von Borstel & Associates Inc. Acquires Shares of 571 Mastercard Incorporated (NYSE:MA)

von Borstel & Associates Inc. purchased a new stake in Mastercard Incorporated (NYSE:MA) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 571 shares of the credit services provider’s stock, valued at approximately $282,000. Mastercard makes up approximately 0.2% of von Borstel & Associates Inc.’s holdings, making the stock its 29th biggest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Westend Capital Management LLC acquired a new stake in Mastercard during the 1st quarter worth approximately $27,000. Palisade Asset Management LLC purchased a new position in shares of Mastercard in the 1st quarter valued at approximately $27,000. Scarborough Advisors LLC purchased a new position in Mastercard during the fourth quarter worth about $28,000. Strategic Investment Solutions Inc. IL acquired a new stake in Mastercard in the second quarter valued at $34,000. Finally, Fairway Wealth LLC acquired a new position in Mastercard during the second quarter worth about $35,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now directly 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction 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 completion of the sale, the chief marketing officer now directly owns 15,031 shares in the company, valued at $7,363,085.66. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 90,000 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the completion of the sale, the insider now directly owns 91,649,308 shares in the company, valued at approximately $42,965,195,590.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 340,809 shares of company stock valued at $159,610,703. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on MA shares. Argus raised Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. increased their price target on Mastercard from $500.00 to $570.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. KeyCorp raised their price objective on shares of Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Compass Point initiated coverage on shares of Mastercard in a research note on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price objective for the company. Finally, Bank of America lifted their price objective on Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. Four analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and an average target price of $523.27.

Mastercard Trading Up 0.2 %

NYSE MA traded up $0.83 during trading on Tuesday, hitting $507.49. The company had a trading volume of 1,608,255 shares, compared to its average volume of 2,433,890. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. The company’s fifty day moving average is $482.08 and its 200-day moving average is $463.06. Mastercard Incorporated has a one year low of $359.77 and a one year high of $509.88. The company has a market cap of $471.77 billion, a price-to-earnings ratio of 40.32, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $3.51 by $0.08. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The firm had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.85 billion. On average, sell-side analysts predict that Mastercard Incorporated will post 14.3 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

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.