Cyndeo Wealth Partners LLC Purchases 1,565 Shares of Mastercard Incorporated (NYSE:MA)

Cyndeo Wealth Partners LLC lifted its position in shares of Mastercard Incorporated (NYSE:MA) by 19.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,732 shares of the credit services provider’s stock after purchasing an additional 1,565 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Mastercard were worth $4,806,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cedrus LLC lifted its holdings in shares of Mastercard by 13.6% during the third quarter. Cedrus LLC now owns 1,167 shares of the credit services provider’s stock valued at $576,000 after purchasing an additional 140 shares during the last quarter. Means Investment CO. Inc. increased its position in Mastercard by 1.7% during the 3rd quarter. Means Investment CO. Inc. now owns 1,647 shares of the credit services provider’s stock valued at $813,000 after buying an additional 28 shares in the last quarter. New Century Financial Group LLC increased its position in Mastercard by 24.2% during the 3rd quarter. New Century Financial Group LLC now owns 2,934 shares of the credit services provider’s stock valued at $1,448,000 after buying an additional 572 shares in the last quarter. Powers Advisory Group LLC purchased a new position in Mastercard during the third quarter valued at $228,000. Finally, Resonant Capital Advisors LLC boosted its holdings in Mastercard by 8.0% in the third quarter. Resonant Capital Advisors LLC now owns 5,587 shares of the credit services provider’s stock worth $2,759,000 after acquiring an additional 412 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MA has been the topic of a number of analyst reports. Evercore ISI dropped their price target on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. Royal Bank of Canada increased their price target on shares of Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. KeyCorp boosted their price objective on shares of Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. TD Cowen upped their price objective on Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, 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. Four investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $524.64.

Mastercard Price Performance

NYSE MA opened at $516.34 on Friday. The business’s fifty day moving average is $486.90 and its 200 day moving average is $464.10. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $518.00. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $480.00 billion, a PE ratio of 41.04, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10.

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

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be paid 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 dividend yield of 0.51%. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Insider Activity

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the sale, the chief marketing officer now owns 17,118 shares in the company, valued at approximately $8,440,885.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now directly owns 17,118 shares in the company, valued at $8,440,885.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction that occurred 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 sale, the chief financial officer now owns 27,304 shares in the company, valued at approximately $12,423,320. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 340,809 shares of company stock worth $159,610,703 in the last three months. Company insiders own 0.10% of the company’s stock.

Mastercard Company 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.