Mastercard Incorporated (NYSE:MA) is Heritage Wealth Advisors' 8th Largest Position

Key Points

• Heritage Wealth Advisors increased its holdings in Mastercard by 2.3% during the first quarter, making it the 8th largest position in their portfolio, valued at approximately $60.6 million.
• Mastercard reported earnings per share (EPS) of $4.15 for the last quarter, exceeding analysts’ expectations of $4.05, with a revenue of $8.13 billion—an increase of 16.8% year-over-year.
• The company recently announced a quarterly dividend of $0.76 per share, representing an annual yield of 0.5%, illustrating its stable financial position.

Heritage Wealth Advisors raised its position in Mastercard Incorporated (NYSE:MA - Free Report) by 2.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110,594 shares of the credit services provider's stock after purchasing an additional 2,503 shares during the quarter. Mastercard accounts for approximately 3.1% of Heritage Wealth Advisors' holdings, making the stock its 8th biggest holding. Heritage Wealth Advisors' holdings in Mastercard were worth $60,619,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Whalerock Point Partners LLC increased its position in shares of Mastercard by 1.3% during the fourth quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock worth $7,729,000 after acquiring an additional 185 shares during the period. Fortis Advisors LLC increased its position in shares of Mastercard by 9.4% during the first quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider's stock worth $477,000 after acquiring an additional 75 shares during the period. Canandaigua National Trust Co of Florida increased its position in shares of Mastercard by 36.4% during the first quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider's stock worth $380,000 after acquiring an additional 185 shares during the period. Kingswood Wealth Advisors LLC increased its position in shares of Mastercard by 18.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 6,870 shares of the credit services provider's stock worth $3,766,000 after acquiring an additional 1,047 shares during the period. Finally, Baldwin Investment Management LLC increased its position in shares of Mastercard by 5.7% during the fourth quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider's stock worth $911,000 after acquiring an additional 93 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MA has been the topic of a number of research reports. Evercore ISI began coverage on shares of Mastercard in a research report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 target price on the stock. UBS Group lifted their price objective on shares of Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Royal Bank Of Canada lifted their price objective on shares of Mastercard from $650.00 to $656.00 and gave the company an "outperform" rating in a report on Friday. The Goldman Sachs Group reissued a "buy" rating on shares of Mastercard in a report on Friday. Finally, Citigroup lifted their price objective on shares of Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a report on Monday, May 5th. Five investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $615.33.

Mastercard Stock Performance

NYSE MA traded down $6.74 on Friday, reaching $559.73. 3,316,713 shares of the company's stock traded hands, compared to its average volume of 2,427,760. The stock has a 50 day moving average price of $564.58 and a 200-day moving average price of $551.95. The firm has a market cap of $510.31 billion, a price-to-earnings ratio of 37.74, a P/E/G ratio of 2.43 and a beta of 1.03. Mastercard Incorporated has a fifty-two week low of $439.59 and a fifty-two week high of $594.71. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.11 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 for the quarter, topping analysts' consensus estimates of $4.05 by $0.10. The business 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 revenue was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.50 earnings per share. Equities research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be given a $0.76 dividend. The ex-dividend date is Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. Mastercard's dividend payout ratio is 21.32%.

Insider Activity

In other Mastercard news, insider Craig Vosburg sold 14,051 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $585.05, for a total value of $8,220,537.55. Following the completion of the transaction, the insider owned 58,451 shares in the company, valued at approximately $34,196,757.55. This represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of the business's stock in a transaction dated Friday, June 13th. The stock was 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 of the company's stock, valued at $14,630,844.40. This represents a 3.62% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,753 shares of company stock worth $20,351,084. 0.09% of the stock is currently owned by insiders.

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.