Tempus Wealth Planning LLC Boosts Holdings in Mastercard Incorporated (NYSE:MA)

Tempus Wealth Planning LLC boosted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 8.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 659 shares of the credit services provider’s stock after purchasing an additional 52 shares during the period. Tempus Wealth Planning LLC’s holdings in Mastercard were worth $317,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Evergreen Capital Management LLC increased its position in Mastercard by 1.7% during the 3rd quarter. Evergreen Capital Management LLC now owns 8,319 shares of the credit services provider’s stock worth $3,294,000 after purchasing an additional 143 shares in the last quarter. Jackson Wealth Management LLC lifted its position in Mastercard by 1.7% during the 3rd quarter. Jackson Wealth Management LLC now owns 28,352 shares of the credit services provider’s stock worth $11,225,000 after acquiring an additional 487 shares in the last quarter. Scotia Capital Inc. lifted its position in Mastercard by 1.8% during the 3rd quarter. Scotia Capital Inc. now owns 133,633 shares of the credit services provider’s stock worth $52,909,000 after acquiring an additional 2,328 shares in the last quarter. Sandler Capital Management lifted its position in Mastercard by 22.2% during the 3rd quarter. Sandler Capital Management now owns 16,748 shares of the credit services provider’s stock worth $6,631,000 after acquiring an additional 3,045 shares in the last quarter. Finally, Rokos Capital Management LLP acquired a new position in Mastercard during the 3rd quarter worth approximately $19,272,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Trading Up 0.8 %

Shares of MA stock opened at $448.18 on Friday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $490.00. The stock has a fifty day moving average of $450.19 and a two-hundred day moving average of $453.55. The firm has a market capitalization of $416.63 billion, a PE ratio of 35.63, a price-to-earnings-growth ratio of 1.75 and a beta of 1.09.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. The company had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.80 EPS. As a group, research analysts expect that Mastercard Incorporated will post 14.26 EPS for the current year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.59%. Mastercard’s dividend payout ratio (DPR) is 20.99%.

Wall Street Analysts Forecast Growth

MA has been the topic of several analyst reports. Robert W. Baird lifted their price objective on Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. Barclays dropped their price objective on Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a report on Monday, May 6th. Mizuho lowered their price target on Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Evercore ISI lowered their price target on Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Finally, JPMorgan Chase & Co. lowered their price target on Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Mastercard has an average rating of “Moderate Buy” and an average price target of $496.91.

Insider Activity

In other news, insider Sandra A. Arkell sold 300 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $447.23, for a total transaction of $134,169.00. Following the sale, the insider now directly owns 4,063 shares of the company’s stock, valued at $1,817,095.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Sandra A. Arkell sold 300 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $447.23, for a total transaction of $134,169.00. Following the sale, the insider now directly owns 4,063 shares of the company’s stock, valued at $1,817,095.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Hai Ling sold 2,892 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $460.00, for a total value of $1,330,320.00. Following the transaction, the insider now directly owns 21,420 shares in the company, valued at $9,853,200. The disclosure for this sale can be found here. Insiders sold a total of 3,163,228 shares of company stock worth $1,428,540,870 over the last 90 days. 0.10% of the stock is currently owned by company insiders.

Mastercard Company 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.