Natixis Advisors LLC Has $347.02 Million Stake in Mastercard Incorporated (NYSE:MA)

Key Points

• Natixis Advisors LLC increased its holdings in Mastercard by 6.4% in Q1, owning 633,105 shares valued at approximately $347 million, making it the firm's 22nd largest investment.
• Mastercard reported a quarterly earnings per share of $3.73, exceeding estimates, with revenue of $7.25 billion, marking a year-over-year increase of 14.2%.
• The company declared a quarterly dividend of $0.76 per share, reflecting an annualized yield of 0.54%, with the payout scheduled for August 8th.

Natixis Advisors LLC boosted its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 6.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 633,105 shares of the credit services provider's stock after purchasing an additional 38,116 shares during the quarter. Mastercard accounts for approximately 0.6% of Natixis Advisors LLC's holdings, making the stock its 22nd biggest position. Natixis Advisors LLC owned 0.07% of Mastercard worth $347,018,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Accredited Investors Inc. boosted its position in shares of Mastercard by 2.6% during the 1st quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider's stock valued at $394,000 after acquiring an additional 18 shares in the last quarter. Wealthstream Advisors Inc. lifted its holdings in Mastercard by 2.9% during the 1st quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider's stock valued at $347,000 after purchasing an additional 18 shares during the last quarter. Phillips Wealth Planners LLC lifted its holdings in Mastercard by 1.8% during the 1st quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider's stock valued at $538,000 after purchasing an additional 19 shares during the last quarter. Alta Wealth Advisors LLC boosted its position in Mastercard by 3.6% in the first quarter. Alta Wealth Advisors LLC now owns 540 shares of the credit services provider's stock valued at $296,000 after buying an additional 19 shares in the last quarter. Finally, May Hill Capital LLC grew its stake in Mastercard by 2.0% during the first quarter. May Hill Capital LLC now owns 986 shares of the credit services provider's stock worth $540,000 after buying an additional 19 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Down 1.6%

MA traded down $8.79 during trading hours on Friday, hitting $557.68. 497,728 shares of the company's stock were exchanged, compared to its average volume of 2,812,396. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81. Mastercard Incorporated has a 1-year low of $439.59 and a 1-year high of $594.71. The stock's 50-day moving average is $564.67 and its two-hundred day moving average is $551.39. The stock has a market cap of $508.44 billion, a price-to-earnings ratio of 39.19, a PEG ratio of 2.42 and a beta of 1.02.

Mastercard (NYSE:MA - Get Free Report) last released 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. The business had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. Mastercard's quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.50 earnings per share. Sell-side analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, July 9th. Mastercard's dividend payout ratio is 21.32%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. 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 research note on Tuesday, June 3rd. Citigroup lifted their price objective on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Royal Bank Of Canada restated an "outperform" rating and set a $650.00 target price on shares of Mastercard in a report on Tuesday, July 15th. Seaport Res Ptn upgraded Mastercard from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 14th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Mastercard in a report on Thursday, July 17th. They issued a "buy" rating and a $650.00 price target for the company. Five equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $613.73.

Insider Activity

In other Mastercard news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the company's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $560.00, for a total value of $536,480.00. Following the sale, the insider owned 23,624 shares in the company, valued at $13,229,440. This represents a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Craig Vosburg sold 9,428 shares of Mastercard stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $353.05, for a total value of $3,328,555.40. Following the transaction, the insider owned 58,451 shares of the company's stock, valued at $20,636,125.55. This represents a 13.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,753 shares of company stock valued at $20,351,084. 0.09% of the stock is owned by insiders.

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.