Sagespring Wealth Partners LLC Has $5.51 Million Holdings in Mastercard Incorporated $MA

Key Points

• Sagespring Wealth Partners LLC increased its holdings in Mastercard by 13.7% during Q2, owning 9,811 shares valued at $5.51 million.
• Mastercard recently announced a quarterly dividend of $0.76 per share, with a record date of October 9th and an annualized yield of 0.5%.
• Analysts currently have a favorable outlook for Mastercard, with a majority rating it as a "Buy" and setting an average price target of $634.04.

Sagespring Wealth Partners LLC increased its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 13.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,811 shares of the credit services provider's stock after buying an additional 1,183 shares during the quarter. Sagespring Wealth Partners LLC's holdings in Mastercard were worth $5,513,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Family Legacy Financial Solutions LLC acquired a new position in Mastercard during the second quarter worth $26,000. Flaharty Asset Management LLC bought a new position in shares of Mastercard during the 1st quarter worth approximately $27,000. Keystone Global Partners LLC bought a new position in shares of Mastercard in the first quarter valued at about $31,000. Hughes Financial Services LLC bought a new stake in shares of Mastercard during the first quarter worth approximately $34,000. Finally, 1 North Wealth Services LLC acquired a new position in Mastercard in the 1st quarter valued at $44,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Insider Activity at Mastercard

In related news, CFO J. Mehra Sachin sold 17,263 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the sale, the chief financial officer directly owned 31,234 shares of the company's stock, valued at $18,459,294. This trade represents a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.09% of the stock is owned by company insiders.

Mastercard Stock Up 0.3%

Shares of NYSE:MA opened at $558.89 on Tuesday. 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 Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The stock's 50-day moving average price is $580.79 and its 200-day moving average price is $563.03. The stock has a market capitalization of $505.24 billion, a P/E ratio of 37.69, a price-to-earnings-growth ratio of 2.28 and a beta of 0.97.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating the consensus estimate of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. During the same quarter in the previous year, the company posted $3.50 earnings per share. The business's revenue was up 16.8% on a year-over-year basis. On average, equities analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages recently commented on MA. TD Cowen restated a "buy" rating and issued a $645.00 price target on shares of Mastercard in a research report on Monday, August 11th. Deutsche Bank Aktiengesellschaft started coverage on shares of Mastercard in a research note on Thursday, July 17th. They set a "buy" rating and a $650.00 price target for the company. Wells Fargo & Company increased their target price on shares of Mastercard from $625.00 to $650.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Seaport Res Ptn upgraded Mastercard from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 14th. Finally, Wolfe Research set a $655.00 price objective on shares of Mastercard in a research report on Monday, June 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $634.04.

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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