Mastercard Incorporated $MA Shares Acquired by Motiv8 Investments LLC

Motiv8 Investments LLC lifted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 10.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,353 shares of the credit services provider’s stock after acquiring an additional 227 shares during the period. Motiv8 Investments LLC’s holdings in Mastercard were worth $1,322,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Brighton Jones LLC raised its stake in Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after acquiring an additional 2,028 shares during the last quarter. Congress Asset Management Co. raised its stake in shares of Mastercard by 1.3% in the first quarter. Congress Asset Management Co. now owns 32,115 shares of the credit services provider’s stock worth $17,603,000 after purchasing an additional 421 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Mastercard by 7.2% during the first quarter. Sivia Capital Partners LLC now owns 1,960 shares of the credit services provider’s stock worth $1,074,000 after purchasing an additional 132 shares during the period. Wedmont Private Capital boosted its position in Mastercard by 3.9% in the first quarter. Wedmont Private Capital now owns 10,777 shares of the credit services provider’s stock valued at $5,494,000 after buying an additional 409 shares during the last quarter. Finally, Charter Oak Capital Management LLC increased its holdings in Mastercard by 11.0% in the 1st quarter. Charter Oak Capital Management LLC now owns 1,114 shares of the credit services provider’s stock worth $611,000 after buying an additional 110 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the transaction, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at $18,330,922.26. This trade represents a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

Mastercard Trading Up 0.6%

Shares of Mastercard stock opened at $581.08 on Monday. The firm has a 50-day simple moving average of $580.26 and a two-hundred day simple moving average of $562.03. 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 fifty-two week low of $465.59 and a fifty-two week high of $601.77. The company has a market cap of $525.30 billion, a P/E ratio of 39.18, a price-to-earnings-growth ratio of 2.38 and a beta of 0.97.

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

Mastercard Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Mastercard in a research note on Saturday, September 27th. Wolfe Research set a $655.00 target price on shares of Mastercard in a research report on Monday, June 23rd. Royal Bank Of Canada upped their price target on shares of Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Wells Fargo & Company increased their price target on Mastercard from $625.00 to $650.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Finally, Morgan Stanley boosted their price objective on Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Mastercard has an average rating of “Buy” and a consensus target price of $630.89.

Mastercard Company 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.