Peterson Wealth Management Has $4.13 Million Stake in Mastercard Incorporated $MA

Key Points

• Peterson Wealth Management has decreased its stake in Mastercard by 31.1%, now holding $4.13 million worth with 7,525 shares, making Mastercard approximately 2.8% of their investment portfolio.
• Mastercard reported a strong Q2 earnings report with $4.15 earnings per share, surpassing estimates, and a revenue of $8.13 billion, reflecting a 16.8% increase year-over-year.
• The company announced a quarterly dividend of $0.76 per share, with a payout ratio of 20.50%, and currently has a stock price target consensus of $617.93 from analysts.

Peterson Wealth Management reduced its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 31.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,525 shares of the credit services provider's stock after selling 3,404 shares during the period. Mastercard makes up about 2.8% of Peterson Wealth Management's investment portfolio, making the stock its 12th biggest position. Peterson Wealth Management's holdings in Mastercard were worth $4,125,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Flaharty Asset Management LLC acquired a new position in Mastercard in the first quarter valued at approximately $27,000. Keystone Global Partners LLC acquired a new position in Mastercard in the first quarter valued at approximately $31,000. Measured Risk Portfolios Inc. bought a new stake in Mastercard in the fourth quarter valued at approximately $31,000. 10Elms LLP bought a new stake in Mastercard in the fourth quarter valued at approximately $33,000. Finally, Hughes Financial Services LLC bought a new stake in Mastercard in the first quarter valued at approximately $34,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Up 1.1%

Mastercard stock opened at $598.1480 on Monday. The company's 50-day moving average is $564.03 and its 200-day moving average is $555.58. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market capitalization of $540.73 billion, a PE ratio of 40.33, a P/E/G ratio of 2.46 and a beta of 1.03. Mastercard Incorporated has a fifty-two week low of $461.90 and a fifty-two week high of $601.77.

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 analysts' consensus estimates of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company had revenue of $8.13 billion during the quarter, compared to analysts' expectations of $7.95 billion. During the same quarter last year, the company posted $3.50 EPS. Mastercard's quarterly revenue was up 16.8% compared to the same quarter last year. Sell-side analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

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

Insider Transactions at Mastercard

In other Mastercard news, Director Julius Genachowski sold 312 shares of the firm's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the transaction, the director directly owned 8,469 shares of the company's stock, valued at $4,833,004.23. This trade represents a 3.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Craig Vosburg sold 14,051 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $585.05, for a total transaction 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 represents a 19.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 56,269 shares of company stock worth $30,634,699. Corporate insiders own 0.09% of the company's stock.

Analysts Set New Price Targets

MA has been the subject of several recent analyst reports. Wall Street Zen raised shares of Mastercard from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Morgan Stanley increased their price objective on shares of Mastercard from $639.00 to $661.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft began coverage on shares of Mastercard in a research report on Thursday, July 17th. They set a "buy" rating and a $650.00 price objective for the company. TD Cowen reaffirmed a "buy" rating and issued a $645.00 target price on shares of Mastercard in a research report on Monday, August 11th. Finally, KeyCorp raised their target price on shares of Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $617.93.

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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