Sowell Financial Services LLC Purchases 1,039 Shares of Mastercard Incorporated $MA

Key Points

• Sowell Financial Services LLC increased its stake in Mastercard by 3.2%, holding a total of 33,909 shares worth approximately $19.05 million, making it the 19th largest position in its portfolio.
• Mastercard reported earnings of $4.15 per share for the most recent quarter, surpassing analysts' expectations of $4.05, while revenue reached $8.13 billion, a 16.8% year-over-year increase.
• The company announced a quarterly dividend of $0.76 per share, reflecting an annualized payout of $3.04 and a dividend yield of 0.5%, with the ex-dividend date set for October 9th.

Sowell Financial Services LLC boosted its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 3.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,909 shares of the credit services provider's stock after buying an additional 1,039 shares during the period. Mastercard accounts for 0.8% of Sowell Financial Services LLC's portfolio, making the stock its 19th biggest holding. Sowell Financial Services LLC's holdings in Mastercard were worth $19,055,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC bought a new position in shares of Mastercard during the 2nd quarter valued at about $11,421,213,000. GAMMA Investing LLC boosted its position in shares of Mastercard by 65,631.5% during 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. Nuveen LLC bought a new position in shares of Mastercard during the 1st quarter valued at about $4,238,764,000. Wellington Management Group LLP boosted its holdings in shares of Mastercard by 38.6% in the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider's stock worth $7,413,936,000 after buying an additional 3,765,378 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Mastercard in the fourth quarter worth about $561,313,000. Institutional investors own 97.28% of the company's stock.

Mastercard Price Performance

Shares of NYSE MA traded down $2.17 during midday trading on Friday, reaching $583.88. 6,744,713 shares of the company traded hands, compared to its average volume of 2,498,610. The firm has a market cap of $527.83 billion, a PE ratio of 39.37, a PEG ratio of 2.39 and a beta of 0.99. The stock's 50-day simple moving average is $577.23 and its 200-day simple moving average is $559.16. Mastercard Incorporated has a 12 month low of $465.59 and a 12 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.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.05 by $0.10. The company had revenue of $8.13 billion during the quarter, compared to analysts' expectations of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business's revenue was up 16.8% on a year-over-year basis. During the same period last year, the business earned $3.50 earnings per share. As a group, equities analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be 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 is Thursday, October 9th. Mastercard's payout ratio is currently 20.50%.

Insiders Place Their Bets

In related news, Director Julius Genachowski sold 312 shares of Mastercard stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the transaction, 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of Mastercard stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $560.00, for a total value of $536,480.00. Following the completion of the transaction, the insider directly owned 23,624 shares of the company's stock, valued at $13,229,440. This represents a 3.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,717 shares of company stock valued at $22,684,831. 0.09% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have commented on MA. Wolfe Research set a $655.00 target price on shares of Mastercard in a report on Monday, June 23rd. Truist Financial decreased their target price 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. Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a report on Friday, June 6th. Deutsche Bank Aktiengesellschaft began coverage on shares of Mastercard in a report on Thursday, July 17th. They issued a "buy" rating and a $650.00 target price for the company. Finally, Seaport Res Ptn upgraded shares of Mastercard from a "hold" rating to a "strong-buy" rating in a report on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Mastercard presently has a consensus rating of "Buy" and a consensus target price of $630.89.

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.