Tanager Wealth Management LLP Acquires New Stake in Mastercard Incorporated (NYSE:MA)

Tanager Wealth Management LLP bought a new position in Mastercard Incorporated (NYSE:MA) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 507 shares of the credit services provider’s stock, valued at approximately $278,000.

A number of other large investors have also made changes to their positions in MA. Richard W. Paul & Associates LLC boosted its stake in shares of Mastercard by 0.9% in the fourth quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider’s stock worth $1,182,000 after acquiring an additional 19 shares during the last quarter. Founders Financial Alliance LLC lifted its holdings in Mastercard by 2.9% in the 4th quarter. Founders Financial Alliance LLC now owns 676 shares of the credit services provider’s stock valued at $356,000 after purchasing an additional 19 shares in the last quarter. BlackDiamond Wealth Management LLC boosted its stake in Mastercard by 2.3% during the 4th quarter. BlackDiamond Wealth Management LLC now owns 846 shares of the credit services provider’s stock worth $445,000 after purchasing an additional 19 shares during the last quarter. Fi3 FINANCIAL ADVISORS LLC grew its holdings in shares of Mastercard by 2.6% during the fourth quarter. Fi3 FINANCIAL ADVISORS LLC now owns 736 shares of the credit services provider’s stock worth $388,000 after buying an additional 19 shares in the last quarter. Finally, Strategy Asset Managers LLC raised its position in shares of Mastercard by 2.1% in the fourth quarter. Strategy Asset Managers LLC now owns 911 shares of the credit services provider’s stock valued at $480,000 after buying an additional 19 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MA shares. Macquarie decreased their price target on shares of Mastercard from $645.00 to $610.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Jefferies Financial Group reissued a “buy” rating on shares of Mastercard in a research note on Friday, June 6th. Monness Crespi & Hardt cut Mastercard from a “buy” rating to a “neutral” rating in a report on Wednesday, April 9th. Wall Street Zen cut Mastercard from a “buy” rating to a “hold” rating in a report on Saturday, June 14th. Finally, Evercore ISI began coverage on Mastercard in a research note on Wednesday, April 9th. They set an “in-line” rating and a $550.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and a consensus target price of $611.50.

Insider Activity

In other Mastercard news, insider Craig Vosburg sold 14,051 shares of the company’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the sale, the insider now owns 58,451 shares in the company, valued at $34,196,757.55. This represents a 19.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $580.00, for a total value of $87,000.00. Following the completion of the transaction, the insider now owns 3,255 shares of the company’s stock, valued at $1,887,900. The trade was a 4.41% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,383 shares of company stock valued at $19,035,108. 0.09% of the stock is currently owned by company insiders.

Mastercard Stock Down 0.5%

Shares of NYSE MA opened at $546.71 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81. The business’s 50 day moving average is $562.44 and its two-hundred day moving average is $545.20. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $594.71. The firm has a market cap of $498.44 billion, a price-to-earnings ratio of 38.34, a PEG ratio of 2.40 and a beta of 1.05.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.57 by $0.16. The firm had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.31 EPS. Research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Wednesday, July 9th. Mastercard’s payout ratio is 21.32%.

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.