Mastercard Incorporated (NYSE:MA) Shares Purchased by Rothschild & Co Wealth Management UK Ltd

Key Points

• Rothschild & Co Wealth Management UK Ltd has raised its stake in Mastercard by 0.1%, making it the firm's 3rd largest position, with total holdings valued at approximately $721.7 million.
• Mastercard's recent quarterly earnings exceeded expectations, reporting $3.73 earnings per share against a consensus estimate of $3.57, with revenue up 14.2% year-over-year at $7.25 billion.
• The company declared a quarterly dividend of $0.76, with an ex-dividend date of July 9th, resulting in an annualized dividend of $3.04 and a yield of 0.54%.

Rothschild & Co Wealth Management UK Ltd grew its position in Mastercard Incorporated (NYSE:MA - Free Report) by 0.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,316,728 shares of the credit services provider's stock after purchasing an additional 954 shares during the quarter. Mastercard makes up about 12.1% of Rothschild & Co Wealth Management UK Ltd's investment portfolio, making the stock its 3rd largest holding. Rothschild & Co Wealth Management UK Ltd owned approximately 0.14% of Mastercard worth $721,725,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Whalerock Point Partners LLC raised its stake in shares of Mastercard by 1.3% in the fourth quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock valued at $7,729,000 after acquiring an additional 185 shares during the period. Fortis Advisors LLC grew its holdings in Mastercard by 9.4% during the 1st quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider's stock worth $477,000 after acquiring an additional 75 shares in the last quarter. Canandaigua National Trust Co of Florida boosted its holdings in shares of Mastercard by 36.4% in the 1st quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider's stock valued at $380,000 after buying an additional 185 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its stake in Mastercard by 18.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 6,870 shares of the credit services provider's stock worth $3,766,000 after purchasing an additional 1,047 shares in the last quarter. Finally, Baldwin Investment Management LLC boosted its stake in Mastercard by 5.7% in the 4th quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider's stock worth $911,000 after purchasing an additional 93 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MA. UBS Group lifted their target price on shares of Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Truist Financial reduced their price objective on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a report on Thursday, July 17th. KeyCorp boosted their price target on shares of Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Citigroup upped their target price on shares of Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Finally, Wolfe Research set a $655.00 price target on Mastercard in a report on Monday, June 23rd. Five research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Mastercard presently has an average rating of "Moderate Buy" and an average price target of $612.90.

Insider Transactions at Mastercard

In related news, insider Craig Vosburg sold 14,051 shares of Mastercard stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $585.05, for a total value of $8,220,537.55. Following the transaction, the insider owned 58,451 shares of the company's stock, valued at approximately $34,196,757.55. This trade represents a 19.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of Mastercard stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $572.86, for a total value of $549,372.74. Following the completion of the transaction, the insider directly 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. Insiders sold 38,753 shares of company stock valued at $20,351,084 in the last three months. 0.09% of the stock is currently owned by insiders.

Mastercard Stock Performance

Shares of MA stock traded down $1.79 during trading hours on Tuesday, reaching $566.49. The stock had a trading volume of 736,477 shares, compared to its average volume of 2,805,610. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. Mastercard Incorporated has a twelve month low of $439.59 and a twelve month high of $594.71. The firm has a 50-day simple moving average of $565.27 and a 200-day simple moving average of $550.83. The firm has a market capitalization of $516.48 billion, a PE ratio of 39.66, a price-to-earnings-growth ratio of 2.46 and a beta of 1.02.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping analysts' consensus estimates of $3.57 by $0.16. The business had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The company's revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter last year, the company earned $3.31 EPS. As a group, equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Wednesday, July 9th. Mastercard's payout ratio is currently 21.32%.

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.