Orion Capital Management LLC Boosts Stock Position in Mastercard Incorporated $MA

Orion Capital Management LLC raised its position in Mastercard Incorporated (NYSE:MA) by 10.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 364 shares of the credit services provider’s stock after purchasing an additional 35 shares during the period. Orion Capital Management LLC’s holdings in Mastercard were worth $205,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. ORG Partners LLC increased its stake in Mastercard by 73.2% in the second quarter. ORG Partners LLC now owns 698 shares of the credit services provider’s stock valued at $394,000 after purchasing an additional 295 shares during the last quarter. Ethos Financial Group LLC lifted its holdings in shares of Mastercard by 19.5% during the 1st quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider’s stock worth $1,683,000 after acquiring an additional 518 shares during the period. Curio Wealth LLC boosted its position in shares of Mastercard by 22,400.0% in the second quarter. Curio Wealth LLC now owns 225 shares of the credit services provider’s stock worth $126,000 after acquiring an additional 224 shares during the last quarter. Wheelhouse Advisory Group LLC grew its holdings in Mastercard by 4.4% in the second quarter. Wheelhouse Advisory Group LLC now owns 1,336 shares of the credit services provider’s stock valued at $751,000 after purchasing an additional 56 shares during the period. Finally, Canandaigua National Trust Co of Florida raised its stake in Mastercard by 36.4% during the first quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider’s stock worth $380,000 after purchasing an additional 185 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Trading Down 0.0%

MA opened at $573.72 on Friday. The firm’s 50 day moving average is $579.51 and its 200-day moving average is $566.01. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. 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 firm has a market capitalization of $518.65 billion, a P/E ratio of 38.69, a P/E/G ratio of 2.35 and a beta of 0.97.

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

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Stockholders 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 payout ratio is presently 20.50%.

Insider Activity at Mastercard

In related news, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total value of $10,456,032.24. Following the completion of the transaction, the chief financial officer owned 31,234 shares of the company’s stock, valued at approximately $18,330,922.26. This represents a 36.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on MA shares. Royal Bank Of Canada boosted their price target on Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft started 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. Citigroup raised shares of Mastercard to a “strong-buy” rating in a research report on Thursday. Seaport Res Ptn raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. Finally, Morgan Stanley lifted their target price on shares of Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Five investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $638.96.

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.