Redwood Investment Management LLC Has $934,000 Stock Position in Mastercard Incorporated $MA

Key Points

• Redwood Investment Management LLC has significantly increased its stake in Mastercard by 43.0%, now owning 1,705 shares valued at approximately $934,000.
• Mastercard reported a better-than-expected quarterly earnings of $4.15 earnings per share, exceeding analyst estimates, with a revenue of $8.13 billion for the quarter.
• The company recently announced a quarterly dividend of $0.76 per share, with a current payout ratio of 20.50%.

Redwood Investment Management LLC increased its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 43.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,705 shares of the credit services provider's stock after purchasing an additional 513 shares during the period. Redwood Investment Management LLC's holdings in Mastercard were worth $934,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Keystone Global Partners LLC acquired a new position in shares of Mastercard in the 1st quarter valued at approximately $31,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Mastercard during the 4th quarter worth approximately $31,000. 10Elms LLP bought a new position in Mastercard in the fourth quarter valued at approximately $33,000. Hughes Financial Services LLC acquired a new position in Mastercard during the first quarter valued at approximately $34,000. Finally, Navigoe LLC acquired a new position in Mastercard during the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Price Performance

MA stock opened at $591.53 on Thursday. The company has a fifty day moving average price of $566.06 and a 200-day moving average price of $556.30. The company has a market capitalization of $534.75 billion, a P/E ratio of 39.89, a PEG ratio of 2.43 and a beta of 1.03. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16.

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

Mastercard Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Wednesday, July 9th. Mastercard's payout ratio is presently 20.50%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on MA shares. Royal Bank Of Canada raised their target price on Mastercard from $650.00 to $656.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Seaport Res Ptn raised Mastercard from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 14th. The Goldman Sachs Group reiterated a "buy" rating on shares of Mastercard in a research report on Friday, August 1st. UBS Group boosted their target price on Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Finally, Wolfe Research set a $655.00 price target on shares of Mastercard in a research note on Monday, June 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $617.93.

Insiders Place Their Bets

In other Mastercard 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 value of $601,447.00. Following the transaction, the insider directly owned 12,921 shares of the company's stock, valued at approximately $7,064,815.17. The trade was a 7.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $560.00, for a total transaction of $536,480.00. Following the sale, the insider directly owned 23,624 shares of the company's stock, valued at approximately $13,229,440. This trade represents a 3.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 56,269 shares of company stock valued at $30,634,699 in the last 90 days. Company 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.

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.