Mastercard Incorporated (NYSE:MA) Shares Bought by Global Retirement Partners LLC

Global Retirement Partners LLC boosted its position in shares of Mastercard Incorporated (NYSE:MA) by 7.1% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 11,683 shares of the credit services provider’s stock after acquiring an additional 776 shares during the quarter. Global Retirement Partners LLC’s holdings in Mastercard were worth $5,769,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Westend Capital Management LLC purchased a new position in shares of Mastercard in the 1st quarter valued at about $27,000. Palisade Asset Management LLC acquired a new position in shares of Mastercard during the 1st quarter worth approximately $27,000. Scarborough Advisors LLC acquired a new position in shares of Mastercard during the 4th quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL acquired a new position in Mastercard in the second quarter valued at approximately $34,000. Finally, Fairway Wealth LLC purchased a new stake in Mastercard in the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on MA shares. Citigroup increased their target price on Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Royal Bank of Canada upped their price objective on shares of Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Compass Point initiated coverage on shares of Mastercard in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price objective for the company. Barclays upped their price objective on shares of Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, BNP Paribas downgraded shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective for the company. in a research note on Tuesday, September 3rd. Four analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and an average price target of $524.64.

Mastercard Stock Performance

MA stock traded down $0.93 during midday trading on Thursday, reaching $513.14. The company had a trading volume of 760,900 shares, compared to its average volume of 2,434,598. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. The stock has a 50 day moving average price of $484.54 and a 200 day moving average price of $463.60. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $517.05. The firm has a market capitalization of $477.02 billion, a PE ratio of 40.74, a P/E/G ratio of 2.22 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.08. The business had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. Analysts anticipate that Mastercard Incorporated will post 14.3 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be 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 is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is currently 20.99%.

Insider Buying and Selling at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the sale, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder Foundation Mastercard sold 119,000 shares of the company’s 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 directly owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the sale, the chief financial officer now owns 27,304 shares of the company’s stock, valued at $12,423,320. 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 340,809 shares of company stock valued at $159,610,703 in the last three months. 0.10% of the stock is currently owned by company 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.