Mastercard Incorporated (NYSE:MA) Shares Acquired by Cary Street Partners Investment Advisory LLC

Key Points

• Cary Street Partners Investment Advisory LLC increased its holdings in Mastercard by 25.5% during the first quarter, now owning approximately 3,363 shares valued at $1.84 million.
• Mastercard reported earnings of $4.15 per share for the latest quarter, exceeding estimates, with a revenue of $8.13 billion—up 16.8% year-over-year.
• The company announced a quarterly dividend of $0.76, with a payout ratio of 20.50%, reflecting a yield of 0.5% for shareholders.

Cary Street Partners Investment Advisory LLC lifted its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 25.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,363 shares of the credit services provider's stock after buying an additional 684 shares during the quarter. Mastercard accounts for 1.1% of Cary Street Partners Investment Advisory LLC's portfolio, making the stock its 17th biggest holding. Cary Street Partners Investment Advisory LLC's holdings in Mastercard were worth $1,843,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MA. Measured Risk Portfolios Inc. acquired a new stake in Mastercard in the fourth quarter valued at $31,000. Navigoe LLC purchased a new stake in shares of Mastercard in the fourth quarter valued at about $33,000. 10Elms LLP purchased a new stake in shares of Mastercard in the fourth quarter valued at about $33,000. Hughes Financial Services LLC acquired a new stake in shares of Mastercard in the first quarter valued at approximately $34,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Mastercard during the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Insider Buying and Selling

In other Mastercard news, insider Craig Vosburg sold 14,051 shares of the 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of Mastercard 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 sale, the insider owned 25,540 shares in the company, 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 38,603 shares of company stock worth $20,265,667. Company insiders own 0.09% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on MA. Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a report on Friday, June 6th. Macquarie reduced their price objective on Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Wells Fargo & Company lifted their price objective on Mastercard from $625.00 to $650.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. The Goldman Sachs Group restated a "buy" rating on shares of Mastercard in a report on Friday, August 1st. Finally, Seaport Res Ptn raised shares of Mastercard from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 14th. Five research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $615.33.

Mastercard Trading Up 2.4%

MA traded up $13.20 on Friday, reaching $574.42. 2,907,568 shares of the company's stock were exchanged, compared to its average volume of 2,832,254. Mastercard Incorporated has a twelve month low of $453.46 and a twelve month high of $594.71. The company's 50 day moving average is $564.08 and its 200-day moving average is $552.92. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market cap of $523.70 billion, a price-to-earnings ratio of 38.73, a PEG ratio of 2.34 and a beta of 1.03.

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 (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $7.95 billion. During the same quarter in the prior year, the business earned $3.50 earnings per share. The business's quarterly revenue was up 16.8% compared to the same quarter last year. Equities analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Wednesday, July 9th. Mastercard's payout ratio is currently 20.50%.

About Mastercard

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.