Talbot Financial LLC Buys 3,313 Shares of Mastercard Incorporated $MA

Key Points

• Talbot Financial LLC increased its stake in Mastercard Incorporated by 21.1%, now holding a total of 18,988 shares valued at approximately $10.67 million.
• Mastercard reported earnings of $4.15 per share for the last quarter, exceeding expectations, with revenue reaching $8.13 billion, a 16.8% increase year-over-year.
• The company declared a quarterly dividend of $0.76 per share, with a yield of 0.5%, set to be paid on November 7th to shareholders of record.

Talbot Financial LLC boosted its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 21.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,988 shares of the credit services provider's stock after acquiring an additional 3,313 shares during the period. Talbot Financial LLC's holdings in Mastercard were worth $10,670,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Family Legacy Financial Solutions LLC bought a new stake in Mastercard in the second quarter worth about $26,000. Flaharty Asset Management LLC bought a new stake in Mastercard in the first quarter worth about $27,000. Keystone Global Partners LLC bought a new stake in Mastercard in the first quarter worth about $31,000. Hughes Financial Services LLC bought a new stake in Mastercard in the first quarter worth about $34,000. Finally, 1 North Wealth Services LLC bought a new stake in Mastercard in the first quarter worth about $44,000. Institutional investors own 97.28% of the company's stock.

Mastercard Price Performance

Shares of NYSE:MA opened at $581.08 on Friday. The company has a 50 day moving average of $580.26 and a 200 day moving average of $561.85. The stock has a market cap of $525.30 billion, a P/E ratio of 39.18, a P/E/G ratio of 2.38 and a beta of 0.97. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. 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 (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, beating the consensus estimate of $4.05 by $0.10. The company had revenue of $8.13 billion during the quarter, compared to analysts' expectations of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. Mastercard's revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.50 earnings per share. As a group, sell-side analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard's payout ratio is currently 20.50%.

Insider Buying and Selling

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer owned 31,234 shares of the company's stock, valued at $18,330,922.26. The trade was a 36.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Julius Genachowski sold 312 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the director directly 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 disclosure for this sale can be found here. In the last three months, insiders sold 35,391 shares of company stock valued at $20,836,514. Corporate insiders own 0.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MA. TD Cowen reaffirmed a "buy" rating and issued a $645.00 price objective on shares of Mastercard in a research report on Monday, August 11th. Truist Financial lowered their price target on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a research report on Thursday, July 17th. Weiss Ratings reissued a "buy (b)" rating on shares of Mastercard in a research report on Saturday, September 27th. The Goldman Sachs Group reissued a "buy" rating on shares of Mastercard in a research report on Friday, August 1st. Finally, KeyCorp boosted their price target on shares of Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $630.89.

Mastercard Company 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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