BBR Partners LLC Sells 274 Shares of Mastercard Incorporated (NYSE:MA)

BBR Partners LLC lessened its stake in Mastercard Incorporated (NYSE:MA) by 2.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,645 shares of the credit services provider’s stock after selling 274 shares during the period. Mastercard comprises about 0.4% of BBR Partners LLC’s portfolio, making the stock its 27th biggest position. BBR Partners LLC’s holdings in Mastercard were worth $4,763,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in MA. FMR LLC increased its position in Mastercard by 3.4% during the 3rd quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock valued at $10,545,139,000 after purchasing an additional 700,769 shares during the period. International Assets Investment Management LLC lifted its position in shares of Mastercard by 120,665.3% in the 3rd quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock worth $3,971,020,000 after purchasing an additional 8,035,099 shares during the period. Bank of Montreal Can boosted its stake in shares of Mastercard by 51.7% in the 3rd quarter. Bank of Montreal Can now owns 5,765,714 shares of the credit services provider’s stock valued at $2,846,187,000 after purchasing an additional 1,965,782 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Mastercard by 1.4% during the second quarter. Ameriprise Financial Inc. now owns 5,082,729 shares of the credit services provider’s stock worth $2,241,297,000 after buying an additional 71,569 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Mastercard by 2.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider’s stock worth $2,474,151,000 after buying an additional 100,550 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Ratings Changes

MA has been the topic of a number of research analyst reports. Compass Point assumed coverage on shares of Mastercard in a research report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price target on the stock. Citigroup upped their target price on Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised their target price on Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. KeyCorp boosted their price target on Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, Macquarie raised their price objective on shares of Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and an average price target of $549.16.

Mastercard Stock Up 0.7 %

Shares of NYSE:MA opened at $532.19 on Thursday. Mastercard Incorporated has a 1 year low of $404.32 and a 1 year high of $534.03. The company has a market capitalization of $488.46 billion, a PE ratio of 40.26, a price-to-earnings-growth ratio of 2.34 and a beta of 1.10. The business has a fifty day moving average price of $508.78 and a two-hundred day moving average price of $475.23. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.16. The company had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.39 earnings per share. Analysts forecast that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Dividend Announcement

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

Insider Buying and Selling at Mastercard

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’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 transaction of $2,294,994.10. Following the sale, the chief marketing officer now directly owns 15,031 shares in the company, valued at approximately $7,363,085.66. This represents a 23.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is owned by corporate 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.