Turtle Creek Wealth Advisors LLC Boosts Stake in Mastercard Incorporated $MA

Turtle Creek Wealth Advisors LLC grew its position in shares of Mastercard Incorporated (NYSE:MA) by 12.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,501 shares of the credit services provider’s stock after buying an additional 2,054 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in Mastercard were worth $9,502,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MA. Robinswood Financial LLC bought a new stake in Mastercard during the first quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. grew its stake in Mastercard by 820.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 41 shares during the period. Strive Financial Group LLC bought a new position in Mastercard in the 4th quarter valued at $27,000. Hyposwiss Advisors SA purchased a new stake in shares of Mastercard during the 4th quarter valued at $29,000. Finally, First Pacific Financial raised its stake in shares of Mastercard by 113.8% during the 1st quarter. First Pacific Financial now owns 62 shares of the credit services provider’s stock worth $31,000 after purchasing an additional 33 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Trading Down 0.0%

Shares of MA opened at $574.21 on Thursday. The business has a 50-day moving average of $535.21 and a 200 day moving average of $517.37. Mastercard Incorporated has a fifty-two week low of $464.52 and a fifty-two week high of $601.77. The firm has a market cap of $503.01 billion, a P/E ratio of 31.58, a price-to-earnings-growth ratio of 1.73 and a beta of 0.72. The company has a debt-to-equity ratio of 3.96, a quick ratio of 1.06 and a current ratio of 1.06.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, July 30th. The credit services provider reported $5.04 EPS for the quarter, beating the consensus estimate of $4.77 by $0.27. The business had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.08 billion. Mastercard had a net margin of 46.34% and a return on equity of 239.99%. The company’s revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.15 earnings per share. As a group, research analysts forecast that Mastercard Incorporated will post 19.86 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Thursday, July 9th were given a $0.87 dividend. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. Mastercard’s payout ratio is 19.14%.

Insider Buying and Selling

In related news, CEO Michael Miebach sold 15,372 shares of Mastercard stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $575.00, for a total value of $8,838,900.00. Following the completion of the transaction, the chief executive officer directly owned 93,693 shares in the company, valued at approximately $53,873,475. The trade was a 14.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Linda Pistecchia Kirkpatrick sold 4,280 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $570.31, for a total transaction of $2,440,926.80. Following the sale, the insider directly owned 31,179 shares in the company, valued at $17,781,695.49. The trade was a 12.07% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 62,913 shares of company stock valued at $35,769,036. Corporate insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

MA has been the topic of a number of research analyst reports. UBS Group boosted their price target on shares of Mastercard from $640.00 to $670.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Susquehanna lowered their price objective on shares of Mastercard from $670.00 to $665.00 and set a “positive” rating on the stock in a research report on Friday, May 1st. Piper Sandler initiated coverage on shares of Mastercard in a research note on Monday, June 29th. They issued an “overweight” rating and a $597.00 target price on the stock. KeyCorp increased their target price on shares of Mastercard from $670.00 to $680.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Finally, Barclays raised their price target on shares of Mastercard from $640.00 to $660.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Five research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $661.93.

Mastercard 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.