Waycross Partners LLC Has $17.21 Million Stake in Mastercard Incorporated (NYSE:MA)

Waycross Partners LLC increased its stake in Mastercard Incorporated (NYSE:MA) by 12.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 39,019 shares of the credit services provider’s stock after purchasing an additional 4,243 shares during the period. Mastercard makes up 2.6% of Waycross Partners LLC’s holdings, making the stock its 12th largest position. Waycross Partners LLC’s holdings in Mastercard were worth $17,214,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. grew its holdings in shares of Mastercard by 8.3% during the fourth quarter. Gilbert & Cook Inc. now owns 3,134 shares of the credit services provider’s stock worth $1,337,000 after buying an additional 241 shares in the last quarter. Aveo Capital Partners LLC grew its stake in shares of Mastercard by 8.8% during the 4th quarter. Aveo Capital Partners LLC now owns 1,427 shares of the credit services provider’s stock worth $609,000 after acquiring an additional 116 shares in the last quarter. Gryphon Financial Partners LLC raised its holdings in shares of Mastercard by 7.3% in the fourth quarter. Gryphon Financial Partners LLC now owns 8,431 shares of the credit services provider’s stock valued at $3,565,000 after purchasing an additional 571 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its position in shares of Mastercard by 114.5% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 3,485 shares of the credit services provider’s stock worth $1,486,000 after purchasing an additional 1,860 shares in the last quarter. Finally, MainStreet Investment Advisors LLC boosted its holdings in Mastercard by 1.1% during the fourth quarter. MainStreet Investment Advisors LLC now owns 3,303 shares of the credit services provider’s stock worth $1,409,000 after purchasing an additional 36 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MA shares. JPMorgan Chase & Co. increased their price objective on shares of Mastercard from $500.00 to $570.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Royal Bank of Canada raised their price target on Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Argus upgraded Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. William Blair raised shares of Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Finally, Barclays upped their price target on shares of Mastercard from $530.00 to $536.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Five equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and a consensus price target of $510.88.

Insider Buying and Selling

In other Mastercard news, insider Craig Vosburg sold 9,028 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $451.06, for a total transaction of $4,072,169.68. Following the sale, the insider now directly owns 58,940 shares in the company, valued at $26,585,476.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Mastercard news, insider Craig Vosburg sold 9,028 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $451.06, for a total value of $4,072,169.68. Following the sale, the insider now owns 58,940 shares of the company’s stock, valued at approximately $26,585,476.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 90,000 shares of Mastercard stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total value of $42,192,000.00. Following the completion of the transaction, the insider now owns 91,649,308 shares in the company, valued at approximately $42,965,195,590.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 720,467 shares of company stock worth $331,875,955. Company insiders own 0.10% of the company’s stock.

Mastercard Stock Performance

NYSE MA opened at $493.36 on Monday. Mastercard Incorporated has a 12-month low of $359.77 and a 12-month high of $496.85. The firm has a 50-day moving average price of $460.67 and a two-hundred day moving average price of $460.18. The company has a market capitalization of $458.63 billion, a P/E ratio of 39.22, a P/E/G ratio of 1.92 and a beta of 1.10. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.08. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The business had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. Analysts anticipate that Mastercard Incorporated will post 14.29 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Tuesday, July 9th were given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend was Tuesday, July 9th. Mastercard’s payout ratio is currently 20.99%.

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.