Tyche Wealth Partners LLC Has $4.04 Million Holdings in Mastercard Incorporated $MA

Key Points

• Tyche Wealth Partners LLC has reduced its holdings in Mastercard by 6% to own 7,183 shares, valued at approximately $4.04 million, making it the firm's 27th largest position.
• Mastercard recently declared a $0.76 quarterly dividend per share, with a low payout ratio of 20.50%, and the dividend will be paid on November 7th.
• Mastercard's stock has received multiple upgrades from analysts, with a consensus target price increase to approximately $634.04, reflecting investors' positive outlook for the company's performance.

Tyche Wealth Partners LLC lessened its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 6.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,183 shares of the credit services provider's stock after selling 461 shares during the period. Mastercard accounts for 0.8% of Tyche Wealth Partners LLC's holdings, making the stock its 27th biggest position. Tyche Wealth Partners LLC's holdings in Mastercard were worth $4,037,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Accredited Investors Inc. increased its holdings in shares of Mastercard by 2.6% during the first quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider's stock valued at $394,000 after acquiring an additional 18 shares in the last quarter. Wealthstream Advisors Inc. boosted its position in shares of Mastercard by 2.9% during the first quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider's stock valued at $347,000 after buying an additional 18 shares during the last quarter. Phillips Wealth Planners LLC boosted its position in shares of Mastercard by 1.8% during the first quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider's stock valued at $538,000 after buying an additional 19 shares during the last quarter. Alta Wealth Advisors LLC boosted its position in shares of Mastercard by 3.6% during the first quarter. Alta Wealth Advisors LLC now owns 540 shares of the credit services provider's stock valued at $296,000 after buying an additional 19 shares during the last quarter. Finally, May Hill Capital LLC boosted its position in shares of Mastercard by 2.0% during the first quarter. May Hill Capital LLC now owns 986 shares of the credit services provider's stock valued at $540,000 after buying an additional 19 shares during the last quarter. Institutional investors own 97.28% of the company's stock.

Insider Activity at Mastercard

In other news, CFO J. Mehra Sachin sold 17,816 shares of the company's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the transaction, the chief financial officer owned 31,234 shares of the company's stock, valued at $18,330,922.26. This represents a 36.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is owned by corporate insiders.

Mastercard Stock Down 0.3%

MA stock opened at $578.91 on Tuesday. The stock's fifty day simple moving average is $580.46 and its two-hundred day simple moving average is $562.33. 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 Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The stock has a market cap of $523.34 billion, a P/E ratio of 39.04, a P/E/G ratio of 2.38 and a beta of 0.97.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, topping 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 for the quarter, compared to analysts' expectations of $7.95 billion. During the same quarter in the previous year, the firm earned $3.50 earnings per share. The business's revenue was up 16.8% on a year-over-year basis. Analysts expect 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. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard's dividend payout ratio is currently 20.50%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Mastercard in a research report on Friday, August 1st. Wolfe Research set a $655.00 target price on Mastercard in a research report on Monday, June 23rd. KeyCorp lifted their target price on Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Royal Bank Of Canada lifted their target price on Mastercard from $650.00 to $656.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Finally, Wells Fargo & Company lifted their target price on Mastercard from $625.00 to $650.00 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 assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $634.04.

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.

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