Mastercard Incorporated $MA Stock Holdings Boosted by LVW Advisors LLC

Key Points

• LVW Advisors LLC increased its holdings in Mastercard by 10.3% in the second quarter, now owning 7,860 shares valued at approximately $4.4 million.
• Mastercard reported a quarterly earnings of $4.15 per share, exceeding analysts' expectations, with revenue of $8.13 billion marking a 16.8% year-over-year increase.
• The company announced a quarterly dividend of $0.76 per share, with an ex-dividend date of October 9, reflecting a 0.5% yield and a payout ratio of 20.50%.

LVW Advisors LLC raised its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 10.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,860 shares of the credit services provider's stock after acquiring an additional 736 shares during the quarter. LVW Advisors LLC's holdings in Mastercard were worth $4,417,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of MA. Accredited Investors Inc. increased its holdings in Mastercard by 2.6% in the first quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider's stock worth $394,000 after buying an additional 18 shares during the last quarter. Wealthstream Advisors Inc. grew its holdings in Mastercard by 2.9% during the first quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider's stock valued at $347,000 after purchasing an additional 18 shares during the last quarter. Phillips Wealth Planners LLC grew its holdings in Mastercard by 1.8% during the first quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider's stock valued at $538,000 after purchasing an additional 19 shares during the last quarter. Alta Wealth Advisors LLC grew its holdings in Mastercard by 3.6% during the first quarter. Alta Wealth Advisors LLC now owns 540 shares of the credit services provider's stock valued at $296,000 after purchasing an additional 19 shares during the last quarter. Finally, May Hill Capital LLC grew its holdings in Mastercard by 2.0% during the first quarter. May Hill Capital LLC now owns 986 shares of the credit services provider's stock valued at $540,000 after purchasing an additional 19 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Stock Performance

Mastercard stock opened at $565.63 on Friday. The stock has a 50-day simple moving average of $579.00 and a 200 day simple moving average of $560.04. The company has a quick ratio of 1.16, a current 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 stock has a market capitalization of $511.34 billion, a price-to-earnings ratio of 38.14, a P/E/G ratio of 2.33 and a beta of 0.99.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings results 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 business 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 firm's revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the previous year, the business posted $3.50 earnings per share. On average, research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be issued a dividend of $0.76 per share. The ex-dividend date is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard's dividend payout ratio (DPR) is 20.50%.

Analysts Set New Price Targets

Several research firms have recently weighed in on MA. Deutsche Bank Aktiengesellschaft began coverage on Mastercard in a research report on Thursday, July 17th. They issued a "buy" rating and a $650.00 price objective for the company. Wall Street Zen cut Mastercard from a "buy" rating to a "hold" rating in a research report on Friday. Royal Bank Of Canada raised their target price on Mastercard from $650.00 to $656.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Wolfe Research set a $655.00 target price on Mastercard in a research report on Monday, June 23rd. Finally, UBS Group raised their target price on Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Mastercard presently has an average rating of "Buy" and an average price target of $630.89.

Insiders Place Their Bets

In other news, insider Linda Pistecchia Kirkpatrick sold 958 shares of Mastercard stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $560.00, for a total transaction of $536,480.00. Following the transaction, the insider owned 23,624 shares in the company, valued at $13,229,440. The trade was a 3.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO J. Mehra Sachin sold 17,816 shares of Mastercard stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total value of $10,456,032.24. Following the transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,330,922.26. This trade represents a 36.32% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,349 shares of company stock worth $21,372,994. Insiders own 0.09% of the company's stock.

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.

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