Mastercard Incorporated (NYSE:MA) Position Boosted by Brooklyn Investment Group

Brooklyn Investment Group boosted its position in shares of Mastercard Incorporated (NYSE:MA) by 4.8% in the third quarter, Holdings Channel.com reports. The firm owned 6,105 shares of the credit services provider’s stock after purchasing an additional 277 shares during the period. Mastercard comprises 1.0% of Brooklyn Investment Group’s holdings, making the stock its 15th largest holding. Brooklyn Investment Group’s holdings in Mastercard were worth $3,015,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in MA. Goldstein Advisors LLC raised its stake in shares of 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 acquiring an additional 20 shares in the last quarter. McLean Asset Management Corp lifted its holdings in shares of Mastercard by 1.3% during the third quarter. McLean Asset Management Corp now owns 1,677 shares of the credit services provider’s stock worth $834,000 after buying an additional 21 shares during the last quarter. Oldfather Financial Services LLC raised its stake in 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 purchasing an additional 21 shares during the last quarter. Transcendent Capital Group LLC increased its holdings 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 worth $225,000 after purchasing an additional 21 shares during the period. Finally, Guerra Pan Advisors LLC increased its stake in Mastercard by 1.7% during the third 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. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Price Performance

NYSE:MA opened at $526.60 on Tuesday. The stock has a market capitalization of $483.33 billion, a PE ratio of 39.83, a P/E/G ratio of 2.32 and a beta of 1.10. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. The firm has a fifty day simple moving average of $507.49 and a 200 day simple moving average of $474.33. Mastercard Incorporated has a 1-year low of $404.32 and a 1-year high of $534.03.

Mastercard (NYSE:MA) last posted 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 return on equity of 178.27% and a net margin of 45.26%. The firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter last year, the business earned $3.39 EPS. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, research analysts expect that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Wednesday, October 9th. Mastercard’s dividend payout ratio is currently 19.97%.

Insider Activity

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction dated 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 owns 15,031 shares of the company’s stock, valued at $7,363,085.66. The trade was a 23.76 % 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. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Citigroup increased their price objective on shares of Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a research note on Monday, November 4th. William Blair reiterated an “outperform” rating on shares of Mastercard in a research report on Monday. BMO Capital Markets boosted their price target on shares of Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Oppenheimer assumed coverage on Mastercard in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price target for the company. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $572.00 price target on shares of Mastercard in a report on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and a consensus target price of $549.16.

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.