Robertson Stephens Wealth Management LLC Increases Position in Mastercard Incorporated $MA

Key Points

• Robertson Stephens Wealth Management LLC increased its position in Mastercard by 64.3% during Q2, now owning 3,755 shares worth approximately $2.11 million.
• Several analysts have rated Mastercard, with a consensus target price of $634.04 and most analysts recommending a "Buy" rating.
• Mastercard reported better-than-expected earnings with an EPS of $4.15 for the last quarter, surpassing estimates and showing a year-over-year revenue increase of 16.8%.

Robertson Stephens Wealth Management LLC lifted its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 64.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,755 shares of the credit services provider's stock after acquiring an additional 1,470 shares during the quarter. Robertson Stephens Wealth Management LLC's holdings in Mastercard were worth $2,110,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Accredited Investors Inc. increased its holdings in Mastercard by 2.6% in the first quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider's stock valued at $394,000 after buying an additional 18 shares during the last quarter. Wealthstream Advisors Inc. increased its holdings in Mastercard by 2.9% in the first 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. KRS Capital Management LLC increased its holdings in Mastercard by 0.6% in the second quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider's stock valued at $1,601,000 after buying an additional 18 shares during the last quarter. Pinion Investment Advisors LLC increased its holdings in Mastercard by 0.8% in the second quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider's stock valued at $1,276,000 after buying an additional 18 shares during the last quarter. Finally, Phillips Wealth Planners LLC increased its holdings in Mastercard by 1.8% in the first quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider's stock valued at $538,000 after buying an additional 19 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on MA shares. The Goldman Sachs Group reissued a "buy" rating on shares of Mastercard in a report on Friday, August 1st. Wolfe Research set a $655.00 target price on Mastercard in a report on Monday, June 23rd. Wall Street Zen lowered Mastercard from a "buy" rating to a "hold" rating in a report on Friday, September 26th. TD Cowen reaffirmed a "buy" rating and set a $645.00 target price on shares of Mastercard in a report on Monday, August 11th. Finally, Robert W. Baird upped their target price on Mastercard from $640.00 to $660.00 and gave the company an "outperform" rating in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Mastercard currently has an average rating of "Buy" and a consensus target price of $634.04.

Mastercard Stock Performance

Shares of NYSE MA opened at $556.80 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The stock has a 50 day simple moving average of $581.01 and a 200-day simple moving average of $562.77. The company has a market cap of $503.35 billion, a PE ratio of 37.55, a P/E/G ratio of 2.31 and a beta of 0.97. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77.

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 (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.10. The business 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 business's revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the firm posted $3.50 earnings per share. On average, equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be given a dividend of $0.76 per share. The ex-dividend date is Thursday, October 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. Mastercard's payout ratio is currently 20.50%.

Insider Activity

In other news, CFO J. Mehra Sachin sold 17,816 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the completion of the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,330,922.26. The trade was a 36.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.09% of the company's stock.

Mastercard 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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