Smithbridge Asset Management Inc. DE Grows Stock Holdings in Mastercard Incorporated (NYSE:MA)

Smithbridge Asset Management Inc. DE increased its position in shares of Mastercard Incorporated (NYSE:MA) by 75.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 10,004 shares of the credit services provider’s stock after acquiring an additional 4,314 shares during the period. Smithbridge Asset Management Inc. DE’s holdings in Mastercard were worth $4,940,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. First Trust Direct Indexing L.P. increased its holdings in shares of Mastercard by 14.2% during the first quarter. First Trust Direct Indexing L.P. now owns 20,552 shares of the credit services provider’s stock valued at $9,897,000 after acquiring an additional 2,556 shares in the last quarter. Coppell Advisory Solutions Corp. purchased a new position in shares of Mastercard in the first quarter worth $608,000. SteelPeak Wealth LLC lifted its stake in shares of Mastercard by 48.6% during the second quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock worth $2,174,000 after buying an additional 1,612 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Mastercard during the first quarter valued at $2,938,000. Finally, OMC Financial Services LTD acquired a new position in shares of Mastercard in the 1st quarter valued at $17,854,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Up 0.3 %

Shares of NYSE:MA opened at $508.93 on Monday. The company has a market capitalization of $473.11 billion, a price-to-earnings ratio of 40.33, a PEG ratio of 2.27 and a beta of 1.10. Mastercard Incorporated has a 12-month low of $364.72 and a 12-month high of $518.82. The business has a 50-day moving average price of $491.84 and a 200 day moving average price of $465.36. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $3.51 by $0.08. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The firm had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. Sell-side analysts expect that Mastercard Incorporated will post 14.32 EPS for the current year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors 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 0.52%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s payout ratio is currently 20.99%.

Analyst Ratings Changes

Several research firms have weighed in on MA. Piper Sandler boosted their price target on Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Susquehanna upped their target price on Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research report on Thursday, August 1st. Citigroup raised their price target on shares of Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Compass Point began coverage on shares of Mastercard in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price objective on the stock. Finally, Argus upgraded shares of Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. Four investment 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. According to MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and an average price target of $525.68.

Insider Transactions at Mastercard

In other news, major shareholder Foundation Mastercard sold 119,000 shares of Mastercard stock in a transaction on 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 completion of the sale, the insider now directly owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 completion of the transaction, the insider now owns 92,033,308 shares in the company, valued at approximately $43,113,923,465.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the sale, the chief financial officer now owns 27,304 shares in the company, valued at $12,423,320. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 340,809 shares of company stock valued at $159,610,703. 0.10% of the stock is currently owned by company insiders.

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.