Stokes Capital Advisors LLC Acquires 1,040 Shares of Mastercard Incorporated $MA

Key Points

• Stokes Capital Advisors LLC increased its stake in Mastercard by 7.1%, acquiring 1,040 additional shares, bringing its total to 15,642 shares worth approximately $8.79 million.
• Mastercard reported better-than-expected quarterly earnings, with $4.15 per share, exceeding estimates by $0.10 and marking a 16.8% year-over-year revenue growth to $8.13 billion.
• The company declared a quarterly dividend of $0.76 per share, with the ex-dividend date set for October 9th, offering a dividend yield of 0.5%.

Stokes Capital Advisors LLC increased its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 7.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,642 shares of the credit services provider's stock after acquiring an additional 1,040 shares during the quarter. Mastercard comprises approximately 2.2% of Stokes Capital Advisors LLC's investment portfolio, making the stock its 17th biggest holding. Stokes Capital Advisors LLC's holdings in Mastercard were worth $8,790,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Pines Wealth Management LLC boosted its stake in Mastercard by 23.9% during the 2nd quarter. Pines Wealth Management LLC now owns 2,234 shares of the credit services provider's stock worth $1,272,000 after acquiring an additional 431 shares during the last quarter. Sunpointe LLC raised its holdings in Mastercard by 11.3% during the 2nd quarter. Sunpointe LLC now owns 1,276 shares of the credit services provider's stock worth $717,000 after buying an additional 130 shares during the period. GSG Advisors LLC raised its holdings in Mastercard by 5.0% during the 2nd quarter. GSG Advisors LLC now owns 720 shares of the credit services provider's stock worth $405,000 after buying an additional 34 shares during the period. Baron Wealth Management LLC raised its holdings in Mastercard by 13.0% during the 2nd quarter. Baron Wealth Management LLC now owns 1,457 shares of the credit services provider's stock worth $819,000 after buying an additional 168 shares during the period. Finally, David J Yvars Group acquired a new stake in Mastercard during the 2nd quarter worth approximately $232,000. Institutional investors own 97.28% of the company's stock.

Insider Transactions at Mastercard

In other Mastercard news, insider Raj Seshadri sold 1,100 shares of the company's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $546.77, for a total value of $601,447.00. Following the transaction, the insider directly owned 12,921 shares in the company, valued at $7,064,815.17. The trade was a 7.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO J. Mehra Sachin sold 17,816 shares of the company's stock in a transaction on 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 in the company, valued at approximately $18,330,922.26. This represents a 36.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 49,094 shares of company stock valued at $26,521,861. Corporate insiders own 0.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wall Street Zen upgraded shares of Mastercard from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Morgan Stanley raised 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 set a "buy" rating and a $650.00 target price on the stock. Truist Financial lowered their price objective on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a report on Thursday, July 17th. Finally, TD Cowen reiterated a "buy" rating and issued a $645.00 price objective on shares of Mastercard in a report on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Mastercard has an average rating of "Buy" and a consensus price target of $630.89.

Mastercard Stock Down 2.0%

MA traded down $12.24 during trading on Thursday, reaching $586.39. 3,294,088 shares of the stock were exchanged, compared to its average volume of 2,233,542. The stock has a market cap of $530.11 billion, a P/E ratio of 39.54, a price-to-earnings-growth ratio of 2.45 and a beta of 0.99. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The stock's 50 day moving average price is $576.55 and its two-hundred day moving average price is $558.89. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16.

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

Mastercard Announces Dividend

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

About Mastercard

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.