CFS Investment Advisory Services LLC Has $437,000 Stock Holdings in Mastercard Incorporated (NYSE:MA)

CFS Investment Advisory Services LLC decreased its holdings in Mastercard Incorporated (NYSE:MA) by 5.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 884 shares of the credit services provider’s stock after selling 50 shares during the quarter. CFS Investment Advisory Services LLC’s holdings in Mastercard were worth $437,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Highline Wealth Partners LLC acquired a new stake in shares of Mastercard during the 3rd quarter worth about $25,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Mastercard during the 2nd quarter worth about $34,000. Fairway Wealth LLC acquired a new stake in shares of Mastercard during the 2nd quarter worth about $35,000. First Personal Financial Services acquired a new stake in shares of Mastercard during the 3rd quarter worth about $39,000. Finally, Lowe Wealth Advisors LLC increased its position in shares of Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 37 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Up 1.1 %

Mastercard stock opened at $520.76 on Friday. The company’s 50 day simple moving average is $506.91 and its 200 day simple moving average is $473.55. Mastercard Incorporated has a fifty-two week low of $404.32 and a fifty-two week high of $534.03. The firm has a market capitalization of $477.97 billion, a price-to-earnings ratio of 39.39, a PEG ratio of 2.29 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 1.29.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. During the same quarter last year, the firm earned $3.39 EPS. Mastercard’s quarterly revenue was up 12.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s payout ratio is 19.97%.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of recent analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $572.00 target price on shares of Mastercard in a research report on Thursday, November 14th. Macquarie increased their target price on shares of Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Oppenheimer assumed coverage on shares of Mastercard in a research report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 target price for the company. Robert W. Baird raised their price objective on shares of Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, UBS Group raised their price objective on shares of Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Four analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Mastercard has an average rating of “Moderate Buy” and a consensus price target of $549.16.

Insiders Place Their Bets

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 13th. The shares were 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 21.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

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.