Solstein Capital LLC Has $1.18 Million Stock Holdings in Mastercard Incorporated $MA

Solstein Capital LLC increased its position in shares of Mastercard Incorporated (NYSE:MA) by 12.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,096 shares of the credit services provider’s stock after acquiring an additional 237 shares during the quarter. Solstein Capital LLC’s holdings in Mastercard were worth $1,178,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. LGT Financial Advisors LLC bought a new stake in Mastercard in the second quarter valued at about $25,000. Family Legacy Financial Solutions LLC bought a new stake in Mastercard in the second quarter valued at about $26,000. Flaharty Asset Management LLC bought a new stake in Mastercard in the first quarter valued at about $27,000. Keystone Global Partners LLC bought a new stake in Mastercard in the first quarter valued at about $31,000. Finally, IMG Wealth Management Inc. bought a new stake in Mastercard in the second quarter valued at about $31,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Down 0.0%

Shares of Mastercard stock opened at $573.72 on Monday. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market capitalization of $518.65 billion, a P/E ratio of 38.69, a price-to-earnings-growth ratio of 2.35 and a beta of 0.97. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The business has a 50-day moving average of $579.51 and a two-hundred day moving average of $566.36.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.05 by $0.10. The business had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.Mastercard’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period last year, the company earned $3.50 earnings per share. As a group, equities analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be issued a dividend of $0.76 per share. The ex-dividend date is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. Mastercard’s dividend payout ratio (DPR) is presently 20.50%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MA. Truist Financial set a $638.00 price objective on Mastercard in a report on Friday. KeyCorp reiterated an “overweight” rating and issued a $665.00 price objective on shares of Mastercard in a report on Wednesday, October 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Mastercard in a report on Saturday. Robert W. Baird increased their price target on Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Finally, Wall Street Zen upgraded Mastercard from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. Five research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mastercard currently has an average rating of “Buy” and a consensus price target of $638.96.

Insider Activity

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 transaction of $10,456,032.24. Following the completion of the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,330,922.26. This trade represents a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.09% 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.