Transcend Capital Advisors LLC Boosts Stock Position in Mastercard Incorporated (NYSE:MA)

Transcend Capital Advisors LLC grew its position in shares of Mastercard Incorporated (NYSE:MA) by 29.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,576 shares of the credit services provider’s stock after purchasing an additional 1,261 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Mastercard were worth $2,460,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in MA. Hoxton Planning & Management LLC lifted its position in Mastercard by 1.4% in the first quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock valued at $788,000 after purchasing an additional 22 shares during the last quarter. Carolinas Wealth Consulting LLC lifted its position in Mastercard by 5.0% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock valued at $206,000 after purchasing an additional 23 shares during the last quarter. Benin Management CORP raised its holdings in shares of Mastercard by 3.0% during the first quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock valued at $382,000 after acquiring an additional 23 shares in the last quarter. Atticus Wealth Management LLC lifted its stake in Mastercard by 1.3% in the first quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock worth $835,000 after acquiring an additional 23 shares during the period. Finally, Strategic Advisors LLC lifted its stake in Mastercard by 0.3% in the first quarter. Strategic Advisors LLC now owns 6,881 shares of the credit services provider’s stock worth $3,314,000 after acquiring an additional 23 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Down 0.1 %

Mastercard stock traded down $0.39 during midday trading on Friday, reaching $462.02. The company’s stock had a trading volume of 3,808,080 shares, compared to its average volume of 2,706,904. The stock’s 50-day simple moving average is $446.48 and its 200-day simple moving average is $456.83. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.09. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week high of $490.00. The stock has a market capitalization of $429.50 billion, a P/E ratio of 36.73, a PEG ratio of 1.82 and a beta of 1.09.

Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business posted $2.80 earnings per share. On average, sell-side analysts expect that Mastercard Incorporated will post 14.27 EPS for the current year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Tuesday, July 9th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is 20.99%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MA. Bank of America downgraded Mastercard from a “buy” rating to a “neutral” rating and reduced their price target for the company from $505.00 to $480.00 in a report on Wednesday, July 10th. BNP Paribas upgraded Mastercard to a “strong-buy” rating in a report on Thursday, July 25th. Robert W. Baird raised their price target on Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. JPMorgan Chase & Co. reduced their price objective on Mastercard from $510.00 to $500.00 and set an “overweight” rating for the company in a report on Thursday, July 18th. Finally, TD Cowen lifted their price objective on Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a report on Thursday. Three equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat, Mastercard presently has a consensus rating of “Buy” and a consensus price target of $507.27.

Insider Buying and Selling

In related news, major shareholder Foundation Mastercard sold 138,000 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the sale, the insider now directly owns 92,152,308 shares of the company’s stock, valued at $41,762,504,462.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Mastercard news, major shareholder Foundation Mastercard sold 138,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total value of $62,540,220.00. Following the sale, the insider now directly owns 92,152,308 shares of the company’s stock, valued at $41,762,504,462.52. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Raj Seshadri sold 5,216 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $446.71, for a total value of $2,330,039.36. Following the completion of the transaction, the insider now owns 15,183 shares in the company, valued at approximately $6,782,397.93. The disclosure for this sale can be found here. Insiders have sold a total of 2,462,228 shares of company stock valued at $1,110,349,560 over the last ninety days. Company insiders own 0.10% of the company’s stock.

Mastercard 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.