Roman Butler Fullerton & Co. Sells 1,019 Shares of Mastercard Incorporated (NYSE:MA)

Roman Butler Fullerton & Co. lessened its position in Mastercard Incorporated (NYSE:MA) by 6.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 14,074 shares of the credit services provider’s stock after selling 1,019 shares during the period. Mastercard makes up 2.1% of Roman Butler Fullerton & Co.’s investment portfolio, making the stock its 9th largest holding. Roman Butler Fullerton & Co.’s holdings in Mastercard were worth $7,139,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in MA. Highline Wealth Partners LLC acquired a new position in shares of Mastercard during the 3rd quarter worth $25,000. Strategic Investment Solutions Inc. IL acquired a new position in Mastercard during the second quarter worth about $34,000. Fairway Wealth LLC purchased a new stake in shares of Mastercard in the second quarter valued at about $35,000. Lowe Wealth Advisors LLC grew its position 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 valued at $43,000 after purchasing an additional 37 shares during the last quarter. Finally, VitalStone Financial LLC increased its stake in shares of Mastercard by 55.0% during the 1st quarter. VitalStone Financial LLC now owns 93 shares of the credit services provider’s stock worth $45,000 after purchasing an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Trading Up 1.7 %

NYSE:MA opened at $508.08 on Monday. The stock has a market cap of $469.38 billion, a PE ratio of 38.43, a price-to-earnings-growth ratio of 2.21 and a beta of 1.10. Mastercard Incorporated has a fifty-two week low of $378.48 and a fifty-two week high of $527.90. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.14. The stock’s 50-day moving average is $495.77 and its two-hundred day moving average is $466.94.

Mastercard (NYSE:MA) last issued its earnings results 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 during the quarter, compared to analyst estimates of $7.27 billion. During the same quarter last year, the business posted $3.39 EPS. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. As a group, equities research analysts forecast that Mastercard Incorporated will post 14.35 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors 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 annualized dividend and a dividend yield of 0.52%. Mastercard’s payout ratio is 19.97%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Robert W. Baird upped their target price on Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Bank of America boosted their target price on shares of Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. Barclays boosted their price objective on shares of Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Macquarie lifted their price objective on Mastercard from $505.00 to $565.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Oppenheimer initiated coverage on Mastercard in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, twenty have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and an average target price of $537.92.

Insider Transactions at Mastercard

In related news, major shareholder Foundation Mastercard sold 119,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $468.46, for a total value of $55,746,740.00. Following the completion of the sale, the insider now directly owns 92,033,308 shares in the company, valued at approximately $43,113,923,465.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, major shareholder Foundation Mastercard sold 119,000 shares of Mastercard stock in a transaction on Friday, August 16th. The shares were sold at an average price of $468.46, for a total value of $55,746,740.00. Following the transaction, the insider now owns 92,033,308 shares in the company, valued at $43,113,923,465.68. 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, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief marketing officer now directly owns 17,118 shares in the company, valued at approximately $8,440,885.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 327,370 shares of company stock worth $153,495,958 in the last 90 days. 0.10% of the stock is owned by insiders.

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.