Mastercard Incorporated (NYSE:MA) is Trillium Asset Management LLC's 5th Largest Position

Key Points

• Trillium Asset Management LLC reduced its stake in Mastercard by 1.2%, selling 2,024 shares, and now holds approximately $90.39 million worth of the company's stock, making it their 5th largest position.
• Mastercard reported better-than-expected quarterly earnings, with an EPS of $4.15 surpassing estimates by $0.10, and a revenue of $8.13 billion, marking a 16.8% increase from the previous year.
• Major brokerages have a positive outlook for Mastercard, with multiple firms raising their price targets, recommending a "Moderate Buy" consensus rating and an average price target of $615.33.

Trillium Asset Management LLC lessened its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 1.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 164,908 shares of the credit services provider's stock after selling 2,024 shares during the period. Mastercard makes up about 2.6% of Trillium Asset Management LLC's holdings, making the stock its 5th biggest position. Trillium Asset Management LLC's holdings in Mastercard were worth $90,389,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Measured Risk Portfolios Inc. bought a new position in shares of Mastercard in the 4th quarter worth about $31,000. Navigoe LLC bought a new stake in Mastercard in the fourth quarter worth $33,000. 10Elms LLP purchased a new stake in shares of Mastercard in the fourth quarter worth $33,000. Hughes Financial Services LLC bought a new position in shares of Mastercard during the first quarter valued at $34,000. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Mastercard during the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Mastercard Trading Up 1.1%

Shares of NYSE MA traded up $6.24 during trading on Thursday, reaching $584.14. The stock had a trading volume of 2,642,031 shares, compared to its average volume of 2,821,715. The company has a market cap of $528.07 billion, a P/E ratio of 39.39, a PEG ratio of 2.36 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 price is $563.47 and its 200-day moving average price is $554.15. Mastercard Incorporated has a fifty-two week low of $461.90 and a fifty-two week high of $594.71.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating analysts' consensus estimates of $4.05 by $0.10. The firm 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%. The business's quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.50 earnings per share. On average, equities research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Wednesday, July 9th were paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Wednesday, July 9th. Mastercard's dividend payout ratio is presently 20.50%.

Insider Activity

In related news, insider Raj Seshadri sold 1,100 shares of the company's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the completion of the transaction, the insider directly owned 12,921 shares of the company's stock, valued at $7,064,815.17. This represents a 7.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Craig Vosburg sold 9,428 shares of the company's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $353.05, for a total value of $3,328,555.40. Following the completion of the transaction, the insider directly owned 58,451 shares of the company's stock, valued at $20,636,125.55. This trade represents a 13.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,453 shares of company stock valued at $20,178,667 over the last three months. 0.09% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Mastercard in a report on Thursday, July 17th. They set a "buy" rating and a $650.00 price target on the stock. KeyCorp raised their price target on shares of Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Citigroup raised their price target on shares of Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a report on Monday, May 5th. Truist Financial dropped their price target 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, Wall Street Zen raised shares of Mastercard from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Five research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $615.33.

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.