458 Shares in Mastercard Incorporated (NYSE:MA) Acquired by Pasadena Private Wealth LLC

Key Points

• Pasadena Private Wealth LLC invested approximately $251,000 in Mastercard by acquiring 458 shares in the first quarter, marking a new position for the firm.
• In the latest quarter, Mastercard reported earnings of $4.15 per share, exceeding analysts' expectations of $4.05, with revenues reaching $8.13 billion.
• Mastercard recently announced a quarterly dividend of $0.76 per share, resulting in an annualized yield of 0.5%, with a payout ratio of 21.32%.

Pasadena Private Wealth LLC acquired a new stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 458 shares of the credit services provider's stock, valued at approximately $251,000.

A number of other large investors have also recently made changes to their positions in the stock. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of Mastercard by 9.5% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,402 shares of the credit services provider's stock worth $2,961,000 after purchasing an additional 470 shares during the last quarter. Harbour Investments Inc. increased its holdings in shares of Mastercard by 2.0% in the first quarter. Harbour Investments Inc. now owns 9,651 shares of the credit services provider's stock worth $5,290,000 after purchasing an additional 192 shares during the last quarter. HHM Wealth Advisors LLC increased its holdings in shares of Mastercard by 7.0% in the first quarter. HHM Wealth Advisors LLC now owns 844 shares of the credit services provider's stock worth $463,000 after purchasing an additional 55 shares during the last quarter. MGO One Seven LLC increased its holdings in shares of Mastercard by 3.5% in the first quarter. MGO One Seven LLC now owns 18,382 shares of the credit services provider's stock worth $10,075,000 after purchasing an additional 617 shares during the last quarter. Finally, Lyell Wealth Management LP increased its holdings in shares of Mastercard by 8.7% in the first quarter. Lyell Wealth Management LP now owns 16,940 shares of the credit services provider's stock worth $9,285,000 after purchasing an additional 1,362 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on MA shares. Deutsche Bank Aktiengesellschaft initiated coverage on Mastercard in a report on Thursday, July 17th. They issued a "buy" rating and a $650.00 target price on the stock. Macquarie reduced their price objective on 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 research note on Monday, June 23rd. Truist Financial cut their price objective on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a research report on Thursday, July 17th. Finally, KeyCorp raised their target price on shares of Mastercard from $635.00 to $660.00 and gave the stock an "overweight" rating in a report on Friday. Five investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Mastercard currently has a consensus rating of "Moderate Buy" and an average price target of $615.33.

Insider Buying and Selling at Mastercard

In other news, insider Raj Seshadri sold 1,100 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $546.77, for a total transaction of $601,447.00. Following the completion of the sale, the insider owned 12,921 shares in the company, valued at $7,064,815.17. This trade represents a 7.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was 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 $14,630,844.40. The trade was a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,753 shares of company stock valued at $20,351,084. Company insiders own 0.09% of the company's stock.

Mastercard Stock Performance

NYSE:MA traded down $6.74 during mid-day trading on Friday, hitting $559.73. The company's stock had a trading volume of 3,316,713 shares, compared to its average volume of 2,427,760. 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 2.41, a current ratio of 1.16 and a quick ratio of 1.11. The stock has a market cap of $510.31 billion, a price-to-earnings ratio of 37.74, a PEG ratio of 2.43 and a beta of 1.03. The business's fifty day moving average is $564.58 and its two-hundred day moving average is $551.95.

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

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, July 9th. Mastercard's dividend payout ratio (DPR) is 21.32%.

Mastercard Company 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.