Titan Global Capital Management USA LLC Raises Stock Holdings in Mastercard Incorporated $MA

Key Points

• Titan Global Capital Management USA LLC increased its stake in Mastercard by 11.3%, now owning 54,267 shares worth approximately $29.7 million, making it their 4th largest holding.
• Despite insider sales totaling 56,269 shares valued at $30.6 million over the last three months, insiders still hold 0.09% of the company's stock.
• Mastercard reported a strong Q2 earnings result, with EPS of $4.15 and revenue of $8.13 billion, surpassing analyst expectations.

Titan Global Capital Management USA LLC raised its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 11.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,267 shares of the credit services provider's stock after purchasing an additional 5,518 shares during the period. Mastercard accounts for approximately 6.1% of Titan Global Capital Management USA LLC's investment portfolio, making the stock its 4th biggest position. Titan Global Capital Management USA LLC's holdings in Mastercard were worth $29,745,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ethos Financial Group LLC increased its holdings in shares of Mastercard by 19.5% in the first quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider's stock valued at $1,683,000 after purchasing an additional 518 shares during the last quarter. Whalerock Point Partners LLC grew its stake in shares of Mastercard by 1.3% in the fourth quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock valued at $7,729,000 after acquiring an additional 185 shares in the last quarter. Fortis Advisors LLC grew its stake in shares of Mastercard by 9.4% in the first quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider's stock valued at $477,000 after acquiring an additional 75 shares in the last quarter. Canandaigua National Trust Co of Florida grew its stake in shares of Mastercard by 36.4% in the first quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider's stock valued at $380,000 after acquiring an additional 185 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC grew its stake in shares of Mastercard by 18.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 6,870 shares of the credit services provider's stock valued at $3,766,000 after acquiring an additional 1,047 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Raj Seshadri sold 1,100 shares of the business's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the sale, the insider directly owned 12,921 shares in the company, valued at approximately $7,064,815.17. The trade was a 7.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of the company's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $572.86, for a total transaction of $549,372.74. Following the sale, the insider directly owned 25,540 shares in the company, valued at approximately $14,630,844.40. This trade represents a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,269 shares of company stock worth $30,634,699 in the last ninety days. Corporate insiders own 0.09% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on MA. KeyCorp upped their price target on shares of Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Macquarie cut their price objective on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Citigroup upped their price objective on shares of Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. TD Cowen reaffirmed a "buy" rating and set a $645.00 price objective on shares of Mastercard in a research report on Monday, August 11th. Finally, Royal Bank Of Canada upped their price objective on shares of Mastercard from $650.00 to $656.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $617.93.

Mastercard Trading Down 0.9%

Shares of NYSE MA traded down $5.62 during midday trading on Monday, reaching $593.34. The stock had a trading volume of 1,982,653 shares, compared to its average volume of 2,798,514. The firm has a market cap of $536.39 billion, a price-to-earnings ratio of 40.01, a price-to-earnings-growth ratio of 2.46 and a beta of 1.03. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The company's 50 day moving average price is $564.03 and its 200 day moving average price is $555.58.

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 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 net margin of 44.93% and a return on equity of 200.01%. The company's quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter last year, the firm posted $3.50 EPS. As a group, sell-side analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Wednesday, July 9th were issued 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 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.