Baxter Bros Inc. Sells 1,048 Shares of Mastercard Incorporated (NYSE:MA)

Baxter Bros Inc. decreased its holdings in Mastercard Incorporated (NYSE:MA) by 3.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 34,123 shares of the credit services provider’s stock after selling 1,048 shares during the quarter. Mastercard accounts for approximately 2.2% of Baxter Bros Inc.’s portfolio, making the stock its 16th largest position. Baxter Bros Inc.’s holdings in Mastercard were worth $16,850,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Prossimo Advisors LLC increased its stake in shares of Mastercard by 1.1% in the third quarter. Prossimo Advisors LLC now owns 3,891 shares of the credit services provider’s stock valued at $1,921,000 after buying an additional 41 shares in the last quarter. Pure Financial Advisors LLC increased its position in Mastercard by 6.6% in the 3rd quarter. Pure Financial Advisors LLC now owns 1,044 shares of the credit services provider’s stock valued at $516,000 after acquiring an additional 65 shares in the last quarter. Arcadia Investment Management Corp MI raised its stake in shares of Mastercard by 4.4% in the third quarter. Arcadia Investment Management Corp MI now owns 593 shares of the credit services provider’s stock worth $293,000 after acquiring an additional 25 shares during the last quarter. New Covenant Trust Company N.A. lifted its position in shares of Mastercard by 29.2% during the third quarter. New Covenant Trust Company N.A. now owns 937 shares of the credit services provider’s stock worth $463,000 after purchasing an additional 212 shares in the last quarter. Finally, Northern Financial Advisors Inc grew its stake in shares of Mastercard by 3.3% during the third quarter. Northern Financial Advisors Inc now owns 2,537 shares of the credit services provider’s stock valued at $1,253,000 after purchasing an additional 82 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Up 1.7 %

MA stock opened at $508.08 on Friday. The business has a 50-day moving average of $495.77 and a 200-day moving average of $466.89. Mastercard Incorporated has a fifty-two week low of $378.48 and a fifty-two week high of $527.90. The stock has a market capitalization of $469.38 billion, a P/E ratio of 38.43, a P/E/G ratio of 2.21 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.14.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The company had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. During the same period last year, the company earned $3.39 earnings per share. The firm’s revenue was up 12.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Mastercard Incorporated will post 14.35 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Wednesday, October 9th. Mastercard’s payout ratio is 19.97%.

Insider Activity at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s 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 completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the 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 sale, the chief marketing officer now 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 legal filing with the SEC, which is available through this link. Also, CFO J. Mehra Sachin sold 13,439 shares of Mastercard 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 completion of the transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. This trade represents a 0.00 % decrease in their position. 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 owned by insiders.

Analysts Set New Price Targets

MA has been the topic of several research reports. Mizuho upped their price objective on Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a report on Friday. BMO Capital Markets reaffirmed an “outperform” rating and set a $520.00 price target on shares of Mastercard in a research note on Wednesday, August 14th. Argus upgraded Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. BNP Paribas downgraded shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price on the stock. in a research report on Tuesday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a research note on Friday. Four investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and an average target price of $537.92.

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.