Mastercard Incorporated $MA Shares Bought by Thurston Springer Miller Herd & Titak Inc.

Key Points

• Thurston Springer Miller Herd & Titak Inc. increased its stake in Mastercard by 17.1% in Q2, acquiring an additional 622 shares to hold a total of 4,260 shares valued at approximately $2.4 million.
• Mastercard reported earnings of $4.15 EPS for the last quarter, exceeding analysts' expectations and showing a 16.8% increase in revenue year-over-year, reaching $8.13 billion.
• Mastercard declared a quarterly dividend of $0.76 per share, yielding 0.5%, with a current dividend payout ratio of 20.50%.

Thurston Springer Miller Herd & Titak Inc. increased its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 17.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,260 shares of the credit services provider's stock after acquiring an additional 622 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Mastercard were worth $2,396,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MA. Centurion Wealth Management LLC lifted its position in shares of Mastercard by 9.0% in the 2nd quarter. Centurion Wealth Management LLC now owns 1,545 shares of the credit services provider's stock valued at $868,000 after acquiring an additional 127 shares in the last quarter. RB Capital Management LLC raised its holdings in shares of Mastercard by 2.9% during the 2nd quarter. RB Capital Management LLC now owns 9,879 shares of the credit services provider's stock valued at $5,551,000 after purchasing an additional 276 shares in the last quarter. McLean Asset Management Corp raised its holdings in shares of Mastercard by 5.2% during the 2nd quarter. McLean Asset Management Corp now owns 1,881 shares of the credit services provider's stock valued at $1,056,000 after purchasing an additional 93 shares in the last quarter. Trust Co of the South grew its stake in Mastercard by 3.0% in the 2nd quarter. Trust Co of the South now owns 846 shares of the credit services provider's stock valued at $475,000 after buying an additional 25 shares during the last quarter. Finally, HBW Advisory Services LLC acquired a new position in Mastercard in the 2nd quarter valued at $1,988,000. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Down 1.4%

MA stock opened at $580.75 on Friday. The stock has a market capitalization of $525.00 billion, a P/E ratio of 39.16, a price-to-earnings-growth ratio of 2.41 and a beta of 0.99. 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 12 month low of $465.59 and a 12 month high of $601.77. The firm has a 50-day moving average price of $574.60 and a 200-day moving average price of $558.33.

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, 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 business's revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.50 earnings per share. As a group, equities research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. TD Cowen reiterated a "buy" rating and set a $645.00 target price on shares of Mastercard in a research report on Monday, August 11th. 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 report on Friday, August 1st. Truist Financial reduced their price target on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a report on Thursday, July 17th. Wolfe Research set a $655.00 price target on shares of Mastercard in a research report on Monday, June 23rd. Finally, Jefferies Financial Group reissued a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, Mastercard presently has a consensus rating of "Moderate Buy" and an average target price of $626.54.

Insiders Place Their Bets

In related news, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total value of $10,202,433.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of Mastercard stock in a transaction on Monday, June 30th. The shares were 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 of the company's stock, valued at approximately $13,229,440. The trade was a 3.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,094 shares of company stock worth $26,521,861 in the last quarter. Insiders own 0.09% of the company's stock.

Mastercard 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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