US Bancorp DE Has $492.66 Million Position in Mastercard Incorporated (NYSE:MA)

Key Points

• US Bancorp DE reduced its position in Mastercard by 1.6%, owning 898,800 shares worth approximately $492.66 million after selling 14,602 shares in the 1st quarter.
• Mastercard recently reported earnings of $4.15 per share, surpassing analysts' expectations, with a 16.8% increase in quarterly revenue year-over-year to $8.13 billion.
• The company declared a quarterly dividend of $0.76 per share, representing a 0.5% dividend yield and a payout ratio of 21.32%.

US Bancorp DE reduced its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 1.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 898,800 shares of the credit services provider's stock after selling 14,602 shares during the period. US Bancorp DE owned 0.10% of Mastercard worth $492,656,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MA. Measured Risk Portfolios Inc. acquired a new position in Mastercard in the 4th quarter valued at about $31,000. 10Elms LLP acquired a new position in Mastercard in the 4th quarter valued at about $33,000. Hughes Financial Services LLC acquired a new position in Mastercard in the 1st quarter valued at about $34,000. Navigoe LLC acquired a new position in Mastercard in the 4th quarter valued at about $33,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in Mastercard in the 4th quarter valued at about $36,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MA has been the topic of a number of research reports. Wall Street Zen upgraded shares of Mastercard from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. KeyCorp boosted their price objective on shares of Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. UBS Group boosted their price objective on shares of Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Monness Crespi & Hardt downgraded shares of Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. Finally, Wolfe Research set a $655.00 price objective on shares of Mastercard in a report on Monday, June 23rd. Five equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Mastercard presently has an average rating of "Moderate Buy" and an average price target of $612.90.

Insider Activity

In other news, insider Raj Seshadri sold 1,100 shares of Mastercard stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $546.77, for a total value of $601,447.00. Following the completion of the transaction, the insider owned 12,921 shares in the company, valued at $7,064,815.17. This trade represents a 7.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Julius Genachowski sold 312 shares of Mastercard stock in a transaction dated 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 owned 8,469 shares of the company's stock, valued at $4,833,004.23. The trade was a 3.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,753 shares of company stock valued at $20,351,084 over the last ninety days. Company insiders own 0.09% of the company's stock.

Mastercard Stock Up 1.3%

Shares of NYSE MA opened at $566.16 on Friday. The firm has a market cap of $516.17 billion, a PE ratio of 39.70, a P/E/G ratio of 2.42 and a beta of 1.02. Mastercard Incorporated has a 12-month low of $439.59 and a 12-month high of $594.71. The company's fifty day simple moving average is $564.67 and its 200 day simple moving average is $551.39. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81.

Mastercard (NYSE:MA - Get Free Report) last released 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. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The firm had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. During the same period last year, the firm earned $3.50 earnings per share. The business's quarterly revenue was up 16.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 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 Wednesday, July 9th. Mastercard's dividend payout ratio (DPR) is presently 21.32%.

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.

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