Mastercard Incorporated $MA Shares Purchased by Triad Wealth Partners LLC

Key Points

• Triad Wealth Partners LLC increased its stake in Mastercard by 27.8%, owning 2,262 shares valued at approximately $1.27 million as of the end of the latest quarter.
• Mastercard reported a net margin of 44.93% and a quarterly revenue of $8.13 billion, surpassing analyst expectations and reflecting a 16.8% year-over-year growth.
• The company declared a quarterly dividend of $0.76 to be paid on November 7th, representing an annualized yield of 0.5%.

Triad Wealth Partners LLC boosted its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 27.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 2,262 shares of the credit services provider's stock after purchasing an additional 492 shares during the period. Triad Wealth Partners LLC's holdings in Mastercard were worth $1,271,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in MA. Kingstone Capital Partners Texas LLC acquired a new stake in Mastercard in the 2nd quarter valued at approximately $11,421,213,000. Nuveen LLC acquired a new position in shares of Mastercard in the first quarter worth $4,238,764,000. Wellington Management Group LLP grew its stake 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 acquiring an additional 3,765,378 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Mastercard by 3,493.6% in the second quarter. Assenagon Asset Management S.A. now owns 934,110 shares of the credit services provider's stock worth $524,914,000 after acquiring an additional 908,116 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Mastercard by 4.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider's stock worth $11,015,557,000 after acquiring an additional 907,184 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Insiders Place Their Bets

In related news, CFO J. Mehra Sachin sold 17,263 shares of the business's 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 directly owned 31,234 shares of the company's stock, valued at $18,459,294. The trade was a 35.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Julius Genachowski sold 312 shares of the business's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $570.67, for a total transaction of $178,049.04. Following the completion of the sale, the director directly owned 8,469 shares of the company's stock, valued at approximately $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. Over the last three months, insiders sold 35,391 shares of company stock valued at $20,836,514. 0.09% of the stock is owned by corporate insiders.

Mastercard Stock Performance

Shares of MA stock opened at $577.76 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The firm has a fifty day moving average price of $580.00 and a 200 day moving average price of $561.32. The company has a market cap of $522.30 billion, a P/E ratio of 38.96, a PEG ratio of 2.35 and a beta of 0.97. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77.

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

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be given a $0.76 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard's payout ratio is 20.50%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. The Goldman Sachs Group restated a "buy" rating on shares of Mastercard in a research note on Friday, August 1st. Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. Wolfe Research set a $655.00 price target on shares of Mastercard in a research note on Monday, June 23rd. TD Cowen restated a "buy" rating and issued a $645.00 price target on shares of Mastercard in a research note on Monday, August 11th. Finally, Truist Financial dropped their price target on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a research note on Thursday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $630.89.

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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