Mastercard Incorporated (NYSE:MA) Shares Acquired by Cumberland Partners Ltd

Cumberland Partners Ltd grew its stake in Mastercard Incorporated (NYSE:MA) by 0.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 61,549 shares of the credit services provider’s stock after buying an additional 555 shares during the quarter. Mastercard accounts for about 2.1% of Cumberland Partners Ltd’s portfolio, making the stock its 18th largest holding. Cumberland Partners Ltd’s holdings in Mastercard were worth $30,393,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Goldstein Advisors LLC grew its stake in shares of Mastercard by 1.3% during the 3rd quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock valued at $749,000 after buying an additional 20 shares during the period. McLean Asset Management Corp grew its stake in shares of 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 buying an additional 21 shares during the period. Oldfather Financial Services LLC grew its stake in shares of 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 buying an additional 21 shares during the period. Transcendent Capital Group LLC grew its stake 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 valued at $225,000 after buying an additional 21 shares during the period. Finally, Guerra Pan Advisors LLC boosted its position in Mastercard by 1.7% during the 3rd quarter. Guerra Pan Advisors LLC now owns 1,225 shares of the credit services provider’s stock worth $605,000 after purchasing an additional 21 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

MA has been the subject of a number of research reports. Oppenheimer initiated coverage on shares of Mastercard in a research report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 price target for the company. KeyCorp upped their price target on shares of Mastercard from $515.00 to $580.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. decreased their price target on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their price target on shares of Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, William Blair upgraded shares of Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $540.17.

Insiders Place Their Bets

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now directly owns 17,118 shares in the company, valued at $8,440,885.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, major shareholder Foundation Mastercard sold 109,000 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $467.45, for a total value of $50,952,050.00. Following the completion of the transaction, the insider now directly owns 91,924,308 shares in the company, valued at $42,970,017,774.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at $8,440,885.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 327,370 shares of company stock worth $153,495,958. Insiders own 0.10% of the company’s stock.

Mastercard Stock Performance

NYSE MA traded down $1.02 on Tuesday, hitting $529.10. The stock had a trading volume of 290,046 shares, compared to its average volume of 2,440,712. Mastercard Incorporated has a one year low of $393.02 and a one year high of $534.03. 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 stock has a market cap of $485.62 billion, a price-to-earnings ratio of 40.10, a P/E/G ratio of 2.30 and a beta of 1.10. The company’s 50-day moving average is $500.61 and its two-hundred day moving average is $469.41.

Mastercard (NYSE:MA) last posted 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 net margin of 45.26% and a return on equity of 178.27%. The firm had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter in the prior year, the firm earned $3.39 EPS. Mastercard’s quarterly revenue was up 12.8% on a year-over-year basis. On average, analysts expect that Mastercard Incorporated will post 14.45 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.50%. The ex-dividend date was Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is 19.97%.

Mastercard 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.