LRI Investments LLC Has $1.27 Million Stake in Mastercard Incorporated (NYSE:MA)

LRI Investments LLC trimmed its position in shares of Mastercard Incorporated (NYSE:MA) by 1.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,310 shares of the credit services provider’s stock after selling 33 shares during the quarter. LRI Investments LLC’s holdings in Mastercard were worth $1,266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in MA. BlackDiamond Wealth Management LLC grew its holdings in Mastercard by 2.3% during the fourth quarter. BlackDiamond Wealth Management LLC now owns 846 shares of the credit services provider’s stock valued at $445,000 after purchasing an additional 19 shares during the period. Fi3 FINANCIAL ADVISORS LLC grew its holdings in Mastercard by 2.6% during the fourth quarter. Fi3 FINANCIAL ADVISORS LLC now owns 736 shares of the credit services provider’s stock valued at $388,000 after purchasing an additional 19 shares during the period. Strategy Asset Managers LLC grew its holdings in Mastercard by 2.1% during the fourth quarter. Strategy Asset Managers LLC now owns 911 shares of the credit services provider’s stock valued at $480,000 after purchasing an additional 19 shares during the period. Phillips Wealth Planners LLC grew its holdings in 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 purchasing an additional 19 shares during the period. Finally, Alta Wealth Advisors LLC grew its holdings in 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 purchasing an additional 19 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Down 2.4%

Shares of NYSE:MA opened at $550.04 on Friday. The stock’s 50-day moving average price is $568.42 and its 200-day moving average price is $547.76. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $594.71. The stock has a market capitalization of $501.48 billion, a P/E ratio of 38.57, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.57 by $0.16. The firm had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period last year, the firm earned $3.31 earnings per share. On average, equities analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be paid a $0.76 dividend. The ex-dividend date is Wednesday, July 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.55%. Mastercard’s payout ratio is presently 21.32%.

Insiders Place Their Bets

In other Mastercard news, Director Julius Genachowski sold 312 shares of the firm’s stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the sale, the director directly owned 8,469 shares in the company, valued at $4,833,004.23. This trade represents a 3.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of the firm’s stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $560.00, for a total transaction of $536,480.00. Following the completion of the sale, the insider owned 23,624 shares of the company’s stock, valued at $13,229,440. This trade represents a 3.90% decrease in their ownership of the stock. 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 three months. Company insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MA. The Goldman Sachs Group reissued a “buy” rating and set a $633.00 price objective on shares of Mastercard in a report on Wednesday, April 2nd. Truist Financial assumed coverage on Mastercard in a research report on Monday, June 2nd. They set a “buy” rating and a $640.00 target price on the stock. Wolfe Research set a $655.00 target price on Mastercard in a research report on Monday, June 23rd. Monness Crespi & Hardt downgraded Mastercard from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 9th. Finally, Citigroup increased their target price on Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a research report on Monday, May 5th. Seven research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $611.50.

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.