Secured Retirement Advisors LLC Boosts Stake in Mastercard Incorporated $MA

Key Points

• Secured Retirement Advisors LLC increased its stake in Mastercard by 12.8%, owning 4,657 shares valued at approximately $2.6 million.
• Mastercard reported a quarterly earnings per share (EPS) of $4.15, exceeding analysts' expectations, with revenue reaching $8.13 billion for the quarter.
• The company declared a quarterly dividend of $0.76, with a yield of 0.5%, to be paid on November 7th to investors of record as of October 9th.

Secured Retirement Advisors LLC grew its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 12.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,657 shares of the credit services provider's stock after purchasing an additional 528 shares during the period. Mastercard makes up about 1.6% of Secured Retirement Advisors LLC's holdings, making the stock its 11th largest position. Secured Retirement Advisors LLC's holdings in Mastercard were worth $2,617,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Mastercard during the 2nd quarter worth approximately $11,421,213,000. Nuveen LLC purchased a new stake in Mastercard during the first quarter worth $4,238,764,000. Wellington Management Group LLP boosted its position in Mastercard by 38.6% during the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider's stock worth $7,413,936,000 after purchasing an additional 3,765,378 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Mastercard by 3,493.6% during the second quarter. Assenagon Asset Management S.A. now owns 934,110 shares of the credit services provider's stock worth $524,914,000 after purchasing an additional 908,116 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Mastercard by 4.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider's stock worth $11,015,557,000 after purchasing an additional 907,184 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Trading Up 0.1%

Shares of MA opened at $579.24 on Wednesday. The stock's fifty day simple moving average is $580.78 and its 200 day simple moving average is $562.45. The firm has a market capitalization of $523.64 billion, a P/E ratio of 39.06, a price-to-earnings-growth ratio of 2.37 and a beta of 0.97. 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 twelve month low of $465.59 and a twelve month high of $601.77.

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, topping analysts' consensus estimates of $4.05 by $0.10. The company had revenue of $8.13 billion for 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 company's quarterly revenue was up 16.8% compared to the same quarter last year. During the same period last year, the business posted $3.50 EPS. On average, equities research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

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

Insider Activity at Mastercard

In other news, CFO J. Mehra Sachin sold 17,816 shares of the firm's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total value of $10,456,032.24. Following the transaction, the chief financial officer owned 31,234 shares of the company's stock, valued at approximately $18,330,922.26. This trade represents a 36.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.09% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on MA. The Goldman Sachs Group reiterated a "buy" rating on shares of Mastercard 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. Royal Bank Of Canada upped their target price on shares of Mastercard from $650.00 to $656.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Robert W. Baird upped their target price on shares of Mastercard from $640.00 to $660.00 and gave the company an "outperform" rating in a report on Monday. Finally, Wells Fargo & Company upped their target price on shares of Mastercard from $625.00 to $650.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, Mastercard currently has a consensus rating of "Buy" and a consensus target price 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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