Coastwise Capital Group LLC Raises Holdings in Mastercard Incorporated (NYSE:MA)

Coastwise Capital Group LLC increased its position in Mastercard Incorporated (NYSE:MA) by 21.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 562 shares of the credit services provider’s stock after buying an additional 100 shares during the period. Coastwise Capital Group LLC’s holdings in Mastercard were worth $278,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC purchased a new position in shares of Mastercard in the 3rd quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL bought a new stake in Mastercard during the 2nd quarter valued at $34,000. Fairway Wealth LLC purchased a new stake in shares of Mastercard in the 2nd quarter worth $35,000. First Personal Financial Services bought a new position in shares of Mastercard during the 3rd quarter worth $39,000. Finally, Lowe Wealth Advisors LLC increased its stake in shares of Mastercard by 74.0% during the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after buying an additional 37 shares during the period. 97.28% of the stock is owned by institutional investors.

Mastercard Trading Up 0.1 %

Shares of NYSE:MA opened at $532.94 on Monday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a 12-month low of $404.32 and a 12-month high of $535.77. The business has a 50 day moving average of $510.37 and a two-hundred day moving average of $476.43. The company 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 posted its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.16. The firm had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business’s revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the business posted $3.39 EPS. As a group, analysts forecast that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard Announces Dividend

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

Wall Street Analyst Weigh In

MA has been the topic of several recent research reports. Citigroup increased their target price on shares of Mastercard from $566.00 to $572.00 and gave the stock a “buy” rating in a report on Monday, November 4th. BMO Capital Markets lifted their price objective on shares of Mastercard from $550.00 to $565.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Royal Bank of Canada restated an “outperform” rating and set a $572.00 target price on shares of Mastercard in a report on Thursday, November 14th. UBS Group raised their price target on shares of Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, William Blair reiterated an “outperform” rating on shares of Mastercard in a research note on Monday, November 25th. Four investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $549.16.

Insider Activity at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the transaction, the chief marketing officer now owns 17,118 shares in the company, valued at $8,440,885.80. This trade represents a 21.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.10% of the stock is owned by company insiders.

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.