Sequoia Financial Advisors LLC Has $12.93 Million Stake in Mastercard Incorporated $MA

Key Points

• Sequoia Financial Advisors LLC increased its stake in Mastercard Incorporated by 9.1%, holding 23,013 shares worth $12.93 million.
• Mastercard reported $4.15 EPS for its latest quarter, exceeding estimates, with revenue rising 16.8% year-over-year to $8.13 billion.
• The company announced a quarterly dividend of $0.76 per share, with a yield of 0.5% and a payout ratio of 20.50%.

Sequoia Financial Advisors LLC grew its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 9.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,013 shares of the credit services provider's stock after purchasing an additional 1,921 shares during the period. Sequoia Financial Advisors LLC's holdings in Mastercard were worth $12,932,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of MA. Family Legacy Financial Solutions LLC bought a new stake in Mastercard in the 2nd quarter valued at $26,000. Flaharty Asset Management LLC bought a new stake in Mastercard in the 1st quarter valued at $27,000. Keystone Global Partners LLC bought a new stake in Mastercard in the 1st quarter valued at $31,000. Hughes Financial Services LLC bought a new stake in Mastercard in the 1st quarter valued at $34,000. Finally, 1 North Wealth Services LLC bought a new stake in Mastercard in the 1st quarter valued at $44,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Up 0.3%

Shares of NYSE:MA opened at $558.89 on Tuesday. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The company's 50-day moving average price is $580.79 and its two-hundred day moving average price is $563.03. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The firm has a market cap of $505.24 billion, a P/E ratio of 37.69, a P/E/G ratio of 2.28 and a beta of 0.97.

Mastercard (NYSE:MA - Get Free Report) last issued 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. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. During the same quarter in the prior year, the firm earned $3.50 EPS. The company's revenue was up 16.8% on a year-over-year basis. As a group, research analysts forecast that Mastercard Incorporated will post 15.91 EPS 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. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard's dividend payout ratio is currently 20.50%.

Insider Buying and Selling

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,459,294. This represents a 35.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on MA shares. TD Cowen reissued a "buy" rating and issued a $645.00 price target on shares of Mastercard in a report on Monday, August 11th. 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. Deutsche Bank Aktiengesellschaft started coverage on shares of Mastercard in a report on Thursday, July 17th. They issued a "buy" rating and a $650.00 target price on the stock. 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. Finally, Seaport Res Ptn raised shares of Mastercard from a "hold" rating to a "strong-buy" rating in a report on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Mastercard currently has a consensus rating of "Buy" and a consensus 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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