Sage Mountain Advisors LLC Increases Holdings in Mastercard Incorporated $MA

Key Points

• Sage Mountain Advisors LLC has increased its stake in Mastercard by 12.5%, acquiring an additional 641 shares, bringing their total holdings to 5,782 shares valued at approximately $3.25 million.
• Mastercard's CFO, J. Mehra Sachin, sold 17,816 shares at an average price of $586.89, resulting in a significant reduction of 36.32% in personal holdings.
• Several analysts have upgraded Mastercard's rating recently, with a consensus target price of $638.96, indicating positive market sentiment toward the stock.

Sage Mountain Advisors LLC raised its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 12.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,782 shares of the credit services provider's stock after buying an additional 641 shares during the period. Sage Mountain Advisors LLC's holdings in Mastercard were worth $3,249,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in MA. Brighton Jones LLC increased its stake in shares of Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock worth $3,594,000 after purchasing an additional 2,028 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Mastercard by 19.9% in the 1st quarter. GAMMA Investing LLC now owns 15,007 shares of the credit services provider's stock worth $8,226,000 after purchasing an additional 2,493 shares in the last quarter. Pure Financial Advisors LLC increased its stake in shares of Mastercard by 27.6% in the 1st quarter. Pure Financial Advisors LLC now owns 1,613 shares of the credit services provider's stock worth $884,000 after purchasing an additional 349 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Mastercard by 1.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 21,092 shares of the credit services provider's stock worth $11,561,000 after purchasing an additional 327 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV increased its stake in shares of Mastercard by 18.9% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 641 shares of the credit services provider's stock worth $351,000 after purchasing an additional 102 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction dated Tuesday, August 19th. The shares were 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 owned 31,234 shares of the company's stock, valued at $18,330,922.26. This represents a 36.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

MA has been the subject of several analyst reports. Wall Street Zen upgraded Mastercard from a "hold" rating to a "buy" rating in a research note on Saturday, October 18th. Truist Financial set a $638.00 target price on shares of Mastercard in a report on Friday. Morgan Stanley upped their target price on shares of Mastercard from $639.00 to $661.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. TD Cowen reaffirmed a "buy" rating and issued 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 shares of Mastercard from $640.00 to $660.00 and gave the stock an "outperform" rating in a report on Monday, October 6th. Five research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $638.96.

Mastercard Stock Down 0.0%

MA opened at $573.72 on Friday. The firm has a 50-day simple moving average of $579.51 and a two-hundred day simple moving average of $565.40. 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 $518.65 billion, a PE ratio of 38.69, a price-to-earnings-growth ratio of 2.35 and a beta of 0.97. 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. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. During the same quarter in the prior year, the firm earned $3.50 EPS. The business's revenue was up 16.8% on a year-over-year basis. Analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

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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