9,936 shares valued at approximately $5.45 million.
• Mastercard reported a quarterly EPS of $4.15, exceeding analysts' estimates by $0.10, with revenue reaching $8.13 billion, reflecting a year-over-year increase of 16.8%.
• The company recently declared a quarterly dividend of $0.76, resulting in an annualized dividend yield of 0.5% with a payout ratio of 20.50%.

Summit Financial LLC trimmed its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 10.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,936 shares of the credit services provider's stock after selling 1,199 shares during the period. Summit Financial LLC's holdings in Mastercard were worth $5,446,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in MA. Accredited Investors Inc. raised its stake in shares of Mastercard by 2.6% in the first quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider's stock worth $394,000 after acquiring an additional 18 shares during the last quarter. Wealthstream Advisors Inc. grew its position in shares of Mastercard by 2.9% during the 1st quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider's stock worth $347,000 after buying an additional 18 shares during the period. Phillips Wealth Planners LLC grew its position in shares of Mastercard by 1.8% during the 1st quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider's stock worth $538,000 after buying an additional 19 shares during the period. Alta Wealth Advisors LLC grew its position in shares of Mastercard by 3.6% during the 1st quarter. Alta Wealth Advisors LLC now owns 540 shares of the credit services provider's stock worth $296,000 after buying an additional 19 shares during the period. Finally, May Hill Capital LLC grew its position in shares of Mastercard by 2.0% during the 1st quarter. May Hill Capital LLC now owns 986 shares of the credit services provider's stock worth $540,000 after buying an additional 19 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Performance

Shares of MA stock opened at $591.4220 on Friday. The company's fifty day simple moving average is $563.30 and its 200-day simple moving average is $555.47. 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 market cap of $534.65 billion, a PE ratio of 39.88, a P/E/G ratio of 2.43 and a beta of 1.03. Mastercard Incorporated has a 12 month low of $461.90 and a 12 month high of $594.71.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 EPS 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 firm's revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.50 earnings per share. Equities research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

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

Insiders Place Their Bets

In other news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the business's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $560.00, for a total value of $536,480.00. Following the sale, the insider owned 23,624 shares of the company's stock, valued at $13,229,440. The trade was a 3.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Julius Genachowski sold 312 shares of the company's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $570.67, for a total transaction of $178,049.04. Following the sale, the director directly owned 8,469 shares in the company, valued at $4,833,004.23. This trade represents a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 56,269 shares of company stock valued at $30,634,699 over the last 90 days. 0.09% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MA has been the subject of several analyst reports. Morgan Stanley lifted their price target on shares of Mastercard from $639.00 to $661.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Seaport Res Ptn upgraded shares of Mastercard from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 14th. KeyCorp lifted their price target on shares of Mastercard from $635.00 to $660.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. TD Cowen restated a "buy" rating and set a $645.00 price objective on shares of Mastercard in a report on Monday, August 11th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Mastercard in a report on Thursday, July 17th. They set a "buy" rating and a $650.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $617.93.

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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