Mastercard Incorporated (NYSE:MA) Stock Position Lifted by Cobblestone Capital Advisors LLC NY

Cobblestone Capital Advisors LLC NY grew its position in Mastercard Incorporated (NYSE:MA) by 0.8% in the third quarter, Holdings Channel.com reports. The fund owned 3,986 shares of the credit services provider’s stock after buying an additional 31 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Mastercard were worth $1,968,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Goldstein Advisors LLC raised its stake in shares of Mastercard by 1.3% in the third quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock worth $749,000 after acquiring an additional 20 shares during the last quarter. McLean Asset Management Corp increased its holdings in shares of Mastercard by 1.3% in the third 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. Oldfather Financial Services LLC raised its position in Mastercard by 2.6% in the 3rd quarter. Oldfather Financial Services LLC now owns 827 shares of the credit services provider’s stock worth $408,000 after purchasing an additional 21 shares during the last quarter. Transcendent Capital Group LLC increased its stake in shares of Mastercard by 4.8% in 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 raised its position in shares of Mastercard by 1.7% during the third quarter. Guerra Pan Advisors LLC now owns 1,225 shares of the credit services provider’s stock worth $605,000 after acquiring an additional 21 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the transaction, the chief marketing officer now owns 15,031 shares in the company, valued at $7,363,085.66. This trade represents a 23.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

Mastercard Stock Performance

MA opened at $532.94 on Friday. The business’s 50-day simple moving average is $510.37 and its 200 day simple moving average is $476.31. Mastercard Incorporated has a 52-week low of $404.32 and a 52-week high of $535.77. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market capitalization of $489.15 billion, a PE ratio of 40.31, a PEG ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 EPS 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 the consensus estimate of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.39 EPS. As a group, sell-side analysts expect that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently commented on MA shares. BMO Capital Markets lifted their price objective on Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Citigroup boosted their price target on shares of Mastercard from $566.00 to $572.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Royal Bank of Canada reiterated an “outperform” rating and set a $572.00 target price on shares of Mastercard in a research report on Thursday, November 14th. Finally, JPMorgan Chase & Co. reduced their price target on Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Four research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $549.16.

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.