Sheaff Brock Investment Advisors LLC lessened its position in Mastercard Incorporated (NYSE:MA – Free Report) by 6.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,488 shares of the credit services provider’s stock after selling 476 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Mastercard were worth $3,204,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Highline Wealth Partners LLC acquired a new position in shares of Mastercard in the 3rd quarter valued at $25,000. Strategic Investment Solutions Inc. IL acquired a new stake in Mastercard during the second quarter valued at $34,000. Fairway Wealth LLC acquired a new position in Mastercard during the second quarter worth $35,000. First Personal Financial Services acquired a new stake in shares of Mastercard in the third quarter worth $39,000. Finally, Lowe Wealth Advisors LLC grew its position in shares of Mastercard by 74.0% in the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after purchasing an additional 37 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
MA has been the subject of a number of research reports. Barclays raised their price objective on Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. William Blair upgraded Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Bank of America lifted their target price on Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Susquehanna raised their price objective on shares of Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Finally, Morgan Stanley lifted their price objective on shares of Mastercard from $544.00 to $564.00 and gave the company an “overweight” rating in a report on Thursday. Four 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. According to data from MarketBeat.com, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus target price of $547.80.
Insider Activity
In other news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction that occurred on 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 sale, the chief marketing officer now directly owns 15,031 shares in the company, valued at approximately $7,363,085.66. This trade represents a 23.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 90,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the completion of the transaction, the insider now owns 91,649,308 shares of the company’s stock, valued at $42,965,195,590.40. This trade represents a 0.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 208,370 shares of company stock worth $97,749,218. 0.10% of the stock is currently owned by insiders.
Mastercard Trading Down 0.3 %
Shares of Mastercard stock opened at $520.40 on Friday. Mastercard Incorporated has a 52 week low of $394.76 and a 52 week high of $534.03. The stock has a market capitalization of $477.64 billion, a PE ratio of 39.36, a price-to-earnings-growth ratio of 2.28 and a beta of 1.10. 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 stock has a 50 day moving average price of $502.32 and a two-hundred day moving average price of $470.24.
Mastercard (NYSE:MA – Get Free Report) last released its 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. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The company had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same period in the previous year, the business posted $3.39 EPS. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. As a group, equities analysts anticipate that Mastercard Incorporated will post 14.45 earnings per share for the current fiscal year.
Mastercard Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were given a $0.66 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.51%. Mastercard’s dividend payout ratio (DPR) is presently 19.97%.
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.
Featured Articles
- Five stocks we like better than Mastercard
- How to Invest in the FAANG Stocks
- Top-Performing Non-Leveraged ETFs This Year
- What is a Stock Market Index and How Do You Use Them?
- Rivian’s Wild Ride: Is the Dip a Buying Opportunity?
- ESG Stocks, What Investors Should Know
- Freshworks Stock Soars 50% – Is This the Perfect Entry Point?
Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.