Strategies Wealth Advisors LLC Makes New Investment in Mastercard Incorporated $MA

Key Points

• Strategies Wealth Advisors LLC acquired 960 shares of Mastercard Incorporated during the first quarter, valued at approximately $526,000.
• Institutional ownership remains high, with 97.28% of Mastercard's stock currently held by institutional investors and hedge funds.
• Mastercard reported a quarterly revenue of $8.13 billion, surpassing analysts' expectations, along with an EPS of $4.15.

Strategies Wealth Advisors LLC purchased a new stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 960 shares of the credit services provider's stock, valued at approximately $526,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in Mastercard by 42.3% during the fourth 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. Bank Pictet & Cie Europe AG raised its stake in shares of Mastercard by 11.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider's stock valued at $37,108,000 after acquiring an additional 7,452 shares during the period. Mascagni Wealth Management Inc. acquired a new position in shares of Mastercard in the fourth quarter valued at approximately $73,000. Trustco Bank Corp N Y purchased a new stake in Mastercard during the 4th quarter worth about $211,000. Finally, Coppell Advisory Solutions LLC lifted its stake in Mastercard by 224.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 458 shares of the credit services provider's stock worth $241,000 after acquiring an additional 317 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Insiders Place Their Bets

In other Mastercard news, insider Raj Seshadri sold 1,100 shares of the firm's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $546.77, for a total transaction of $601,447.00. Following the completion of the sale, the insider directly owned 12,921 shares in the company, valued at approximately $7,064,815.17. This trade represents a 7.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of the stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $560.00, for a total transaction of $536,480.00. Following the completion of the sale, the insider owned 23,624 shares of the company's stock, valued at approximately $13,229,440. The trade was a 3.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,269 shares of company stock valued at $30,634,699 over the last quarter. 0.09% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on MA shares. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Mastercard in a research note on Thursday, July 17th. They issued a "buy" rating and a $650.00 price objective for the company. The Goldman Sachs Group reissued a "buy" rating on shares of Mastercard in a report on Friday, August 1st. Citigroup raised their price target on Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Wall Street Zen upgraded shares of Mastercard from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Finally, Wolfe Research set a $655.00 target price on shares of Mastercard in a research report on Monday, June 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $617.93.

Mastercard Price Performance

Shares of NYSE MA traded down $1.31 during trading on Wednesday, hitting $590.30. The company had a trading volume of 668,826 shares, compared to its average volume of 2,797,281. The company has a market cap of $533.64 billion, a P/E ratio of 39.81, a PEG ratio of 2.43 and a beta of 1.03. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The business's 50-day moving average is $565.00 and its 200 day moving average is $556.05. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77.

Mastercard (NYSE:MA - Get Free Report) last announced its earnings results 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 return on equity of 200.01% and a net margin of 44.93%.The business had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. During the same period in the prior year, the business posted $3.50 earnings per share. Mastercard's revenue was up 16.8% compared to the same quarter last year. Equities research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th were issued a $0.76 dividend. The ex-dividend date was Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. Mastercard's dividend 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.