Raab & Moskowitz Asset Management LLC Has $690,000 Stock Position in Mastercard Incorporated (NYSE:MA)

Raab & Moskowitz Asset Management LLC grew its position in Mastercard Incorporated (NYSE:MA) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,398 shares of the credit services provider’s stock after purchasing an additional 20 shares during the period. Raab & Moskowitz Asset Management LLC’s holdings in Mastercard were worth $690,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MA. Highline Wealth Partners LLC acquired a new position in Mastercard in the third quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL bought a new stake in Mastercard in the second quarter worth approximately $34,000. Fairway Wealth LLC acquired a new position in shares of Mastercard during the 2nd quarter worth $35,000. First Personal Financial Services bought a new position in shares of Mastercard during the 3rd quarter valued at $39,000. Finally, Lowe Wealth Advisors LLC lifted its stake in shares of Mastercard by 74.0% in the 3rd 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. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have 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 on the stock in a report on Friday, November 1st. Morgan Stanley raised their price objective on Mastercard from $544.00 to $564.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Compass Point began coverage on Mastercard in a research report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 target price for the company. Barclays increased their price target on Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Finally, BMO Capital Markets upped their price objective on shares of Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating 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 one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $551.42.

Insider Activity at Mastercard

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction that occurred 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 transaction, the chief marketing officer now owns 15,031 shares in the company, valued at $7,363,085.66. The trade was a 23.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by company insiders.

Mastercard Price Performance

NYSE:MA opened at $528.57 on Monday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. The firm has a market cap of $485.14 billion, a PE ratio of 39.98, a price-to-earnings-growth ratio of 2.35 and a beta of 1.10. Mastercard Incorporated has a 12 month low of $409.23 and a 12 month high of $535.77. The company’s 50-day moving average price is $513.84 and its two-hundred day moving average price is $478.81.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS 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 business had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. During the same period in the previous year, the business earned $3.39 EPS. Mastercard’s revenue was up 12.8% compared to the same quarter last year. On average, equities analysts anticipate that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were paid a $0.66 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.50%. Mastercard’s dividend payout ratio (DPR) 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.