Mastercard Incorporated (NYSE:MA) Shares Bought by Triglav Skladi D.O.O.

Key Points

• Triglav Skladi D.O.O. increased its stake in Mastercard by 9.2%, owning 43,358 shares valued at $23.76 million, making Mastercard 2.0% of its portfolio.
• Mastercard's quarterly earnings report showed earnings per share of $4.15, exceeding expectations, with revenue increasing 16.8% year-over-year.
• The company has announced a quarterly dividend of $0.76 per share, reflecting an annualized yield of 0.5% and a payout ratio of 20.5%.

Triglav Skladi D.O.O. raised its position in Mastercard Incorporated (NYSE:MA - Free Report) by 9.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,358 shares of the credit services provider's stock after acquiring an additional 3,639 shares during the quarter. Mastercard makes up approximately 2.0% of Triglav Skladi D.O.O.'s portfolio, making the stock its 15th biggest position. Triglav Skladi D.O.O.'s holdings in Mastercard were worth $23,763,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In related news, Director Julius Genachowski sold 312 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $570.67, for a total transaction of $178,049.04. Following the sale, the director directly owned 8,469 shares in the company, valued at $4,833,004.23. This represents a 3.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Craig Vosburg sold 9,428 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $353.05, for a total value of $3,328,555.40. Following the sale, the insider owned 58,451 shares in the company, valued at approximately $20,636,125.55. This trade represents a 13.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,453 shares of company stock valued at $20,178,667 in the last 90 days. Insiders own 0.09% of the company's stock.

Mastercard Trading Up 0.1%

Mastercard stock opened at $573.88 on Wednesday. The business has a 50 day moving average price of $563.59 and a two-hundred day moving average price of $553.98. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The stock has a market cap of $518.80 billion, a price-to-earnings ratio of 38.70, a price-to-earnings-growth ratio of 2.36 and a beta of 1.03. Mastercard Incorporated has a 12 month low of $454.89 and a 12 month high of $594.71.

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

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Wednesday, July 9th were given a dividend of $0.76 per share. The ex-dividend date was Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard's dividend payout ratio is 20.50%.

Analysts Set New Price Targets

Several research analysts have commented on MA shares. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Mastercard in a research report on Friday, August 1st. Morgan Stanley upped their price objective on Mastercard from $639.00 to $661.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Wolfe Research set a $655.00 target price on Mastercard in a research report on Monday, June 23rd. KeyCorp upped their price objective on Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, Truist Financial dropped their price target on Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a research note on Thursday, July 17th. Five equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $615.33.

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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