Nicolet Advisory Services LLC Increases Stock Position in Mastercard Incorporated (NYSE:MA)

Key Points

• Nicolet Advisory Services LLC increased its stake in Mastercard by 13.4%, owning a total of 4,874 shares valued at approximately $2.43 million as of the end of the last quarter.
• Mastercard's latest earnings report showed an EPS of $4.15, exceeding analysts' expectations and marking a 16.8% revenue increase year-over-year to $8.13 billion.
• A quarterly dividend of $0.76 per share was announced, reflecting an annualized yield of 0.5% and a payout ratio of 21.32%.

Nicolet Advisory Services LLC lifted its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 13.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,874 shares of the credit services provider's stock after acquiring an additional 575 shares during the quarter. Nicolet Advisory Services LLC's holdings in Mastercard were worth $2,434,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Whalerock Point Partners LLC raised its position in shares of Mastercard by 1.3% during the 4th quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock worth $7,729,000 after purchasing an additional 185 shares during the last quarter. Fortis Advisors LLC raised its position in shares of Mastercard by 9.4% during the 1st quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider's stock worth $477,000 after purchasing an additional 75 shares during the last quarter. Canandaigua National Trust Co of Florida raised its position in shares of Mastercard by 36.4% during the 1st quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider's stock worth $380,000 after purchasing an additional 185 shares during the last quarter. Kingswood Wealth Advisors LLC raised its position in shares of Mastercard by 18.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 6,870 shares of the credit services provider's stock worth $3,766,000 after purchasing an additional 1,047 shares during the last quarter. Finally, Baldwin Investment Management LLC raised its position in shares of Mastercard by 5.7% during the 4th quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider's stock worth $911,000 after purchasing an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Analyst Ratings Changes

MA has been the subject of several research reports. Truist Financial cut their price objective on Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a research report on Thursday, July 17th. KeyCorp boosted their price target on Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Citigroup boosted their price target on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a report on Monday, May 5th. Seaport Res Ptn upgraded Mastercard from a "hold" rating to a "strong-buy" rating in a report on Monday, July 14th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $650.00 price target on shares of Mastercard in a report on Tuesday, July 15th. Five 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $612.90.

Insider Activity

In related news, insider Linda Pistecchia Kirkpatrick sold 959 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $572.86, for a total value of $549,372.74. Following the completion of the transaction, the insider owned 25,540 shares of the company's stock, valued at approximately $14,630,844.40. This trade represents a 3.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Julius Genachowski sold 312 shares of Mastercard 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 sale, the director directly owned 8,469 shares of the company's stock, valued at $4,833,004.23. This trade represents a 3.55% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,753 shares of company stock worth $20,351,084. Company insiders own 0.09% of the company's stock.

Mastercard Trading Up 1.3%

Shares of NYSE:MA opened at $566.16 on Friday. The stock has a market capitalization of $516.17 billion, a price-to-earnings ratio of 39.70, a PEG ratio of 2.42 and a beta of 1.02. Mastercard Incorporated has a 1-year low of $439.59 and a 1-year high of $594.71. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11. The company has a 50 day moving average price of $564.67 and a 200 day moving average price of $551.39.

Mastercard (NYSE:MA - Get Free Report) last issued its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, topping analysts' consensus estimates of $4.05 by $0.10. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The firm had revenue of $8.13 billion during the quarter, compared to analysts' expectations of $7.95 billion. During the same period last year, the firm posted $3.50 earnings per share. The firm's revenue for the quarter was up 16.8% compared to the same quarter last year. On average, research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard's dividend payout ratio (DPR) is currently 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.

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