1,230 Shares in Mastercard Incorporated $MA Bought by Strathmore Capital Advisors Inc.

Key Points

• Strathmore Capital Advisors Inc. has invested $695,000 in Mastercard, purchasing 1,230 shares during the second quarter, according to a recent SEC filing.
• Mastercard's stock has garnered a consensus rating of "Buy" from analysts, with price targets ranging between $625.00 and $670.00 following positive earnings results.
• The company announced a quarterly dividend of $0.76 per share, set to be paid on November 7th, with a 0.5% dividend yield and a payout ratio of 20.50%.

Strathmore Capital Advisors Inc. acquired a new stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,230 shares of the credit services provider's stock, valued at approximately $695,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock worth $3,594,000 after buying an additional 2,028 shares in the last quarter. Bank Pictet & Cie Europe AG increased its holdings in 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 worth $37,108,000 after buying an additional 7,452 shares in the last quarter. Mascagni Wealth Management Inc. bought a new stake in Mastercard in the 4th quarter worth about $73,000. Woodline Partners LP bought a new stake in Mastercard in the 4th quarter worth about $25,921,000. Finally, Waverly Advisors LLC increased its holdings in Mastercard by 138.4% in the 4th quarter. Waverly Advisors LLC now owns 5,676 shares of the credit services provider's stock worth $2,989,000 after buying an additional 3,295 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Mastercard Trading Down 0.4%

Mastercard stock traded down $2.17 during mid-day trading on Friday, hitting $583.88. The company's stock had a trading volume of 6,744,713 shares, compared to its average volume of 2,280,804. The company has a 50 day moving average of $577.23 and a 200-day moving average of $559.09. The stock has a market cap of $527.83 billion, a PE ratio of 39.37, a P/E/G ratio of 2.39 and a beta of 0.99. 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 Incorporated has a one year low of $465.59 and a one year high of $601.77.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. During the same quarter in the prior year, the company posted $3.50 EPS. Mastercard's quarterly revenue was up 16.8% on a year-over-year basis. On average, research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.5%. Mastercard's dividend payout ratio is presently 20.50%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. UBS Group lifted their price objective on Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. The Goldman Sachs Group restated a "buy" rating on shares of Mastercard in a research note on Friday, August 1st. KeyCorp lifted their price objective on Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Truist Financial lowered their price objective on Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a research report on Thursday, July 17th. Finally, Morgan Stanley boosted their price target on Mastercard from $639.00 to $661.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Mastercard presently has a consensus rating of "Buy" and an average price target of $630.89.

Insider Transactions at Mastercard

In other news, Director Julius Genachowski sold 312 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of $570.67, for a total transaction of $178,049.04. Following the transaction, the director owned 8,469 shares of the company's stock, valued at approximately $4,833,004.23. This represents a 3.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total value of $10,456,032.24. Following the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at $18,330,922.26. The trade was a 36.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,717 shares of company stock worth $22,684,831 over the last quarter. 0.09% of the stock is owned by corporate insiders.

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.