Oak Ridge Investments LLC Boosts Holdings in Mastercard Incorporated $MA

Key Points

• Oak Ridge Investments LLC has increased its stake in Mastercard Incorporated by 5.2%, now holding 37,951 shares valued at approximately $20.8 million.
• The company reported earnings per share (EPS) of $4.15 for its last quarter, exceeding estimates and showing a 16.8% year-over-year revenue increase.
• Mastercard recently announced a quarterly dividend of $0.76 per share, with a dividend yield of 0.5% and a payout ratio of 20.50%.

Oak Ridge Investments LLC boosted its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 5.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,951 shares of the credit services provider's stock after buying an additional 1,888 shares during the period. Mastercard makes up about 1.7% of Oak Ridge Investments LLC's portfolio, making the stock its 12th largest position. Oak Ridge Investments LLC's holdings in Mastercard were worth $20,802,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in shares of Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock valued at $3,594,000 after purchasing an additional 2,028 shares during the last quarter. Bank Pictet & Cie Europe AG raised its holdings in shares of Mastercard by 11.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider's stock valued at $37,108,000 after purchasing an additional 7,452 shares during the last quarter. Mascagni Wealth Management Inc. purchased a new stake in shares of Mastercard in the fourth quarter valued at about $73,000. Trustco Bank Corp N Y purchased a new stake in shares of Mastercard in the fourth quarter valued at about $211,000. Finally, Cohen & Steers Inc. raised its holdings in shares of Mastercard by 5.1% in the fourth quarter. Cohen & Steers Inc. now owns 825 shares of the credit services provider's stock valued at $434,000 after purchasing an additional 40 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MA. TD Cowen reiterated a "buy" rating and issued a $645.00 target price on shares of Mastercard in a report on Monday, August 11th. KeyCorp increased their target price on shares of Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Truist Financial lowered 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. Wells Fargo & Company increased their price target on shares of Mastercard from $625.00 to $650.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, Macquarie reduced their price target 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. Two investment 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, Mastercard has a consensus rating of "Moderate Buy" and a consensus price target of $617.93.

Mastercard Stock Performance

NYSE:MA traded up $2.9130 on Tuesday, reaching $587.0530. 735,013 shares of the company's stock were exchanged, compared to its average volume of 2,798,229. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market cap of $530.70 billion, a price-to-earnings ratio of 39.57, a P/E/G ratio of 2.39 and a beta of 1.03. Mastercard Incorporated has a 52 week low of $461.90 and a 52 week high of $594.71. The stock has a fifty day simple moving average of $563.30 and a 200-day simple moving average of $554.81.

Mastercard (NYSE:MA - Get Free Report) last issued its earnings results 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 firm had revenue of $8.13 billion during the quarter, compared to analyst estimates 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 business earned $3.50 earnings per share. As a group, sell-side analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 8th. Stockholders 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 dividend payout ratio is presently 20.50%.

Insider Activity

In other news, Director Julius Genachowski sold 312 shares of the stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the sale, the director directly owned 8,469 shares of the company's stock, valued at approximately $4,833,004.23. This represents a 3.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Craig Vosburg sold 9,428 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the completion of the sale, the insider directly owned 58,451 shares in the company, valued at $20,636,125.55. This represents a 13.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 38,453 shares of company stock valued at $20,178,667. Corporate insiders own 0.09% of the company's stock.

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.