Park Place Capital Corp Has $306,000 Position in Mastercard Incorporated $MA

Key Points

• Park Place Capital Corp reduced its holdings in Mastercard by 65.4% during the second quarter, ending with a position worth $306,000 after selling 1,026 shares.
• Mastercard's recent earnings report showed an EPS of $4.15, exceeding expectations and reflecting a year-over-year revenue increase of 16.8%.
• The company announced a quarterly dividend of $0.76, with an annualized yield of 0.5%, set to be paid on November 7th to stockholders of record on October 9th.

Park Place Capital Corp reduced its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 65.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 542 shares of the credit services provider's stock after selling 1,026 shares during the period. Park Place Capital Corp's holdings in Mastercard were worth $306,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of MA. Family Legacy Financial Solutions LLC acquired a new stake in shares of Mastercard in the second quarter valued at approximately $26,000. Flaharty Asset Management LLC bought a new position in Mastercard during the 1st quarter worth $27,000. Keystone Global Partners LLC bought a new position in Mastercard during the 1st quarter worth $31,000. Hughes Financial Services LLC acquired a new stake in shares of Mastercard in the 1st quarter valued at $34,000. Finally, 1 North Wealth Services LLC acquired a new stake in shares of Mastercard in the 1st quarter valued at $44,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Up 0.2%

Shares of NYSE:MA opened at $569.29 on Wednesday. The stock's 50-day moving average price is $579.48 and its 200-day moving average price is $560.91. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The stock has a market capitalization of $514.64 billion, a P/E ratio of 38.39, a price-to-earnings-growth ratio of 2.33 and a beta of 0.99. 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 (NYSE:MA - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $8.13 billion for the quarter, compared to analysts' expectations of $7.95 billion. During the same period in the previous year, the firm posted $3.50 EPS. The business's revenue was up 16.8% on a year-over-year basis. On average, equities analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard's dividend payout ratio is 20.50%.

Insider Buying and Selling at Mastercard

In related news, Director Julius Genachowski sold 312 shares of the company's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the transaction, the director owned 8,469 shares of the company's stock, valued at approximately $4,833,004.23. This represents a 3.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction, the chief financial officer directly owned 31,234 shares of the company's stock, valued at $18,330,922.26. This trade represents a 36.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,391 shares of company stock valued at $20,836,514 in the last ninety days. 0.09% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Jefferies Financial Group reissued a "buy" rating on shares of Mastercard in a report on Friday, June 6th. UBS Group lifted their price objective on Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Mastercard in a research report on Friday, August 1st. Royal Bank Of Canada boosted their target price on Mastercard from $650.00 to $656.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Finally, Wolfe Research set a $655.00 price objective on Mastercard in a report on Monday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $630.89.

About Mastercard

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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