Moss Adams Wealth Advisors LLC Purchases 533 Shares of Mastercard Incorporated $MA

Key Points

• Moss Adams Wealth Advisors LLC increased its stake in Mastercard by 10.6%, acquiring 533 additional shares, bringing its total holdings to 5,554 shares valued at approximately $3.12 million.
• Mastercard reported a strong earnings quarter, with $4.15 EPS exceeding analysts' estimates and revenue of $8.13 billion, a 16.8% year-over-year increase.
• Recent analyst ratings indicate a consensus of "Buy" for Mastercard, with two Strong Buy ratings and an average target price set at $630.89 per share.

Moss Adams Wealth Advisors LLC boosted its position in Mastercard Incorporated (NYSE:MA - Free Report) by 10.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,554 shares of the credit services provider's stock after acquiring an additional 533 shares during the period. Moss Adams Wealth Advisors LLC's holdings in Mastercard were worth $3,121,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MA. Brighton Jones LLC boosted its holdings in Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock valued at $3,594,000 after acquiring an additional 2,028 shares during the last quarter. Peoples Bank KS boosted its holdings in Mastercard by 9.8% in the first quarter. Peoples Bank KS now owns 2,023 shares of the credit services provider's stock valued at $1,109,000 after acquiring an additional 180 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in Mastercard by 3.9% in the first quarter. Fifth Third Wealth Advisors LLC now owns 20,833 shares of the credit services provider's stock valued at $11,419,000 after acquiring an additional 773 shares during the last quarter. Aletheian Wealth Advisors LLC boosted its holdings in Mastercard by 14.1% in the first quarter. Aletheian Wealth Advisors LLC now owns 946 shares of the credit services provider's stock valued at $519,000 after acquiring an additional 117 shares during the last quarter. Finally, Czech National Bank boosted its holdings in Mastercard by 5.2% in the first quarter. Czech National Bank now owns 187,055 shares of the credit services provider's stock valued at $102,529,000 after acquiring an additional 9,329 shares during the last quarter. Institutional investors own 97.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MA. The Goldman Sachs Group restated a "buy" rating on shares of Mastercard in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft began coverage on Mastercard in a report on Thursday, July 17th. They set a "buy" rating and a $650.00 target price on the stock. Seaport Res Ptn upgraded Mastercard from a "hold" rating to a "strong-buy" rating in a report on Monday, July 14th. TD Cowen restated a "buy" rating and set a $645.00 target price on shares of Mastercard in a report on Monday, August 11th. Finally, Royal Bank Of Canada raised their target price on Mastercard from $650.00 to $656.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $630.89.

Insider Buying and Selling

In related news, Director Julius Genachowski sold 312 shares of Mastercard stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the sale, the director owned 8,469 shares of the company's stock, valued at approximately $4,833,004.23. This trade represents a 3.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total value of $10,202,433.00. Following the completion of the sale, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,459,294. This represents a 35.60% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 35,391 shares of company stock worth $20,836,514. 0.09% of the stock is owned by insiders.

Mastercard Trading Down 0.3%

NYSE MA opened at $565.63 on Monday. The firm has a market cap of $511.34 billion, a P/E ratio of 38.14, a P/E/G ratio of 2.32 and a beta of 0.99. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The stock's 50-day moving average is $579.00 and its 200-day moving average is $560.57. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77.

Mastercard (NYSE:MA - Get Free Report) last announced 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 return on equity of 200.01% and a net margin of 44.93%.The business had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. During the same quarter last year, the firm earned $3.50 EPS. Mastercard's revenue for the quarter was up 16.8% compared to the same quarter last year. Sell-side analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard's dividend payout ratio (DPR) is currently 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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