Mine & Arao Wealth Creation & Management LLC. Cuts Stock Holdings in Mastercard Incorporated (NYSE:MA)

Mine & Arao Wealth Creation & Management LLC. cut its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,586 shares of the credit services provider’s stock after selling 32 shares during the period. Mastercard accounts for approximately 0.6% of Mine & Arao Wealth Creation & Management LLC.’s holdings, making the stock its 23rd biggest holding. Mine & Arao Wealth Creation & Management LLC.’s holdings in Mastercard were worth $1,277,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MA. Vanguard Group Inc. lifted its position in shares of Mastercard by 0.4% during the first quarter. Vanguard Group Inc. now owns 75,584,606 shares of the credit services provider’s stock worth $36,399,279,000 after purchasing an additional 330,872 shares in the last quarter. Capital Research Global Investors increased its stake in Mastercard by 0.3% during the 1st quarter. Capital Research Global Investors now owns 13,651,904 shares of the credit services provider’s stock worth $6,574,347,000 after buying an additional 43,881 shares during the period. International Assets Investment Management LLC lifted its holdings in Mastercard by 120,665.3% in the 3rd quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock worth $3,971,020,000 after buying an additional 8,035,099 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Mastercard by 1.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,082,729 shares of the credit services provider’s stock valued at $2,241,297,000 after buying an additional 71,569 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in shares of Mastercard by 2.7% during the second quarter. Canada Pension Plan Investment Board now owns 4,327,168 shares of the credit services provider’s stock valued at $1,908,973,000 after acquiring an additional 113,238 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Barclays increased their price target on Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Citigroup increased their target price on Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a research note on Monday. Susquehanna upped their price target on shares of Mastercard from $540.00 to $605.00 and gave the company a “positive” rating in a report on Friday, November 1st. Mizuho increased their price objective on shares of Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Robert W. Baird boosted their target price on shares of Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and a consensus target price of $540.17.

Insider Activity

In related news, major shareholder Foundation Mastercard sold 119,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the completion of the transaction, the insider now owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the transaction, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 119,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the completion of the sale, the insider now owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 327,370 shares of company stock worth $153,495,958. 0.10% of the stock is owned by company insiders.

Mastercard Price Performance

Shares of MA opened at $517.88 on Friday. Mastercard Incorporated has a one year low of $386.74 and a one year high of $527.90. The stock’s fifty day moving average is $498.11 and its 200-day moving average is $468.02. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market capitalization of $478.44 billion, a price-to-earnings ratio of 39.17, a price-to-earnings-growth ratio of 2.21 and a beta of 1.10.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. The company had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. Mastercard’s revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the firm earned $3.39 EPS. Equities analysts anticipate that Mastercard Incorporated will post 14.45 EPS for the current year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Wednesday, October 9th. Mastercard’s payout ratio is currently 19.97%.

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.