Peak Financial Advisors LLC Takes Position in Mastercard Incorporated $MA

Key Points

• Peak Financial Advisors LLC has acquired a new stake in Mastercard, purchasing 794 shares valued at approximately $446,000 during the second quarter.
• Mastercard reported $4.15 EPS in its latest quarterly earnings, exceeding the consensus estimate and marking a 16.8% increase in revenue year-over-year.
• Institutional investors and hedge funds control 97.28% of Mastercard's stock, indicating strong institutional interest in the company.

Peak Financial Advisors LLC purchased a new stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 794 shares of the credit services provider's stock, valued at approximately $446,000.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC raised its position in shares of Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock worth $3,594,000 after acquiring an additional 2,028 shares during the last quarter. Bank Pictet & Cie Europe AG raised its position in shares of Mastercard by 11.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider's stock worth $37,108,000 after acquiring an additional 7,452 shares during the last quarter. Mascagni Wealth Management Inc. bought a new position in shares of Mastercard during the fourth quarter worth about $73,000. Trustco Bank Corp N Y bought a new position in shares of Mastercard during the fourth quarter worth about $211,000. Finally, Redwood Investment Management LLC raised its position in shares of Mastercard by 58.3% during the fourth quarter. Redwood Investment Management LLC now owns 1,192 shares of the credit services provider's stock worth $628,000 after acquiring an additional 439 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Trading Down 1.4%

NYSE MA opened at $580.75 on Friday. The company has a market cap of $525.00 billion, a price-to-earnings ratio of 39.16, a P/E/G ratio of 2.41 and a beta of 0.99. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The business has a 50 day moving average price of $574.60 and a 200-day moving average price of $558.33. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41.

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

Mastercard Dividend Announcement

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

Wall Street Analysts Forecast Growth

MA has been the subject of a number of analyst reports. Truist Financial lowered their price objective on Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a research report on Thursday, July 17th. Morgan Stanley lifted their target price on Mastercard from $639.00 to $661.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Wells Fargo & Company lifted their target price on Mastercard from $625.00 to $650.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. KeyCorp lifted their target price on Mastercard from $635.00 to $660.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Finally, UBS Group lifted their target price on Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Mastercard has an average rating of "Moderate Buy" and an average price target of $626.54.

Insider Activity

In other news, insider Raj Seshadri sold 1,100 shares of the business's 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 completion of the sale, the insider owned 12,921 shares in the company, valued at $7,064,815.17. The trade was a 7.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Craig Vosburg sold 9,428 shares of the business's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $353.05, for a total value of $3,328,555.40. Following the sale, the insider owned 58,451 shares of the company's stock, valued at approximately $20,636,125.55. This represents a 13.89% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,094 shares of company stock valued at $26,521,861. Corporate insiders own 0.09% of the company's stock.

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.

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