Mastercard Incorporated (NYSE:MA) Stock Position Increased by Petredis Investment Advisors LLC

Petredis Investment Advisors LLC grew its position in Mastercard Incorporated (NYSE:MA) by 0.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 8,719 shares of the credit services provider’s stock after buying an additional 30 shares during the period. Petredis Investment Advisors LLC’s holdings in Mastercard were worth $4,305,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Westend Capital Management LLC bought a new stake in shares of Mastercard during the first quarter valued at about $27,000. Palisade Asset Management LLC acquired a new position in Mastercard during the 1st quarter valued at about $27,000. Scarborough Advisors LLC bought a new stake in shares of Mastercard during the 4th quarter worth about $28,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Mastercard in the 2nd quarter worth approximately $34,000. Finally, Fairway Wealth LLC bought a new position in shares of Mastercard in the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on MA. TD Cowen upped their target price on Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. William Blair upgraded Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Citigroup lifted their target price on Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. BMO Capital Markets reissued an “outperform” rating and issued a $520.00 price target on shares of Mastercard in a report on Wednesday, August 14th. Finally, Susquehanna lifted their price objective on shares of Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a research note on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $523.27.

Mastercard Stock Up 0.1 %

MA stock opened at $507.23 on Wednesday. The company has a 50 day moving average of $483.26 and a two-hundred day moving average of $463.24. The company has a market cap of $471.53 billion, a price-to-earnings ratio of 40.32, a PEG ratio of 2.22 and a beta of 1.10. Mastercard Incorporated has a 12-month low of $359.77 and a 12-month high of $509.88. 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 announced its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $6.85 billion. On average, equities analysts anticipate that Mastercard Incorporated will post 14.3 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.52%. Mastercard’s dividend payout ratio is currently 20.99%.

Insider Activity at Mastercard

In other news, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the transaction, the chief financial officer now owns 27,304 shares in the company, valued at $12,423,320. This 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. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the transaction, the chief marketing officer now owns 17,118 shares in the company, valued at $8,440,885.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the sale, the chief financial officer now owns 27,304 shares of the company’s stock, valued at $12,423,320. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 340,809 shares of company stock valued at $159,610,703. 0.10% of the stock is currently owned by corporate insiders.

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.