OneAscent Investment Solutions LLC Buys New Holdings in Mastercard Incorporated (NYSE:MA)

Key Points

• OneAscent Investment Solutions LLC has acquired 1,049 shares of Mastercard valued at approximately $575,000 in the first quarter.
• Mastercard reported a quarterly revenue of $8.13 billion, surpassing analysts' estimates, alongside earnings per share of $4.15, beating expectations by $0.10.
• The firm recently declared a quarterly dividend of $0.76 per share, reflecting a dividend yield of 0.5% and a payout ratio of 20.50%.

OneAscent Investment Solutions LLC acquired a new stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,049 shares of the credit services provider's stock, valued at approximately $575,000.

Several other large investors also recently bought and sold shares of the business. Measured Risk Portfolios Inc. purchased a new stake in Mastercard in the fourth quarter worth about $31,000. Navigoe LLC acquired a new position in shares of Mastercard during the fourth quarter valued at about $33,000. 10Elms LLP acquired a new position in shares of Mastercard during the fourth quarter valued at about $33,000. Hughes Financial Services LLC acquired a new position in Mastercard in the 1st quarter worth approximately $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in Mastercard in the 4th quarter worth approximately $36,000. Institutional investors own 97.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Macquarie dropped their price target on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Wolfe Research set a $655.00 price objective on Mastercard in a report on Monday, June 23rd. Citigroup raised their price objective on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a report on Monday, May 5th. Wells Fargo & Company raised their price objective on Mastercard from $625.00 to $650.00 and gave the company 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. Five analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $617.93.

Mastercard Trading Down 0.3%

Shares of Mastercard stock traded down $1.70 during trading hours on Friday, reaching $582.06. The stock had a trading volume of 2,263,560 shares, compared to its average volume of 2,583,317. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 1 year low of $461.90 and a 1 year high of $594.71. The firm has a market capitalization of $526.19 billion, a price-to-earnings ratio of 39.25, a P/E/G ratio of 2.39 and a beta of 1.03. The firm has a 50 day simple moving average of $563.30 and a two-hundred day simple moving average of $554.68.

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 for the quarter, beating the consensus estimate of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%. The firm had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. During the same quarter in the previous year, the business earned $3.50 EPS. The firm's revenue for the quarter was up 16.8% on a year-over-year basis. As a group, equities research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Wednesday, July 9th were given 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 was Wednesday, July 9th. Mastercard's payout ratio is currently 20.50%.

Insiders Place Their Bets

In related news, insider Raj Seshadri sold 1,100 shares of the stock in a transaction that occurred on 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 $7,064,815.17. This represents a 7.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Craig Vosburg sold 14,051 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $585.05, for a total value of $8,220,537.55. Following the completion of the transaction, the insider directly owned 58,451 shares in the company, valued at approximately $34,196,757.55. This trade represents a 19.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,453 shares of company stock worth $20,178,667 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.