Custos Family Office LLC Grows Stock Holdings in Mastercard Incorporated $MA

Custos Family Office LLC lifted its position in shares of Mastercard Incorporated (NYSE:MA) by 29.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 535 shares of the credit services provider’s stock after buying an additional 123 shares during the quarter. Custos Family Office LLC’s holdings in Mastercard were worth $301,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of MA. Brighton Jones LLC lifted its stake in shares of Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after buying an additional 2,028 shares in the last quarter. Apella Capital LLC purchased a new position in shares of Mastercard during the 1st quarter valued at $337,000. Accel Wealth Management lifted its stake in shares of Mastercard by 6.2% during the 1st quarter. Accel Wealth Management now owns 671 shares of the credit services provider’s stock valued at $368,000 after buying an additional 39 shares in the last quarter. Matrix Trust Co lifted its stake in shares of Mastercard by 35.6% during the 1st quarter. Matrix Trust Co now owns 411 shares of the credit services provider’s stock valued at $225,000 after buying an additional 108 shares in the last quarter. Finally, Warren Street Wealth Advisors LLC lifted its stake in shares of Mastercard by 6.7% during the 1st quarter. Warren Street Wealth Advisors LLC now owns 1,185 shares of the credit services provider’s stock valued at $650,000 after buying an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of NYSE:MA opened at $577.76 on Friday. The company has a market capitalization of $522.30 billion, a price-to-earnings ratio of 38.96, a PEG ratio of 2.35 and a beta of 0.97. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The firm’s 50-day moving average is $580.00 and its 200 day moving average is $561.32. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41.

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

Mastercard Dividend Announcement

The company 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 dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard’s dividend payout ratio is presently 20.50%.

Analyst Upgrades and Downgrades

Several analysts have commented on MA shares. Truist Financial decreased their price target on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a research note on Thursday, July 17th. Jefferies Financial Group reiterated a “buy” rating on shares of Mastercard in a research note on Friday, June 6th. Wall Street Zen cut shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. Morgan Stanley boosted their price target on shares of Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Finally, Wells Fargo & Company boosted their price target on shares of Mastercard from $625.00 to $650.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $630.89.

Insider Activity

In related news, CFO J. Mehra Sachin sold 17,816 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $18,330,922.26. This represents a 36.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Julius Genachowski sold 312 shares of the company’s stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $570.67, for a total transaction of $178,049.04. Following the completion of the transaction, the director owned 8,469 shares in the company, valued at $4,833,004.23. This represents a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,391 shares of company stock worth $20,836,514 over the last quarter. 0.09% of the stock is currently owned by 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.