Lyell Wealth Management LP Increases Stock Position in Mastercard Incorporated (NYSE:MA)

Lyell Wealth Management LP increased its position in shares of Mastercard Incorporated (NYSE:MA) by 19.4% during the second quarter, HoldingsChannel.com reports. The fund owned 13,749 shares of the credit services provider’s stock after acquiring an additional 2,235 shares during the period. Lyell Wealth Management LP’s holdings in Mastercard were worth $6,065,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. VitalStone Financial LLC increased its holdings in shares of Mastercard by 300.0% in the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after buying an additional 45 shares during the last quarter. Westend Capital Management LLC bought a new position in shares of Mastercard during the 1st quarter valued at $27,000. Palisade Asset Management LLC purchased a new stake in Mastercard during the 1st quarter valued at $27,000. Scarborough Advisors LLC purchased a new stake in Mastercard during the 4th quarter valued at $28,000. Finally, Beaird Harris Wealth Management LLC purchased a new stake in Mastercard during the 4th quarter valued at $30,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

MA stock opened at $493.36 on Friday. Mastercard Incorporated has a one year low of $359.77 and a one year high of $496.85. The company’s fifty day moving average price is $460.67 and its 200-day moving average price is $460.31. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $458.63 billion, a PE ratio of 39.22, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10.

Mastercard (NYSE:MA) last released its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, topping the consensus estimate of $3.51 by $0.08. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The firm had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.85 billion. On average, equities analysts anticipate that Mastercard Incorporated will post 14.29 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Tuesday, July 9th were given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Tuesday, July 9th. Mastercard’s dividend payout ratio is presently 20.99%.

Insider Buying and Selling at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 111,000 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $451.07, for a total transaction of $50,068,770.00. Following the transaction, the insider now owns 92,672,308 shares in the company, valued at $41,801,697,969.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Craig Vosburg sold 9,028 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $451.06, for a total value of $4,072,169.68. Following the transaction, the insider now owns 58,940 shares of the company’s stock, valued at approximately $26,585,476.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Foundation Mastercard sold 111,000 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $451.07, for a total transaction of $50,068,770.00. Following the completion of the transaction, the insider now directly owns 92,672,308 shares in the company, valued at approximately $41,801,697,969.56. The disclosure for this sale can be found here. Insiders have sold 827,467 shares of company stock worth $379,595,815 over the last quarter. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on MA shares. BNP Paribas cut shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price for the company. in a research report on Tuesday, September 3rd. Citigroup raised their price objective on shares of Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. William Blair upgraded shares of Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. lifted their price target on shares of Mastercard from $500.00 to $570.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $520.00 price target on shares of Mastercard in a research note on Wednesday, August 14th. Five equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $510.88.

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.