Fiduciary Alliance LLC Increases Holdings in Mastercard Incorporated $MA

Fiduciary Alliance LLC increased its stake in Mastercard Incorporated (NYSE:MA) by 2.2% during the second quarter, according to its most recent filing with the SEC. The fund owned 7,813 shares of the credit services provider’s stock after buying an additional 167 shares during the quarter. Fiduciary Alliance LLC’s holdings in Mastercard were worth $4,391,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Flaharty Asset Management LLC bought a new position in Mastercard during the first quarter valued at $27,000. Keystone Global Partners LLC bought a new position in shares of Mastercard during the 1st quarter worth $31,000. 10Elms LLP purchased a new stake in Mastercard in the 4th quarter worth about $33,000. Hughes Financial Services LLC bought a new stake in Mastercard in the 1st quarter valued at about $34,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in Mastercard during the fourth quarter valued at about $36,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Mastercard stock opened at $583.30 on Tuesday. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market cap of $527.31 billion, a P/E ratio of 39.33, a price-to-earnings-growth ratio of 2.38 and a beta of 0.99. The firm’s fifty day moving average price is $574.96 and its 200-day moving average price is $558.34.

Mastercard (NYSE:MA) last released its earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating analysts’ consensus estimates 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 prior year, the firm earned $3.50 earnings per share. The firm’s revenue was up 16.8% on a year-over-year basis. On average, equities research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th were given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 0.5%. The ex-dividend date was Wednesday, July 9th. Mastercard’s dividend payout ratio is presently 20.50%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MA. Wells Fargo & Company upped their price target on shares of Mastercard from $625.00 to $650.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. KeyCorp increased their price objective on Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft began coverage on shares of Mastercard in a report on Thursday, July 17th. They issued a “buy” rating and a $650.00 price target on the stock. TD Cowen reaffirmed a “buy” rating and set a $645.00 target price on shares of Mastercard in a report on Monday, August 11th. Finally, Truist Financial reduced their price target on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a research report on Thursday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $626.54.

Insider Activity at Mastercard

In related news, CFO J. Mehra Sachin sold 17,263 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at $18,459,294. This trade represents a 35.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Raj Seshadri sold 1,100 shares of Mastercard stock in a transaction on Friday, June 27th. The stock was sold at an average price of $546.77, for a total transaction of $601,447.00. Following the completion of the transaction, the insider directly owned 12,921 shares in the company, valued at approximately $7,064,815.17. The trade was a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 49,094 shares of company stock worth $26,521,861 over the last three months. Corporate insiders own 0.09% of the company’s stock.

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.