Mitchell Sinkler & Starr PA Grows Position in Mastercard Incorporated (NYSE:MA)

Key Points

• Mitchell Sinkler & Starr PA increased its holdings in Mastercard Incorporated by 19.1%, acquiring an additional 853 shares, bringing its total ownership to 5,312 shares valued at approximately $2.9 million.
• Mastercard reported a 14.2% increase in quarterly revenue year-over-year, achieving $7.25 billion against analysts' expectations of $7.12 billion, with an earnings per share (EPS) of $3.73.
• The company has announced a quarterly dividend of $0.76 per share, with stockholders of record set to receive it on August 8th, representing an annual dividend yield of 0.54%.

Mitchell Sinkler & Starr PA raised its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 19.1% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 5,312 shares of the credit services provider's stock after acquiring an additional 853 shares during the period. Mitchell Sinkler & Starr PA's holdings in Mastercard were worth $2,912,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Whalerock Point Partners LLC increased its holdings in Mastercard by 1.3% in the 4th quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock worth $7,729,000 after acquiring an additional 185 shares in the last quarter. Fortis Advisors LLC increased its holdings in Mastercard by 9.4% in 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 raised its position in shares of Mastercard by 36.4% during the first 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 during the last quarter. Kingswood Wealth Advisors LLC raised its position in shares of Mastercard by 18.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 6,870 shares of the credit services provider's stock valued at $3,766,000 after buying an additional 1,047 shares during the last quarter. Finally, Baldwin Investment Management LLC grew its holdings in shares of Mastercard by 5.7% in the fourth quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider's stock valued at $911,000 after purchasing an additional 93 shares in the last quarter. Institutional investors own 97.28% of the company's stock.

Insider Buying and Selling at Mastercard

In other news, Director Julius Genachowski sold 312 shares of the company's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $570.67, for a total transaction of $178,049.04. Following the completion of the sale, the director owned 8,469 shares of the company's stock, valued at $4,833,004.23. This represents a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Craig Vosburg sold 9,428 shares of the company's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the sale, the insider directly owned 58,451 shares of the company's stock, valued at $20,636,125.55. The trade was a 13.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,753 shares of company stock worth $20,351,084 over the last three months. 0.09% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on MA shares. Wall Street Zen raised shares of Mastercard from a "hold" rating to a "buy" rating in a report on Friday, July 18th. The Goldman Sachs Group restated a "buy" rating and issued a $633.00 price objective on shares of Mastercard in a report on Wednesday, April 2nd. Seaport Res Ptn upgraded Mastercard from a "hold" rating to a "strong-buy" rating in a report on Monday, July 14th. Deutsche Bank Aktiengesellschaft began coverage on shares of Mastercard in a report on Thursday, July 17th. They issued a "buy" rating and a $650.00 target price for the company. Finally, Monness Crespi & Hardt lowered Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. Five research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $612.90.

Mastercard Price Performance

NYSE MA traded up $15.35 on Thursday, hitting $574.46. The company had a trading volume of 2,204,919 shares, compared to its average volume of 2,813,189. The company has a market capitalization of $523.74 billion, a PE ratio of 40.38, a PEG ratio of 2.44 and a beta of 1.02. The company's fifty day moving average price is $564.74 and its 200-day moving average price is $550.97. 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 12-month low of $439.59 and a 12-month high of $594.71.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping the consensus estimate of $4.05 by $0.10. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The business's revenue was up 16.8% compared to the same quarter last year. During the same period last year, the firm posted $3.50 earnings per share. As a group, analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders 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 dividend yield of 0.53%. The ex-dividend date of this dividend is Wednesday, July 9th. Mastercard's payout ratio is 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.