Fulcrum Capital LLC Has $15.10 Million Stock Holdings in Mastercard Incorporated $MA

Fulcrum Capital LLC reduced its stake in shares of Mastercard Incorporated (NYSE:MA) by 0.4% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 26,864 shares of the credit services provider’s stock after selling 110 shares during the period. Mastercard comprises approximately 3.2% of Fulcrum Capital LLC’s portfolio, making the stock its 9th biggest position. Fulcrum Capital LLC’s holdings in Mastercard were worth $15,096,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Accredited Investors Inc. increased its holdings in Mastercard by 2.6% during the 1st quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider’s stock worth $394,000 after purchasing an additional 18 shares in the last quarter. Wealthstream Advisors Inc. increased its holdings in Mastercard by 2.9% during the 1st quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider’s stock worth $347,000 after purchasing an additional 18 shares in the last quarter. KRS Capital Management LLC increased its holdings in Mastercard by 0.6% during the 2nd quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider’s stock worth $1,601,000 after purchasing an additional 18 shares in the last quarter. Pinion Investment Advisors LLC increased its holdings in Mastercard by 0.8% during the 2nd quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider’s stock worth $1,276,000 after purchasing an additional 18 shares in the last quarter. Finally, Phillips Wealth Planners LLC boosted its stake in shares of Mastercard by 1.8% in the 1st quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider’s stock worth $538,000 after buying an additional 19 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Mastercard Price Performance

Mastercard stock opened at $556.80 on Friday. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The business’s 50 day simple moving average is $581.01 and its 200 day simple moving average is $562.77. The company has a market cap of $503.35 billion, a price-to-earnings ratio of 37.55, a PEG ratio of 2.31 and a beta of 0.97.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating 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 the consensus estimate of $7.95 billion. During the same quarter in the prior year, the business earned $3.50 earnings per share. Mastercard’s revenue for the quarter was up 16.8% on a year-over-year basis. Sell-side analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard’s payout ratio is presently 20.50%.

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the sale, the chief financial officer owned 31,234 shares of the company’s stock, valued at $18,459,294. The trade was a 35.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.09% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MA has been the topic of a number of research analyst reports. Wolfe Research set a $655.00 target price on Mastercard in a research note on Monday, June 23rd. Robert W. Baird boosted their target price on Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a research note on Monday. Seaport Res Ptn upgraded Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 14th. Truist Financial cut their target price on Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a research note on Thursday, July 17th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Mastercard in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price 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.