Mastercard Incorporated (NYSE:MA) Shares Bought by Marshfield Associates

Marshfield Associates grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 0.6% in the third quarter, HoldingsChannel reports. The fund owned 551,916 shares of the credit services provider’s stock after buying an additional 3,170 shares during the quarter. Mastercard makes up about 5.8% of Marshfield Associates’ portfolio, making the stock its 8th largest position. Marshfield Associates’ holdings in Mastercard were worth $272,536,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Highline Wealth Partners LLC purchased a new stake in shares of Mastercard during the 3rd quarter worth about $25,000. Strategic Investment Solutions Inc. IL purchased a new position in Mastercard in the 2nd quarter worth approximately $34,000. Fairway Wealth LLC purchased a new position in Mastercard in the 2nd quarter worth approximately $35,000. First Personal Financial Services purchased a new position in Mastercard in the 3rd quarter worth approximately $39,000. Finally, Lowe Wealth Advisors LLC boosted its holdings in Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after acquiring an additional 37 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insiders Place Their Bets

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction on 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 completion of the transaction, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This represents a 21.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Barclays upped their price target on Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Macquarie upped their price target on Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. TD Cowen upped their target price on Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Keefe, Bruyette & Woods upped their target price on Mastercard from $580.00 to $618.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Jefferies Financial Group upped their target price on Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research report on Monday. Four investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and a consensus target price of $559.28.

Mastercard Price Performance

Shares of NYSE MA opened at $522.82 on Tuesday. Mastercard Incorporated has a 1-year low of $411.60 and a 1-year high of $535.77. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. The business’s fifty day moving average price is $514.42 and its two-hundred day moving average price is $479.31. The firm has a market capitalization of $479.86 billion, a PE ratio of 39.55, a P/E/G ratio of 2.35 and a beta of 1.10.

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

Mastercard Announces Dividend

The business 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 of this dividend was Wednesday, October 9th. Mastercard’s dividend payout ratio is presently 19.97%.

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.