Tidemark LLC Raises Stock Holdings in Mastercard Incorporated (NYSE:MA)

Tidemark LLC boosted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 41.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 119 shares of the credit services provider’s stock after acquiring an additional 35 shares during the quarter. Tidemark LLC’s holdings in Mastercard were worth $59,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. International Assets Investment Management LLC raised its stake in Mastercard by 120,665.3% in the third 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 buying an additional 8,035,099 shares in the last quarter. Swedbank AB bought a new stake in Mastercard during the first quarter valued at about $660,652,000. PineStone Asset Management Inc. raised its holdings in Mastercard by 145.6% in the second quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock worth $784,148,000 after purchasing an additional 1,053,616 shares in the last quarter. Manning & Napier Advisors LLC bought a new stake in shares of Mastercard in the 2nd quarter valued at about $259,071,000. Finally, Capital World Investors grew its position in shares of Mastercard by 13.3% in the 1st quarter. Capital World Investors now owns 3,293,617 shares of the credit services provider’s stock worth $1,586,107,000 after buying an additional 387,317 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Morgan Stanley raised their target price on shares of Mastercard from $544.00 to $564.00 and gave the company an “overweight” rating in a research note on Thursday. TD Cowen raised their price objective on Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a research report on Friday. UBS Group increased their price target on Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research note on Thursday. Barclays raised 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. Finally, Macquarie increased their price objective on shares of Mastercard from $505.00 to $565.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Four research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and an average target price of $549.16.

Insider Buying and Selling at Mastercard

In other news, major shareholder Foundation Mastercard sold 90,000 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total value of $42,192,000.00. Following the completion of the sale, the insider now owns 91,649,308 shares in the company, valued at approximately $42,965,195,590.40. This trade represents a 0.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction that occurred 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 transaction, the chief marketing officer now directly owns 17,118 shares in the company, valued at $8,440,885.80. This trade represents a 21.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 99,370 shares of company stock valued at $46,797,168. Company insiders own 0.10% of the company’s stock.

Mastercard Stock Performance

Mastercard stock opened at $522.93 on Monday. The company has a market capitalization of $479.96 billion, a price-to-earnings ratio of 39.48, a PEG ratio of 2.28 and a beta of 1.10. Mastercard Incorporated has a fifty-two week low of $398.26 and a fifty-two week high of $534.03. 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 stock has a fifty day moving average of $504.09 and a two-hundred day moving average of $471.38.

Mastercard (NYSE:MA) last issued its quarterly 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. The firm 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%. Mastercard’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 business posted $3.39 earnings per share. On average, analysts anticipate that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard Dividend Announcement

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