Elevation Point Wealth Partners LLC Acquires 7,090 Shares of Mastercard Incorporated $MA

Elevation Point Wealth Partners LLC grew its holdings in Mastercard Incorporated (NYSE:MAFree Report) by 77.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,211 shares of the credit services provider’s stock after purchasing an additional 7,090 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Mastercard were worth $8,100,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Sharp Wealth Advisory LLC acquired a new position in Mastercard during the first quarter worth $288,000. Platform Technology Partners grew its position in Mastercard by 12.5% in the first quarter. Platform Technology Partners now owns 3,405 shares of the credit services provider’s stock valued at $1,701,000 after purchasing an additional 379 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. grew its position in Mastercard by 44.6% in the first quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 7,133 shares of the credit services provider’s stock valued at $3,564,000 after purchasing an additional 2,200 shares in the last quarter. GPM Growth Investors Inc. increased its stake in Mastercard by 5.1% in the 1st quarter. GPM Growth Investors Inc. now owns 919 shares of the credit services provider’s stock valued at $459,000 after buying an additional 45 shares during the last quarter. Finally, Heritage Investors Management Corp lifted its position in Mastercard by 0.6% during the 1st quarter. Heritage Investors Management Corp now owns 129,091 shares of the credit services provider’s stock worth $64,502,000 after buying an additional 818 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In other news, insider Raj Seshadri sold 1,977 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $529.73, for a total value of $1,047,276.21. Following the completion of the sale, the insider directly owned 16,429 shares of the company’s stock, valued at $8,702,934.17. This trade represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.09% of the stock is owned by corporate insiders.

Key Stories Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

Mastercard Stock Performance

Shares of MA opened at $539.00 on Friday. The company has a market cap of $476.25 billion, a PE ratio of 31.19, a price-to-earnings-growth ratio of 1.63 and a beta of 0.73. The firm has a 50-day moving average of $497.34 and a 200-day moving average of $518.82. Mastercard Incorporated has a one year low of $464.52 and a one year high of $601.77. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98.

Mastercard (NYSE:MAGet Free Report) last issued its earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The company had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.26 billion. During the same period in the prior year, the firm earned $3.73 EPS. Mastercard’s quarterly revenue was up 15.8% compared to the same quarter last year. As a group, equities analysts forecast that Mastercard Incorporated will post 19.61 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 9th will be paid a $0.87 dividend. The ex-dividend date is Thursday, July 9th. This represents a $3.48 annualized dividend and a yield of 0.6%. Mastercard’s dividend payout ratio is currently 20.14%.

Analyst Upgrades and Downgrades

MA has been the subject of a number of recent research reports. Bank of America initiated coverage on shares of Mastercard in a research note on Thursday, March 5th. They set a “buy” rating and a $700.00 price objective for the company. Tigress Financial upped their target price on Mastercard from $730.00 to $735.00 and gave the stock a “strong-buy” rating in a report on Friday, March 13th. Loop Capital reissued a “buy” rating and set a $631.00 price target on shares of Mastercard in a research report on Wednesday, June 3rd. Evercore restated a “negative” rating on shares of Mastercard in a research note on Tuesday, March 17th. Finally, UBS Group restated a “buy” rating on shares of Mastercard in a research note on Thursday, June 25th. Seven equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $653.81.

Get Our Latest Research Report on MA

Mastercard Profile

(Free Report)

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.

See Also

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MAFree Report).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.