Trivium Point Advisory LLC Has $9.33 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Key Points

• Trivium Point Advisory LLC has reduced its stake in Mastercard by 3.1%, now holding 17,021 shares, indicating a value of approximately $9.33 million.
• Mastercard's recent quarterly earnings surpassed expectations with an EPS of $4.15, and revenue of $8.13 billion, which is a 16.8% increase year-over-year.
• Several investment firms, including Goldman Sachs and KeyCorp, have reaffirmed a positive outlook on Mastercard, with 25 analysts rating it a "buy."

Trivium Point Advisory LLC lessened its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 3.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 17,021 shares of the credit services provider's stock after selling 544 shares during the period. Mastercard comprises about 1.2% of Trivium Point Advisory LLC's portfolio, making the stock its 13th largest holding. Trivium Point Advisory LLC's holdings in Mastercard were worth $9,330,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Kovitz Investment Group Partners LLC increased its stake in shares of Mastercard by 17.6% in the first quarter. Kovitz Investment Group Partners LLC now owns 68,296 shares of the credit services provider's stock worth $37,435,000 after acquiring an additional 10,236 shares during the last quarter. Oak Ridge Investments LLC increased its stake in shares of Mastercard by 5.2% in the first quarter. Oak Ridge Investments LLC now owns 37,951 shares of the credit services provider's stock worth $20,802,000 after acquiring an additional 1,888 shares during the last quarter. OneAscent Investment Solutions LLC acquired a new position in shares of Mastercard in the first quarter worth $575,000. Vestmark Advisory Solutions Inc. increased its stake in shares of Mastercard by 58.4% in the first quarter. Vestmark Advisory Solutions Inc. now owns 7,130 shares of the credit services provider's stock worth $3,908,000 after acquiring an additional 2,630 shares during the last quarter. Finally, Ground Swell Capital LLC acquired a new position in shares of Mastercard in the first quarter worth $422,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Price Performance

MA traded down $1.70 during midday trading on Friday, reaching $582.06. 2,263,560 shares of the company's stock were exchanged, compared to its average volume of 2,583,317. The firm has a market capitalization of $526.19 billion, a price-to-earnings ratio of 39.25, a price-to-earnings-growth ratio of 2.39 and a beta of 1.03. 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 one year low of $461.90 and a one year high of $594.71. The business has a 50-day simple moving average of $563.30 and a two-hundred day simple moving average of $554.68.

Mastercard (NYSE:MA - Get Free Report) last posted its 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. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company had revenue of $8.13 billion during the quarter, compared to analysts' expectations of $7.95 billion. During the same quarter in the previous year, the company posted $3.50 earnings per share. Mastercard's quarterly revenue was up 16.8% compared to the same quarter last year. As a group, research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

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

Insider Activity

In related news, insider Craig Vosburg sold 14,051 shares of the firm's stock in a transaction that occurred on 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 sale, the insider owned 58,451 shares of the company's stock, valued at $34,196,757.55. This trade represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $572.86, for a total transaction of $549,372.74. Following the completion of the sale, the insider directly owned 25,540 shares of the company's stock, valued at approximately $14,630,844.40. This represents a 3.62% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,453 shares of company stock worth $20,178,667. 0.09% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MA. Morgan Stanley upped their price target on shares of Mastercard from $639.00 to $661.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. TD Cowen reissued a "buy" rating and set a $645.00 target price on shares of Mastercard in a research report on Monday, August 11th. Wells Fargo & Company increased their target price on shares of Mastercard from $625.00 to $650.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Wolfe Research set a $655.00 target price on shares of Mastercard in a research report on Monday, June 23rd. Finally, KeyCorp increased their target price on shares of Mastercard from $635.00 to $660.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Five equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Mastercard presently has an average rating of "Moderate Buy" and a consensus target price of $617.93.

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.