Mutual Advisors LLC Has $3.44 Million Stock Position in Mastercard Incorporated $MA

Key Points

• Mutual Advisors LLC increased its holdings in Mastercard by 9.1%, now owning 6,053 shares valued at approximately $3.44 million.
• Mastercard reported a quarterly earnings per share of $4.15, surpassing estimates, as revenue rose by 16.8% year-over-year to $8.13 billion.
• The company declared a quarterly dividend of $0.76 per share, expected to be paid out on November 7th, representing a 0.5% dividend yield.

Mutual Advisors LLC boosted its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 9.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,053 shares of the credit services provider's stock after purchasing an additional 505 shares during the period. Mutual Advisors LLC's holdings in Mastercard were worth $3,439,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Accredited Investors Inc. grew its holdings in Mastercard by 2.6% during the first quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider's stock worth $394,000 after purchasing an additional 18 shares during the period. Wealthstream Advisors Inc. grew its holdings in Mastercard by 2.9% during the first quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider's stock worth $347,000 after purchasing an additional 18 shares during the period. KRS Capital Management LLC grew its holdings in Mastercard by 0.6% during the second quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider's stock worth $1,601,000 after purchasing an additional 18 shares during the period. Pinion Investment Advisors LLC grew its holdings in Mastercard by 0.8% during the second quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider's stock worth $1,276,000 after purchasing an additional 18 shares during the period. Finally, Phillips Wealth Planners LLC grew its holdings in Mastercard by 1.8% during the first quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider's stock worth $538,000 after purchasing an additional 19 shares during the period. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Trading Down 0.8%

Shares of NYSE:MA opened at $563.30 on Thursday. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The stock has a market cap of $509.23 billion, a PE ratio of 37.98, a P/E/G ratio of 2.33 and a beta of 0.97. The business has a 50 day moving average of $580.71 and a 200-day moving average of $563.06. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.05 by $0.10. The business had revenue of $8.13 billion during the quarter, compared to analysts' expectations of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm's revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the previous year, the company posted $3.50 earnings per share. As a group, equities research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard's payout ratio is 20.50%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wall Street Zen cut Mastercard from a "buy" rating to a "hold" rating in a report on Friday, September 26th. Royal Bank Of Canada lifted their price target on Mastercard from $650.00 to $656.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft assumed coverage on Mastercard in a report on Thursday, July 17th. They set a "buy" rating and a $650.00 price target for the company. Wells Fargo & Company lifted their price target on Mastercard from $625.00 to $650.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Mastercard in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $634.04.

Insider Activity

In related news, CFO J. Mehra Sachin sold 17,263 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was 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. The trade was a 35.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.09% of the company's stock.

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.

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