Frank Rimerman Advisors LLC Has $6.44 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Frank Rimerman Advisors LLC increased its stake in Mastercard Incorporated (NYSE:MA) by 18.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,034 shares of the credit services provider’s stock after purchasing an additional 2,024 shares during the period. Mastercard makes up 0.5% of Frank Rimerman Advisors LLC’s holdings, making the stock its 29th biggest holding. Frank Rimerman Advisors LLC’s holdings in Mastercard were worth $6,436,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of MA. Palisade Asset Management LLC bought a new position in shares of Mastercard in the 1st quarter valued at $27,000. Strategic Investment Solutions Inc. IL bought a new position in Mastercard in the second quarter valued at about $34,000. Fairway Wealth LLC acquired a new position in Mastercard during the second quarter worth about $35,000. Lowe Wealth Advisors LLC lifted its holdings 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 worth $43,000 after acquiring an additional 37 shares during the last quarter. Finally, Valued Wealth Advisors LLC boosted its stake in shares of Mastercard by 168.6% in the 1st quarter. Valued Wealth Advisors LLC now owns 94 shares of the credit services provider’s stock valued at $45,000 after purchasing an additional 59 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Trading Down 0.6 %

NYSE:MA opened at $507.36 on Friday. The firm has a fifty day simple moving average of $491.84 and a two-hundred day simple moving average of $465.39. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $518.82. The stock has a market capitalization of $471.65 billion, a price-to-earnings ratio of 40.33, a PEG ratio of 2.27 and a beta of 1.10. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95.

Mastercard (NYSE:MA) last issued its 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. The business had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. Analysts expect that Mastercard Incorporated will post 14.32 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be given a $0.66 dividend. 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 payout ratio is currently 20.99%.

Wall Street Analyst Weigh In

MA has been the topic of a number of research analyst reports. TD Cowen raised their target price on shares of Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Piper Sandler upped their target price on Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Robert W. Baird boosted their price target on Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Royal Bank of Canada raised their price objective on shares of Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Finally, BMO Capital Markets reissued an “outperform” rating and set a $520.00 target price on shares of Mastercard in a report on Wednesday, August 14th. Four investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and an average target price of $525.68.

Insider Buying and Selling at Mastercard

In other news, major shareholder Foundation Mastercard sold 119,000 shares of the business’s stock in a transaction dated 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 directly owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Mastercard 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 transaction of $2,310,173.50. Following the transaction, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at $8,440,885.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 119,000 shares of the stock in a transaction dated 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 represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 340,809 shares of company stock worth $159,610,703. 0.10% of the stock is owned by corporate insiders.

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.