OAKMONT Corp Reduces Stock Holdings in Mastercard Incorporated $MA

OAKMONT Corp lowered its stake in shares of Mastercard Incorporated (NYSE:MA) by 0.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 123,445 shares of the credit services provider’s stock after selling 416 shares during the quarter. Mastercard comprises approximately 12.2% of OAKMONT Corp’s holdings, making the stock its 3rd largest holding. OAKMONT Corp’s holdings in Mastercard were worth $69,369,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Worth Financial Advisory Group LLC bought a new position in Mastercard during the second quarter worth $215,000. Willow Creek Wealth Management Inc. increased its holdings in Mastercard by 1.9% in the 2nd quarter. Willow Creek Wealth Management Inc. now owns 1,107 shares of the credit services provider’s stock valued at $622,000 after buying an additional 21 shares during the period. James Hambro & Partners LLP increased its holdings in Mastercard by 2.5% in the 2nd quarter. James Hambro & Partners LLP now owns 3,599 shares of the credit services provider’s stock valued at $2,021,000 after buying an additional 88 shares during the period. Avior Wealth Management LLC increased its holdings in Mastercard by 10.5% in the 2nd quarter. Avior Wealth Management LLC now owns 10,239 shares of the credit services provider’s stock valued at $5,754,000 after buying an additional 975 shares during the period. Finally, Chatham Capital Group Inc. increased its holdings in Mastercard by 2.2% in the 2nd quarter. Chatham Capital Group Inc. now owns 6,047 shares of the credit services provider’s stock valued at $3,398,000 after buying an additional 130 shares during the period. Institutional investors own 97.28% of the company’s stock.

Insiders Place Their Bets

In other Mastercard news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $560.00, for a total transaction of $536,480.00. Following the sale, the insider owned 23,624 shares of the company’s stock, valued at $13,229,440. This represents a 3.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO J. Mehra Sachin sold 17,263 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the sale, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,459,294. This represents a 35.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,349 shares of company stock valued at $21,372,994 in the last 90 days. 0.09% of the stock is currently owned by insiders.

Mastercard Trading Down 0.3%

Shares of Mastercard stock opened at $565.63 on Friday. The stock has a market capitalization of $511.34 billion, a P/E ratio of 38.14, a price-to-earnings-growth ratio of 2.32 and a beta of 0.99. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The company has a 50-day simple moving average of $579.00 and a 200 day simple moving average of $560.29. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.05 by $0.10. The business had revenue of $8.13 billion during the quarter, compared to analysts’ expectations of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter last year, the company posted $3.50 EPS. Research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard’s dividend payout ratio is currently 20.50%.

Wall Street Analysts Forecast Growth

MA has been the topic of several analyst reports. Wells Fargo & Company boosted their price target on shares of Mastercard from $625.00 to $650.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Wall Street Zen lowered shares of Mastercard from a “buy” rating to a “hold” rating in a report on Friday. TD Cowen reissued a “buy” rating and issued a $645.00 price target on shares of Mastercard in a report on Monday, August 11th. Wolfe Research set a $655.00 price target on shares of Mastercard in a report on Monday, June 23rd. Finally, Royal Bank Of Canada boosted their price target on shares of Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a report 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $630.89.

About Mastercard

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.