Mastercard Incorporated (NYSE:MA) Shares Purchased by Trajan Wealth LLC

Key Points

• Trajan Wealth LLC increased its stake in Mastercard by 3.5% in the 1st quarter, owning 116,317 shares valued at approximately $63.76 million.
• Mastercard received an upgrade to a "strong buy" rating from Seaport Res Ptn, with research analysts setting a consensus price target of $615.33.
• Mastercard reported its quarterly earnings on July 31st, achieving an EPS of $4.15, surpassing expectations, and declaring a quarterly dividend of $0.76.

Trajan Wealth LLC increased its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 3.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 116,317 shares of the credit services provider's stock after purchasing an additional 3,981 shares during the quarter. Mastercard accounts for approximately 3.5% of Trajan Wealth LLC's holdings, making the stock its 5th biggest position. Trajan Wealth LLC's holdings in Mastercard were worth $63,756,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of MA. Measured Risk Portfolios Inc. acquired a new stake in Mastercard in the fourth quarter valued at $31,000. Navigoe LLC acquired a new stake in Mastercard in the fourth quarter valued at $33,000. 10Elms LLP acquired a new stake in Mastercard in the fourth quarter valued at $33,000. Hughes Financial Services LLC acquired a new stake in Mastercard in the first quarter valued at $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Mastercard in the fourth quarter valued at $36,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MA has been the subject of a number of research analyst reports. Seaport Res Ptn upgraded Mastercard from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 14th. Wolfe Research set a $655.00 price target on Mastercard in a research report on Monday, June 23rd. Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Royal Bank Of Canada raised their price target on Mastercard from $650.00 to $656.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Finally, UBS Group raised their price target on Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Five research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $615.33.

Insiders Place Their Bets

In other news, insider Raj Seshadri sold 1,100 shares of Mastercard stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the transaction, the insider directly owned 12,921 shares of the company's stock, valued at $7,064,815.17. The trade was a 7.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of Mastercard stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $560.00, for a total value of $536,480.00. Following the completion of the transaction, the insider directly owned 23,624 shares in the company, valued at $13,229,440. This represents a 3.90% 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 worth $20,178,667 over the last 90 days. Corporate insiders own 0.09% of the company's stock.

Mastercard Stock Down 0.1%

MA opened at $573.72 on Tuesday. 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 stock has a market capitalization of $518.65 billion, a price-to-earnings ratio of 38.69, a price-to-earnings-growth ratio of 2.36 and a beta of 1.03. The business has a 50-day moving average of $563.76 and a two-hundred day moving average of $553.84. Mastercard Incorporated has a 12 month low of $453.89 and a 12 month high of $594.71.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating the consensus estimate of $4.05 by $0.10. The company 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 was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.50 EPS. On average, research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

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

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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