BOS Asset Management LLC Increases Stake in Mastercard Incorporated $MA

BOS Asset Management LLC increased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 1.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,476 shares of the credit services provider’s stock after buying an additional 25 shares during the period. BOS Asset Management LLC’s holdings in Mastercard were worth $809,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MA. Flaharty Asset Management LLC purchased a new stake in Mastercard during the 1st quarter worth approximately $27,000. Keystone Global Partners LLC purchased a new stake in Mastercard during the 1st quarter worth approximately $31,000. 10Elms LLP purchased a new stake in shares of Mastercard in the 4th quarter valued at approximately $33,000. Hughes Financial Services LLC purchased a new stake in shares of Mastercard in the 1st quarter valued at approximately $34,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Mastercard in the 4th quarter valued at approximately $36,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Truist Financial dropped their price objective on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a research report on Thursday, July 17th. Wolfe Research set a $655.00 price objective on shares of Mastercard in a research report on Monday, June 23rd. The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a research report on Friday, August 1st. Jefferies Financial Group reissued a “buy” rating on shares of Mastercard in a research report on Friday, June 6th. Finally, Wall Street Zen raised shares of Mastercard from a “hold” rating to a “buy” rating in a research report on Friday, July 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and an average price target of $626.54.

Mastercard Trading Down 0.7%

Shares of Mastercard stock opened at $580.07 on Thursday. The company has a fifty day simple moving average of $573.86 and a 200-day simple moving average of $558.03. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The stock has a market cap of $524.39 billion, a price-to-earnings ratio of 39.11, a PEG ratio of 2.40 and a beta of 0.99.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.05 by $0.10. The business had revenue of $8.13 billion during the quarter, compared to analysts’ expectations of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.50 EPS. On average, equities analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Wednesday, July 9th were paid a dividend of $0.76 per share. The ex-dividend date was Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard’s dividend payout ratio is currently 20.50%.

Insider Activity

In related news, insider Craig Vosburg sold 9,428 shares of the stock in a transaction on Friday, June 20th. The shares were sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the completion of the sale, the insider owned 58,451 shares in the company, valued at $20,636,125.55. This represents a 13.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of the stock in a transaction on Monday, June 30th. The stock was sold at an average price of $560.00, for a total transaction of $536,480.00. Following the sale, the insider owned 23,624 shares of the company’s stock, valued at approximately $13,229,440. This represents a 3.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,053 shares of company stock worth $27,071,234 over the last 90 days. 0.09% of the stock is owned by corporate insiders.

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.