Napa Wealth Management Increases Holdings in Mastercard Incorporated $MA

Key Points

• Napa Wealth Management increased its holdings in Mastercard by 41.8% in the first quarter, accumulating a total of 2,652 shares worth approximately $1.454 million.
• Institutional investors own 97.28% of Mastercard's stock, with notable increases from firms like Vanguard Group and Wellington Management in Q1.
• Mastercard's recent earnings report showed a revenue increase of 16.8% year-over-year, with earnings per share at $4.15, exceeding analysts' expectations of $4.05.

Napa Wealth Management boosted its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 41.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,652 shares of the credit services provider's stock after acquiring an additional 782 shares during the period. Napa Wealth Management's holdings in Mastercard were worth $1,454,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Mastercard by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider's stock valued at $42,503,787,000 after acquiring an additional 365,537 shares during the period. Price T Rowe Associates Inc. MD increased its position in Mastercard by 4.7% in 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 acquiring an additional 907,184 shares during the period. Wellington Management Group LLP boosted its holdings in Mastercard by 38.6% in the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider's stock valued at $7,413,936,000 after purchasing an additional 3,765,378 shares in the last quarter. Northern Trust Corp boosted its holdings in Mastercard by 15.2% in the 4th quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider's stock valued at $4,817,684,000 after purchasing an additional 1,207,787 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Mastercard by 65,631.5% in the 1st quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider's stock valued at $4,508,636,000 after purchasing an additional 8,213,123 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Wall Street Analyst Weigh In

MA has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price objective on Mastercard from $625.00 to $650.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Macquarie lowered their price objective on Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Wolfe Research set a $655.00 price objective on Mastercard in a report on Monday, June 23rd. Jefferies Financial Group reissued a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. Finally, KeyCorp boosted their price target on Mastercard from $635.00 to $660.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Mastercard currently has an average rating of "Moderate Buy" and an average target price of $617.93.

Mastercard Trading Down 0.0%

MA traded down $0.08 during trading on Wednesday, hitting $591.53. The company's stock had a trading volume of 1,480,788 shares, compared to its average volume of 2,802,562. The firm's 50 day moving average price is $565.00 and its 200-day moving average price is $556.05. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market cap of $534.75 billion, a PE ratio of 39.89, a PEG ratio of 2.43 and a beta of 1.03. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly 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. The company had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.Mastercard's revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the firm posted $3.50 EPS. On average, analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Stockholders 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 dividend yield of 0.5%. The ex-dividend date was Wednesday, July 9th. Mastercard's dividend payout ratio is presently 20.50%.

Insider Buying and Selling at Mastercard

In other news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the company'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 sale, the insider directly owned 23,624 shares in the company, valued at $13,229,440. This represents a 3.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 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 value of $178,049.04. Following the sale, the director owned 8,469 shares of the company's stock, valued at approximately $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. Over the last quarter, insiders sold 56,269 shares of company stock worth $30,634,699. 0.09% of the stock is currently owned by company insiders.

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.