Sargent Investment Group LLC Purchases 775 Shares of Mastercard Incorporated (NYSE:MA)

Sargent Investment Group LLC lifted its position in Mastercard Incorporated (NYSE:MA) by 8.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,526 shares of the credit services provider’s stock after buying an additional 775 shares during the quarter. Sargent Investment Group LLC’s holdings in Mastercard were worth $4,704,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in MA. Goldstein Advisors LLC grew its holdings in Mastercard by 1.3% in the 3rd quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock valued at $749,000 after buying an additional 20 shares in the last quarter. McLean Asset Management Corp lifted its position in shares of Mastercard by 1.3% during the 3rd quarter. McLean Asset Management Corp now owns 1,677 shares of the credit services provider’s stock valued at $834,000 after acquiring an additional 21 shares during the period. Oldfather Financial Services LLC lifted its position in shares of Mastercard by 2.6% during the 3rd quarter. Oldfather Financial Services LLC now owns 827 shares of the credit services provider’s stock valued at $408,000 after acquiring an additional 21 shares during the period. Transcendent Capital Group LLC lifted its position in shares of Mastercard by 4.8% during the 3rd quarter. Transcendent Capital Group LLC now owns 455 shares of the credit services provider’s stock valued at $225,000 after acquiring an additional 21 shares during the period. Finally, Guerra Pan Advisors LLC lifted its position in shares of Mastercard by 1.7% during the 3rd quarter. Guerra Pan Advisors LLC now owns 1,225 shares of the credit services provider’s stock valued at $605,000 after acquiring an additional 21 shares during the period. Institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on MA shares. JPMorgan Chase & Co. cut their target price on Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Bank of America upped their price objective on Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. Robert W. Baird upped their price objective on Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Citigroup upped their price objective on Mastercard from $566.00 to $572.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, Oppenheimer started coverage on Mastercard in a research report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 price objective for the company. Four research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Mastercard currently has a consensus rating of “Moderate Buy” and an average price target of $545.56.

Insider Activity

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the sale, the chief marketing officer now directly owns 17,118 shares in the company, valued at approximately $8,440,885.80. 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 can be accessed through this link. In other Mastercard news, major shareholder Foundation Mastercard sold 119,000 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $43,113,923,465.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a 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 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 directly owns 17,118 shares of the company’s stock, valued at $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 327,370 shares of company stock worth $153,495,958 over the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

Mastercard Stock Down 0.1 %

Mastercard stock traded down $0.72 during mid-day trading on Thursday, reaching $521.16. The stock had a trading volume of 697,879 shares, compared to its average volume of 2,443,774. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. Mastercard Incorporated has a fifty-two week low of $394.76 and a fifty-two week high of $534.03. The stock’s 50-day simple moving average is $502.32 and its 200-day simple moving average is $470.24. The firm has a market capitalization of $478.34 billion, a PE ratio of 39.44, a price-to-earnings-growth ratio of 2.32 and a beta of 1.10.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. During the same quarter last year, the company earned $3.39 earnings per share. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, sell-side analysts forecast that Mastercard Incorporated will post 14.45 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were issued a $0.66 dividend. The ex-dividend date was 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 is presently 19.97%.

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.