Mattern Capital Management LLC Has $5.20 Million Position in Mastercard Incorporated $MA

Key Points

• Mattern Capital Management LLC increased its holdings in Mastercard by 22.7% during the 2nd quarter, bringing its total investment to approximately $5.20 million.
• The company reported a 16.8% year-over-year revenue increase with earnings of $4.15 per share, surpassing analysts' expectations of $4.05.
• Mastercard recently declared a quarterly dividend of $0.76, with an ex-dividend date of October 9, representing an annual yield of 0.5%.

Mattern Capital Management LLC grew its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 22.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,259 shares of the credit services provider's stock after purchasing an additional 1,716 shares during the quarter. Mattern Capital Management LLC's holdings in Mastercard were worth $5,203,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in MA. Brighton Jones LLC grew its position in Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock worth $3,594,000 after buying an additional 2,028 shares in the last quarter. Apella Capital LLC acquired a new stake in Mastercard during the first quarter worth about $337,000. Accel Wealth Management grew its position in Mastercard by 6.2% during the first quarter. Accel Wealth Management now owns 671 shares of the credit services provider's stock worth $368,000 after buying an additional 39 shares in the last quarter. Matrix Trust Co lifted its stake in Mastercard by 35.6% during the first quarter. Matrix Trust Co now owns 411 shares of the credit services provider's stock worth $225,000 after purchasing an additional 108 shares during the period. Finally, Warren Street Wealth Advisors LLC lifted its stake in Mastercard by 6.7% during the first quarter. Warren Street Wealth Advisors LLC now owns 1,185 shares of the credit services provider's stock worth $650,000 after purchasing an additional 74 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Mastercard

In other news, Director Julius Genachowski sold 312 shares of the business's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the transaction, the director owned 8,469 shares of the company's stock, valued at $4,833,004.23. The trade was a 3.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO J. Mehra Sachin sold 17,816 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the completion of the transaction, the chief financial officer directly owned 31,234 shares of the company's stock, valued at $18,330,922.26. This trade represents a 36.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,391 shares of company stock valued at $20,836,514 in the last three months. 0.09% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on MA shares. Wolfe Research set a $655.00 price target on shares of Mastercard in a research note on Monday, June 23rd. Morgan Stanley raised 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. Deutsche Bank Aktiengesellschaft started coverage on shares of Mastercard in a research note on Thursday, July 17th. They set a "buy" rating and a $650.00 price target for the company. Truist Financial cut their price target on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a research note on Thursday, July 17th. Finally, Wall Street Zen cut shares of Mastercard from a "buy" rating to a "hold" rating in a research note on Friday, September 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $630.89.

Mastercard Price Performance

MA opened at $577.76 on Friday. The company has a fifty day moving average price of $580.00 and a two-hundred day moving average price of $561.32. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The firm has a market capitalization of $522.30 billion, a PE ratio of 38.96, a P/E/G ratio of 2.35 and a beta of 0.97.

Mastercard (NYSE:MA - Get Free Report) last released its earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping 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 firm had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. During the same quarter in the previous year, the business earned $3.50 EPS. The business's quarterly revenue was up 16.8% compared to the same quarter last year. As a group, analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be issued a $0.76 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 annualized dividend and a dividend 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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