Waycross Partners LLC Acquires 1,708 Shares of Mastercard Incorporated $MA

Waycross Partners LLC lifted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 2.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 71,670 shares of the credit services provider’s stock after purchasing an additional 1,708 shares during the period. Mastercard comprises about 3.4% of Waycross Partners LLC’s investment portfolio, making the stock its 11th biggest position. Waycross Partners LLC’s holdings in Mastercard were worth $35,811,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. J. Stern & Co. LLP boosted its position in Mastercard by 53,535.0% during the fourth quarter. J. Stern & Co. LLP now owns 72,597,097 shares of the credit services provider’s stock valued at $41,444,231,000 after buying an additional 72,461,743 shares during the period. Norges Bank purchased a new position in shares of Mastercard in the fourth quarter worth about $6,705,708,000. Cardano Risk Management B.V. increased its holdings in shares of Mastercard by 861.6% in the fourth quarter. Cardano Risk Management B.V. now owns 4,072,210 shares of the credit services provider’s stock worth $2,324,743,000 after buying an additional 3,648,748 shares during the period. State Street Corp lifted its stake in shares of Mastercard by 2.8% in the 3rd quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock valued at $20,807,283,000 after acquiring an additional 997,536 shares during the last quarter. Finally, Cibc World Markets Corp bought a new stake in shares of Mastercard in the 4th quarter valued at about $497,311,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Trading Down 0.0%

NYSE MA opened at $543.55 on Monday. Mastercard Incorporated has a fifty-two week low of $464.52 and a fifty-two week high of $601.77. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a 50 day simple moving average of $503.99 and a two-hundred day simple moving average of $515.80. The stock has a market cap of $480.27 billion, a P/E ratio of 31.46, a price-to-earnings-growth ratio of 1.70 and a beta of 0.73.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, topping analysts’ consensus estimates of $4.41 by $0.19. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The firm had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.26 billion. During the same period last year, the company earned $3.73 EPS. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. On average, analysts forecast that Mastercard Incorporated will post 19.62 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 9th will be issued 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 payout ratio is 20.14%.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Sandra A. Arkell sold 200 shares of the business’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $540.00, for a total transaction of $108,000.00. Following the transaction, the insider directly owned 3,322 shares of the company’s stock, valued at approximately $1,793,880. The trade was a 5.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Raj Seshadri sold 1,977 shares of the company’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $529.73, for a total transaction of $1,047,276.21. Following the completion of the transaction, the insider 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 7,005 shares of company stock worth $3,689,976. 0.09% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. TD Cowen reduced their price target on Mastercard from $671.00 to $664.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Raymond James Financial set a $609.00 price objective on Mastercard in a research report on Friday, May 1st. BMO Capital Markets began coverage on Mastercard in a research note on Tuesday, April 21st. They set an “outperform” rating and a $605.00 price objective for the company. Susquehanna cut their target price on shares of Mastercard from $670.00 to $665.00 and set a “positive” rating on the stock in a report on Friday, May 1st. Finally, Weiss Ratings downgraded shares of Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Eight investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $653.92.

Mastercard Company Profile

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.