TRB Advisors LP Takes $5.62 Million Position in Mastercard Incorporated $MA

TRB Advisors LP bought a new stake in Mastercard Incorporated (NYSE:MA) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,000 shares of the credit services provider’s stock, valued at approximately $5,619,000. Mastercard comprises approximately 1.3% of TRB Advisors LP’s investment portfolio, making the stock its 10th largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in MA. Brighton Jones LLC increased its holdings in Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after buying an additional 2,028 shares during the last quarter. GAMMA Investing LLC increased its holdings in Mastercard by 19.9% during the first quarter. GAMMA Investing LLC now owns 15,007 shares of the credit services provider’s stock worth $8,226,000 after buying an additional 2,493 shares during the last quarter. Advisor Resource Council purchased a new stake in Mastercard during the first quarter worth about $1,029,000. Nilsine Partners LLC increased its holdings in Mastercard by 2.8% during the first quarter. Nilsine Partners LLC now owns 2,498 shares of the credit services provider’s stock worth $1,369,000 after buying an additional 68 shares during the last quarter. Finally, Garde Capital Inc. purchased a new stake in Mastercard during the first quarter worth about $90,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

MA has been the subject of a number of research analyst reports. KeyCorp raised their price objective on shares of Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. TD Cowen restated a “buy” rating and set a $645.00 price objective on shares of Mastercard in a report on Monday, August 11th. Morgan Stanley lifted their target price on shares of Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. The Goldman Sachs Group reiterated a “buy” rating on shares of Mastercard in a research note on Friday, August 1st. Finally, Wells Fargo & Company lifted their target price on shares of Mastercard from $625.00 to $650.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $634.04.

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at approximately $18,459,294. This trade represents a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by insiders.

Mastercard Price Performance

MA stock opened at $561.42 on Monday. The firm has a 50 day moving average of $580.22 and a 200-day moving average of $563.50. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The firm has a market capitalization of $507.53 billion, a P/E ratio of 37.86, a price-to-earnings-growth ratio of 2.30 and a beta of 0.97.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. During the same period in the previous year, the business posted $3.50 earnings per share. Mastercard’s revenue for the quarter was up 16.8% on a year-over-year basis. As a group, sell-side analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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