Northside Capital Management LLC Purchases 21,063 Shares of Mastercard Incorporated $MA

Key Points

• Northside Capital Management LLC significantly increased its holdings in Mastercard by purchasing an additional 21,063 shares, bringing its total ownership to 21,566 shares, valued at approximately $12.12 million.
• Mastercard reported strong quarterly earnings, with an EPS of $4.15, surpassing analysts' expectations and showing a 16.8% increase in revenue compared to the previous year.
• The company declared a quarterly dividend of $0.76 per share, which equates to an annualized dividend of $3.04, reflecting a dividend yield of 0.5%.

Northside Capital Management LLC increased its position in Mastercard Incorporated (NYSE:MA - Free Report) by 4,187.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 21,566 shares of the credit services provider's stock after buying an additional 21,063 shares during the period. Mastercard comprises approximately 0.9% of Northside Capital Management LLC's holdings, making the stock its 29th largest position. Northside Capital Management LLC's holdings in Mastercard were worth $12,119,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Mastercard by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider's stock valued at $42,503,787,000 after purchasing an additional 365,537 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of Mastercard in the 2nd quarter valued at about $11,421,213,000. Price T Rowe Associates Inc. MD raised its position in Mastercard by 4.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider's stock worth $11,015,557,000 after purchasing an additional 907,184 shares during the period. Wellington Management Group LLP raised its position in Mastercard by 38.6% in the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider's stock worth $7,413,936,000 after purchasing an additional 3,765,378 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Mastercard by 65,631.5% during the first quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider's stock worth $4,508,636,000 after acquiring an additional 8,213,123 shares during the period. Institutional investors own 97.28% of the company's stock.

Mastercard Price Performance

Shares of MA opened at $569.51 on Wednesday. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The firm's 50 day moving average price is $578.24 and its 200 day moving average price is $559.49. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The company has a market cap of $514.84 billion, a P/E ratio of 38.40, a PEG ratio of 2.40 and a beta of 0.99.

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

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend 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%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on MA shares. Wall Street Zen upgraded shares of Mastercard from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. UBS Group lifted their price objective on shares of Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. KeyCorp boosted their target price on shares of Mastercard from $635.00 to $660.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Seaport Res Ptn upgraded shares of Mastercard from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 14th. Finally, TD Cowen reiterated a "buy" rating and issued a $645.00 target price on shares of Mastercard in a report on Monday, August 11th. Two equities 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $630.89.

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 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. The trade was a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of Mastercard stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $560.00, for a total transaction of $536,480.00. Following the transaction, the insider directly owned 23,624 shares in the company, valued at approximately $13,229,440. This trade represents a 3.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,449 shares of company stock valued at $21,974,441 over the last quarter. 0.09% of the stock is currently owned by company 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.

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