Okabena Investment Services Inc. Acquires 4,393 Shares of Mastercard Incorporated $MA

Key Points

• Okabena Investment Services Inc. increased its holdings in Mastercard by 100.4% during the first quarter, owning a total of 8,768 shares valued at approximately $4.8 million.
• Mastercard reported earnings per share of $4.15 for the last quarter, exceeding the consensus estimate of $4.05, while also achieving a revenue of $8.13 billion, surpassing analyst expectations.
• The company recently announced a quarterly dividend of $0.76 per share, representing a dividend yield of 0.5% and a payout ratio of 20.50%.

Okabena Investment Services Inc. boosted its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 100.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,768 shares of the credit services provider's stock after buying an additional 4,393 shares during the quarter. Mastercard accounts for approximately 1.2% of Okabena Investment Services Inc.'s portfolio, making the stock its 19th largest holding. Okabena Investment Services Inc.'s holdings in Mastercard were worth $4,806,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of MA. Measured Risk Portfolios Inc. acquired a new position in Mastercard during the fourth quarter worth approximately $31,000. Keystone Global Partners LLC acquired a new position in Mastercard during the first quarter worth approximately $31,000. Navigoe LLC acquired a new stake in shares of Mastercard in the fourth quarter worth $33,000. 10Elms LLP acquired a new stake in shares of Mastercard in the fourth quarter worth $33,000. Finally, Hughes Financial Services LLC acquired a new stake in shares of Mastercard in the first quarter worth $34,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on MA. Wells Fargo & Company boosted their price target on shares of Mastercard from $625.00 to $650.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft started coverage on shares of Mastercard in a report on Thursday, July 17th. They issued a "buy" rating and a $650.00 target price on the stock. KeyCorp lifted their target price on shares of Mastercard from $635.00 to $660.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Jefferies Financial Group reissued a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of Mastercard in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $617.93.

Mastercard Price Performance

Shares of MA stock traded down $7.57 during mid-day trading on Tuesday, reaching $587.72. The company's stock had a trading volume of 908,794 shares, compared to its average volume of 2,782,838. The company has a market cap of $531.30 billion, a P/E ratio of 39.60, a PEG ratio of 2.44 and a beta of 0.99. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The firm's 50-day moving average is $569.45 and its two-hundred day moving average is $556.79. Mastercard Incorporated has a 1-year low of $465.59 and a 1-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, topping analysts' consensus estimates 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 net margin of 44.93% and a return on equity of 200.01%. The firm's revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter last year, the company posted $3.50 EPS. On average, research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th were issued a dividend of $0.76 per share. The ex-dividend date of this dividend was Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard's dividend payout ratio is currently 20.50%.

Insider Activity

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the sale, the chief financial officer owned 31,234 shares of the company's stock, valued at $18,330,922.26. This represents a 36.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Raj Seshadri sold 1,100 shares of the stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $546.77, for a total transaction of $601,447.00. Following the sale, the insider directly owned 12,921 shares in the company, valued at approximately $7,064,815.17. This represents a 7.85% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,269 shares of company stock worth $30,634,699. 0.09% of the stock is currently 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.