Pines Wealth Management LLC Raises Stock Position in Mastercard Incorporated $MA

Key Points

• Pines Wealth Management LLC increased its stake in Mastercard by 23.9%, now holding 2,234 shares worth approximately $1.27 million.
• Insider trading activity included CFO J. Mehra Sachin selling 17,816 shares for over $10 million, representing a 36.32% decrease in his holdings.
• Mastercard's recent earnings beat analyst expectations, reporting $4.15 EPS and revenue of $8.13 billion, during the last quarter.

Pines Wealth Management LLC increased its position in Mastercard Incorporated (NYSE:MA - Free Report) by 23.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,234 shares of the credit services provider's stock after purchasing an additional 431 shares during the quarter. Pines Wealth Management LLC's holdings in Mastercard were worth $1,272,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Accredited Investors Inc. lifted its holdings in Mastercard by 2.6% during the 1st quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider's stock valued at $394,000 after purchasing an additional 18 shares during the last quarter. Wealthstream Advisors Inc. grew its stake in Mastercard by 2.9% in the 1st quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider's stock valued at $347,000 after buying an additional 18 shares during the last quarter. Phillips Wealth Planners LLC raised its holdings in Mastercard by 1.8% in the 1st quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider's stock valued at $538,000 after acquiring an additional 19 shares during the period. Alta Wealth Advisors LLC lifted its position in Mastercard by 3.6% during the first quarter. Alta Wealth Advisors LLC now owns 540 shares of the credit services provider's stock worth $296,000 after acquiring an additional 19 shares during the last quarter. Finally, May Hill Capital LLC boosted its holdings in shares of Mastercard by 2.0% during the first quarter. May Hill Capital LLC now owns 986 shares of the credit services provider's stock worth $540,000 after acquiring an additional 19 shares during the period. Institutional investors own 97.28% of the company's stock.

Insider Activity at Mastercard

In related news, insider Linda Pistecchia Kirkpatrick sold 958 shares of Mastercard stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $560.00, for a total value of $536,480.00. Following the sale, the insider owned 23,624 shares of the company's stock, valued at approximately $13,229,440. The trade was a 3.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Julius Genachowski sold 312 shares of Mastercard stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $570.67, for a total transaction of $178,049.04. Following the completion of the sale, the director directly owned 8,469 shares in the company, valued at $4,833,004.23. This trade represents a 3.55% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,717 shares of company stock worth $22,684,831. 0.09% of the stock is currently owned by company insiders.

Mastercard Stock Down 0.4%

Mastercard stock traded down $2.17 during trading on Friday, hitting $583.88. 6,744,713 shares of the company were exchanged, compared to its average volume of 2,785,187. The business's 50 day moving average is $576.55 and its 200 day moving average is $558.89. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The company has a market capitalization of $527.83 billion, a P/E ratio of 39.37, a PEG ratio of 2.45 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 issued its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating analysts' consensus estimates of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. During the same period last year, the business posted $3.50 earnings per share. Mastercard's revenue was up 16.8% on a year-over-year basis. Analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 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 is Thursday, October 9th. Mastercard's payout ratio is presently 20.50%.

Analyst Ratings Changes

MA has been the topic of a number of analyst reports. Wolfe Research set a $655.00 target price on shares of Mastercard in a research report on Monday, June 23rd. KeyCorp increased their price objective on shares of Mastercard from $635.00 to $660.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. UBS Group upped their price target on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Royal Bank Of Canada boosted their price objective on shares of Mastercard from $650.00 to $656.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Finally, Wall Street Zen raised Mastercard from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price 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.