Mastercard Incorporated $MA Shares Bought by Lyell Wealth Management LP

Lyell Wealth Management LP grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 11.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,866 shares of the credit services provider’s stock after purchasing an additional 1,926 shares during the quarter. Lyell Wealth Management LP’s holdings in Mastercard were worth $10,602,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Accretive Wealth Partners LLC raised its holdings in shares of Mastercard by 0.7% during the 2nd quarter. Accretive Wealth Partners LLC now owns 2,738 shares of the credit services provider’s stock valued at $1,539,000 after buying an additional 19 shares during the period. Stephens Inc. AR boosted its holdings in Mastercard by 0.6% in the 2nd quarter. Stephens Inc. AR now owns 91,099 shares of the credit services provider’s stock worth $51,192,000 after acquiring an additional 556 shares during the period. Mountain Capital Investment Advisors Inc. grew its position in Mastercard by 25.4% in the second quarter. Mountain Capital Investment Advisors Inc. now owns 513 shares of the credit services provider’s stock valued at $290,000 after acquiring an additional 104 shares in the last quarter. Swan Global Investments LLC grew its position in Mastercard by 21.9% in the second quarter. Swan Global Investments LLC now owns 596 shares of the credit services provider’s stock valued at $335,000 after acquiring an additional 107 shares in the last quarter. Finally, Calamos Wealth Management LLC raised its stake in shares of Mastercard by 0.9% during the second quarter. Calamos Wealth Management LLC now owns 4,473 shares of the credit services provider’s stock valued at $2,514,000 after purchasing an additional 41 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of Mastercard stock opened at $561.42 on Monday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The firm’s 50-day simple moving average is $580.22 and its 200-day simple moving average is $563.50. The firm has a market cap of $507.53 billion, a PE 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 quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating the consensus estimate of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm 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 company earned $3.50 earnings per share. Mastercard’s quarterly revenue was up 16.8% on a year-over-year basis. Equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s dividend payout ratio is currently 20.50%.

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of Mastercard stock in a transaction on Tuesday, August 19th. The shares were 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 $18,330,922.26. The trade was a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.09% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MA. Truist Financial decreased their target price on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a research note on Thursday, July 17th. Morgan Stanley boosted their price objective on shares of Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Royal Bank Of Canada raised their target price on Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. KeyCorp lifted their target price on Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Finally, TD Cowen reissued a “buy” rating and issued a $645.00 price target on shares of Mastercard in a report on Monday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Mastercard currently has an average rating of “Buy” and an average target price of $634.04.

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.