Secure Asset Management LLC Purchases New Position in Mastercard Incorporated (NYSE:MA)

Secure Asset Management LLC purchased a new position in Mastercard Incorporated (NYSE:MA) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 473 shares of the credit services provider’s stock, valued at approximately $233,000.

A number of other hedge funds also recently bought and sold shares of the business. McLean Asset Management Corp grew its stake in 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 purchasing an additional 21 shares in the last quarter. Hoxton Planning & Management LLC raised its stake in shares of Mastercard by 1.4% in the 1st quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock valued at $788,000 after purchasing an additional 22 shares in the last quarter. Quilter Plc lifted its position in shares of Mastercard by 2.8% during the second quarter. Quilter Plc now owns 801 shares of the credit services provider’s stock worth $353,000 after purchasing an additional 22 shares during the last quarter. Cornerstone Wealth Management LLC grew its stake in Mastercard by 0.5% in the third quarter. Cornerstone Wealth Management LLC now owns 4,351 shares of the credit services provider’s stock worth $2,148,000 after purchasing an additional 22 shares in the last quarter. Finally, Benin Management CORP increased its holdings in Mastercard by 3.0% in the first quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock valued at $382,000 after buying an additional 23 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other news, major shareholder Foundation Mastercard sold 119,000 shares of Mastercard stock in a transaction that occurred 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 owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction dated 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 transaction, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 119,000 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the sale, the insider now directly owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 340,809 shares of company stock valued at $159,610,703. 0.10% of the stock is owned by insiders.

Mastercard Trading Up 0.5 %

Mastercard stock opened at $516.45 on Friday. Mastercard Incorporated has a 12-month low of $359.77 and a 12-month high of $518.00. The stock has a market capitalization of $480.10 billion, a PE ratio of 41.05, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10. The firm has a 50 day simple moving average of $486.90 and a 200-day simple moving average of $464.21. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.51 by $0.08. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The firm had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.85 billion. As a group, equities research analysts expect that Mastercard Incorporated will post 14.3 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be given a $0.66 dividend. 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 presently 20.99%.

Analysts Set New Price Targets

A number of research analysts have commented on MA shares. Bank of America increased their target price on Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Barclays raised their price objective on Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Argus upgraded shares of Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Evercore ISI reduced their price target on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. Finally, Oppenheimer assumed coverage on shares of Mastercard in a research report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 price objective for the company. Four equities research 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 stock. According to MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and an average target price of $524.64.

About Mastercard

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.