Sage Mountain Advisors LLC Acquires 641 Shares of Mastercard Incorporated $MA

Sage Mountain Advisors LLC lifted its holdings in Mastercard Incorporated (NYSE:MA) by 12.5% in the second quarter, Holdings Channel reports. The fund owned 5,782 shares of the credit services provider’s stock after purchasing an additional 641 shares during the quarter. Sage Mountain Advisors LLC’s holdings in Mastercard were worth $3,249,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. LGT Financial Advisors LLC bought a new position in shares of Mastercard in the 2nd quarter valued at about $25,000. Family Legacy Financial Solutions LLC bought a new position in shares of Mastercard in the 2nd quarter valued at about $26,000. Flaharty Asset Management LLC bought a new position in shares of Mastercard in the 1st quarter valued at about $27,000. Keystone Global Partners LLC bought a new position in shares of Mastercard in the 1st quarter valued at about $31,000. Finally, IMG Wealth Management Inc. bought a new position in shares of Mastercard in the 2nd quarter valued at about $31,000. Institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

MA has been the topic of a number of recent analyst reports. TD Cowen reissued a “buy” rating and issued a $645.00 price objective on shares of Mastercard in a research report on Monday, August 11th. The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a research report on Friday, August 1st. Seaport Res Ptn raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. KeyCorp reissued an “overweight” rating and issued a $665.00 price objective on shares of Mastercard in a research report on Wednesday. Finally, Wells Fargo & Company raised shares of Mastercard to a “strong-buy” rating in a research report on Wednesday. Five analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $638.96.

Mastercard Stock Performance

Shares of NYSE:MA opened at $573.72 on Friday. The firm has a market cap of $518.65 billion, a PE ratio of 38.69, a price-to-earnings-growth ratio of 2.35 and a beta of 0.97. The firm’s 50 day simple moving average is $579.51 and its 200-day simple moving average is $565.40. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. 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 (NYSE:MA) last issued its quarterly earnings data 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 company had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. Mastercard’s revenue was up 16.8% compared to the same quarter last year. During the same period last year, the company posted $3.50 earnings per share. As a group, equities analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The firm also recently disclosed 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 of this dividend is Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.50%.

Insider Transactions at Mastercard

In related news, CFO J. Mehra Sachin sold 17,816 shares of Mastercard stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which is available through this link. 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.