QTR Family Wealth LLC Boosts Holdings in Mastercard Incorporated $MA

QTR Family Wealth LLC boosted its position in shares of Mastercard Incorporated (NYSE:MA) by 43.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,136 shares of the credit services provider’s stock after buying an additional 342 shares during the quarter. QTR Family Wealth LLC’s holdings in Mastercard were worth $638,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in shares of Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after acquiring an additional 2,028 shares in the last quarter. Merit Financial Group LLC raised its holdings in Mastercard by 20.0% in the first quarter. Merit Financial Group LLC now owns 25,439 shares of the credit services provider’s stock worth $13,944,000 after purchasing an additional 4,232 shares in the last quarter. McLean Asset Management Corp raised its holdings in Mastercard by 3.1% in the first quarter. McLean Asset Management Corp now owns 1,788 shares of the credit services provider’s stock worth $980,000 after purchasing an additional 53 shares in the last quarter. Whipplewood Advisors LLC raised its holdings in Mastercard by 9.3% in the first quarter. Whipplewood Advisors LLC now owns 411 shares of the credit services provider’s stock worth $225,000 after purchasing an additional 35 shares in the last quarter. Finally, Crestmont Private Wealth LLC raised its holdings in Mastercard by 18.0% in the first quarter. Crestmont Private Wealth LLC now owns 1,119 shares of the credit services provider’s stock worth $613,000 after purchasing an additional 171 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Mastercard

In related news, Director Julius Genachowski sold 312 shares of the firm’s 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 sale, the director directly owned 8,469 shares of the company’s stock, valued at approximately $4,833,004.23. This trade represents a 3.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO J. Mehra Sachin sold 17,263 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total value of $10,202,433.00. Following the sale, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at $18,459,294. The trade was a 35.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,391 shares of company stock valued at $20,836,514 over the last three months. Corporate insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

MA has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Mastercard in a report on Thursday, July 17th. They issued a “buy” rating and a $650.00 target price for the company. Morgan Stanley upped their price objective on shares of Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Wolfe Research set a $655.00 price objective on shares of Mastercard in a report on Monday, June 23rd. Seaport Res Ptn upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Finally, UBS Group increased their price target on shares of Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a report on Tuesday, June 3rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $630.89.

Mastercard Price Performance

Shares of NYSE MA opened at $569.29 on Wednesday. The firm has a 50-day simple moving average of $579.48 and a 200-day simple moving average of $560.91. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The stock has a market capitalization of $514.64 billion, a price-to-earnings ratio of 38.39, a price-to-earnings-growth ratio of 2.33 and a beta of 0.99. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, topping 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 analysts’ expectations of $7.95 billion. During the same period in the previous year, the firm posted $3.50 EPS. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. On average, equities analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 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 Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.50%.

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.