Titiun Yejiel Takes Position in Mastercard Incorporated $MA

Key Points

• Titiun Yejiel purchased 7,335 Mastercard shares worth approximately $3.77 million in the second quarter, making Mastercard 3.3% of its portfolio. Institutional investors collectively own 97.28% of the company.
• Mastercard reported strong quarterly results, with adjusted EPS of $5.04 and revenue of $9.28 billion, exceeding analyst estimates; revenue increased 14.1% year over year.
• Analysts maintain a bullish outlook, with the stock carrying an overall “Buy” rating and an average price target of $664.71. Mastercard also paid a quarterly dividend of $0.87 per share, yielding about 0.6%.

Titiun Yejiel purchased a new stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 7,335 shares of the credit services provider's stock, valued at approximately $3,767,000. Mastercard accounts for about 3.3% of Titiun Yejiel's holdings, making the stock its 10th largest holding.

Other institutional investors also recently bought and sold shares of the company. Riggs Asset Managment Co. Inc. raised its stake in shares of Mastercard by 20.0% in the second quarter. Riggs Asset Managment Co. Inc. now owns 108 shares of the credit services provider's stock valued at $61,000 after acquiring an additional 18 shares during the period. Castle Rock Wealth Management LLC boosted its stake in shares of Mastercard by 2.8% during the 4th quarter. Castle Rock Wealth Management LLC now owns 695 shares of the credit services provider's stock worth $387,000 after purchasing an additional 19 shares during the period. Athena Wealth Management LLC grew its holdings in Mastercard by 3.8% during the 2nd quarter. Athena Wealth Management LLC now owns 514 shares of the credit services provider's stock valued at $264,000 after purchasing an additional 19 shares during the last quarter. Novem Group grew its stake in shares of Mastercard by 0.4% during the second quarter. Novem Group now owns 4,680 shares of the credit services provider's stock valued at $2,404,000 after buying an additional 19 shares during the last quarter. Finally, Vista Capital Partners Inc. boosted its holdings in Mastercard by 4.5% during the 2nd quarter. Vista Capital Partners Inc. now owns 444 shares of the credit services provider's stock valued at $228,000 after acquiring an additional 19 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Mastercard Trading Down 0.2%

Shares of NYSE:MA opened at $598.69 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 3.96. Mastercard Incorporated has a 52-week low of $464.52 and a 52-week high of $601.62. The stock has a market cap of $524.46 billion, a price-to-earnings ratio of 32.93, a PEG ratio of 1.80 and a beta of 0.72. The business has a 50-day moving average price of $542.94 and a 200-day moving average price of $518.46.

Mastercard (NYSE:MA - Get Free Report) last issued its earnings results on Thursday, July 30th. The credit services provider reported $5.04 EPS for the quarter, beating analysts' consensus estimates of $4.77 by $0.27. Mastercard had a return on equity of 239.99% and a net margin of 46.34%.The firm had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.08 billion. During the same quarter in the prior year, the firm earned $4.15 earnings per share. Mastercard's revenue for the quarter was up 14.1% on a year-over-year basis. Equities analysts predict that Mastercard Incorporated will post 19.86 EPS for the current year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Thursday, July 9th were issued a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, July 9th. Mastercard's dividend payout ratio is 19.14%.

Analysts Set New Price Targets

A number of equities research analysts have commented on MA shares. Royal Bank Of Canada increased their price target on Mastercard from $629.00 to $642.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. Robert W. Baird upped their price objective on shares of Mastercard from $660.00 to $680.00 and gave the company an "outperform" rating in a report on Tuesday, July 7th. Cantor Fitzgerald increased their price objective on shares of Mastercard from $650.00 to $695.00 and gave the company an "overweight" rating in a research report on Monday, August 3rd. KeyCorp lifted their target price on shares of Mastercard from $670.00 to $680.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Finally, UBS Group boosted their target price on shares of Mastercard from $640.00 to $670.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Five investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $664.71.

Insider Transactions at Mastercard

In related news, insider J. Mehra Sachin sold 1,000 shares of the firm's stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $572.07, for a total transaction of $572,070.00. Following the completion of the transaction, the insider owned 39,916 shares of the company's stock, valued at $22,834,746.12. This trade represents a 2.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Linda Pistecchia Kirkpatrick sold 4,280 shares of the business's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $570.31, for a total transaction of $2,440,926.80. Following the transaction, the insider owned 31,179 shares of the company's stock, valued at $17,781,695.49. This represents a 12.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 71,357 shares of company stock valued at $40,637,262. 0.09% of the stock is owned by corporate insiders.

Mastercard Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.

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