Strategic Wealth Partners Ltd. Grows Stock Position in Mastercard Incorporated (NYSE:MA)

Strategic Wealth Partners Ltd. lifted its position in shares of Mastercard Incorporated (NYSE:MA) by 2.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,911 shares of the credit services provider’s stock after acquiring an additional 43 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in Mastercard were worth $920,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MA. Cross Staff Investments Inc raised its position in shares of Mastercard by 16.3% in the fourth quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider’s stock valued at $1,343,000 after purchasing an additional 441 shares during the period. J.Safra Asset Management Corp raised its holdings in Mastercard by 7.2% during the 4th quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock valued at $209,000 after acquiring an additional 33 shares during the period. Fortune Financial Advisors LLC lifted its position in shares of Mastercard by 4.5% during the fourth quarter. Fortune Financial Advisors LLC now owns 7,853 shares of the credit services provider’s stock worth $3,350,000 after acquiring an additional 339 shares in the last quarter. Intech Investment Management LLC boosted its holdings in shares of Mastercard by 15.6% in the fourth quarter. Intech Investment Management LLC now owns 24,452 shares of the credit services provider’s stock worth $10,429,000 after acquiring an additional 3,306 shares during the period. Finally, Dearborn Partners LLC grew its position in shares of Mastercard by 8.9% in the fourth quarter. Dearborn Partners LLC now owns 109,161 shares of the credit services provider’s stock valued at $46,558,000 after purchasing an additional 8,955 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Activity at Mastercard

In related news, major shareholder Foundation Mastercard sold 138,000 shares of the business’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the transaction, the insider now directly owns 92,152,308 shares in the company, valued at approximately $41,762,504,462.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, major shareholder Foundation Mastercard sold 138,000 shares of the stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total value of $62,540,220.00. Following the sale, the insider now owns 92,152,308 shares in the company, valued at $41,762,504,462.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Hai Ling sold 2,892 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $460.00, for a total transaction of $1,330,320.00. Following the completion of the transaction, the insider now directly owns 21,420 shares in the company, valued at $9,853,200. The disclosure for this sale can be found here. Insiders sold 2,462,228 shares of company stock valued at $1,110,349,560 over the last 90 days. Insiders own 0.10% of the company’s stock.

Mastercard Trading Down 0.1 %

MA stock traded down $0.39 during trading on Friday, hitting $462.02. The company had a trading volume of 3,681,951 shares, compared to its average volume of 2,509,319. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week high of $490.00. The company has a 50 day simple moving average of $446.26 and a 200-day simple moving average of $456.40. The firm has a market capitalization of $429.50 billion, a P/E ratio of 36.91, a PEG ratio of 1.83 and a beta of 1.09. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86.

Mastercard (NYSE:MA) last posted its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. The business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. Mastercard had a net margin of 46.45% and a return on equity of 183.61%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.80 EPS. As a group, research analysts forecast that Mastercard Incorporated will post 14.26 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Tuesday, July 9th. Mastercard’s payout ratio is currently 20.99%.

Analyst Upgrades and Downgrades

MA has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Mastercard from $510.00 to $500.00 and set an “overweight” rating for the company in a research report on Thursday, July 18th. KeyCorp upped their price objective on shares of Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a research note on Thursday. Piper Sandler boosted their price objective on Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a research report on Friday. Barclays reduced their price target on Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a report on Monday, May 6th. Finally, Mizuho decreased their price objective on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Three investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $507.27.

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.