Soltis Investment Advisors LLC Buys 69 Shares of Mastercard Incorporated (NYSE:MA)

Soltis Investment Advisors LLC lifted its stake in Mastercard Incorporated (NYSE:MA – Get Rating) by 11.8% during the first quarter, Holdings Channel reports. The fund owned 656 shares of the credit services provider’s stock after acquiring an additional 69 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Mastercard were worth $234,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in MA. Norges Bank bought a new position in Mastercard in the 4th quarter worth approximately $3,107,220,000. Lone Pine Capital LLC bought a new position in Mastercard in the 4th quarter worth approximately $1,732,927,000. State Street Corp increased its position in Mastercard by 4.4% in the 4th quarter. State Street Corp now owns 35,528,530 shares of the credit services provider’s stock worth $12,766,111,000 after buying an additional 1,511,927 shares during the period. Capital International Investors increased its position in Mastercard by 8.5% in the 4th quarter. Capital International Investors now owns 14,789,616 shares of the credit services provider’s stock worth $5,314,216,000 after buying an additional 1,160,809 shares during the period. Finally, Coatue Management LLC bought a new position in Mastercard in the 4th quarter worth approximately $279,374,000. 74.94% of the stock is owned by institutional investors.

Mastercard Stock Up 0.5 %

NYSE:MA opened at $356.07 on Friday. Mastercard Incorporated has a 12-month low of $303.65 and a 12-month high of $399.92. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 2.20. The firm has a market capitalization of $346.33 billion, a P/E ratio of 36.08, a P/E/G ratio of 1.68 and a beta of 1.04. The stock’s fifty day simple moving average is $335.69 and its 200-day simple moving average is $347.83.

Mastercard (NYSE:MA – Get Rating) last posted its quarterly earnings results on Thursday, July 28th. The credit services provider reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.20. The business had revenue of $5.50 billion for the quarter, compared to analyst estimates of $5.26 billion. Mastercard had a return on equity of 143.35% and a net margin of 46.49%. The firm’s revenue was up 21.5% on a year-over-year basis. During the same period last year, the company earned $1.95 EPS. Equities research analysts expect that Mastercard Incorporated will post 10.64 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 9th. Shareholders of record on Friday, July 8th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Thursday, July 7th. Mastercard’s payout ratio is currently 19.86%.

Analyst Upgrades and Downgrades

MA has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their price objective on Mastercard from $430.00 to $425.00 in a report on Wednesday, July 20th. Citigroup decreased their price objective on Mastercard from $453.00 to $415.00 in a report on Tuesday, July 26th. Truist Financial decreased their price objective on Mastercard from $450.00 to $420.00 and set a “buy” rating on the stock in a report on Thursday, June 30th. Wells Fargo & Company decreased their price objective on Mastercard from $450.00 to $400.00 and set an “overweight” rating on the stock in a report on Wednesday, July 13th. Finally, Bank of America decreased their price target on Mastercard from $416.00 to $402.00 and set a “buy” rating on the stock in a research note on Monday, April 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $414.55.

Insider Buying and Selling at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 106,326 shares of Mastercard stock in a transaction that occurred on Monday, May 9th. The shares were sold at an average price of $329.93, for a total value of $35,080,137.18. Following the transaction, the insider now owns 104,054,624 shares of the company’s stock, valued at $34,330,742,096.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders have sold 318,982 shares of company stock valued at $105,338,500. 0.33% of the stock is currently owned by corporate insiders.

Mastercard Profile

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Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.