IMPACTfolio LLC bought a new position in shares of Mastercard Incorporated (NYSE:MA – Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 430 shares of the credit services provider’s stock, valued at approximately $212,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Cetera Advisor Networks LLC lifted its stake in shares of Mastercard by 7.9% in the 4th quarter. Cetera Advisor Networks LLC now owns 92,766 shares of the credit services provider’s stock valued at $39,566,000 after purchasing an additional 6,823 shares during the period. Exencial Wealth Advisors LLC lifted its stake in Mastercard by 4.5% in the fourth quarter. Exencial Wealth Advisors LLC now owns 60,077 shares of the credit services provider’s stock valued at $25,623,000 after buying an additional 2,579 shares during the period. Stephens Inc. AR raised its holdings in shares of Mastercard by 3.9% during the fourth quarter. Stephens Inc. AR now owns 90,471 shares of the credit services provider’s stock worth $38,587,000 after acquiring an additional 3,375 shares during the period. Baldwin Investment Management LLC boosted its stake in Mastercard by 12.4% in the 4th quarter. Baldwin Investment Management LLC now owns 1,773 shares of the credit services provider’s stock worth $756,000 after purchasing an additional 195 shares during the period. Finally, Morningstar Investment Services LLC raised its stake in shares of Mastercard by 96.8% in the 4th quarter. Morningstar Investment Services LLC now owns 593,789 shares of the credit services provider’s stock valued at $253,144,000 after purchasing an additional 292,064 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.
Insider Buying and Selling
In other Mastercard news, major shareholder Foundation Mastercard sold 119,000 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the sale, the insider now owns 92,033,308 shares in the company, valued at $43,113,923,465.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the sale, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 119,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the completion of the transaction, the insider now directly owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 340,809 shares of company stock valued at $159,610,703. Company insiders own 0.10% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Analysis on MA
Mastercard Stock Performance
Shares of MA opened at $495.67 on Thursday. The stock has a 50-day moving average of $474.05 and a 200-day moving average of $462.24. Mastercard Incorporated has a one year low of $359.77 and a one year high of $501.80. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $460.78 billion, a PE ratio of 39.40, a P/E/G ratio of 1.96 and a beta of 1.10.
Mastercard (NYSE:MA – Get Free Report) last released its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, beating analysts’ consensus estimates of $3.51 by $0.08. The firm had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.85 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. On average, equities research analysts predict that Mastercard Incorporated will post 14.29 EPS for the current fiscal year.
Mastercard Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s payout ratio is currently 20.99%.
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.
See Also
- Five stocks we like better than Mastercard
- What is the NASDAQ Stock Exchange?
- S&P 500 Hitting Resistance: These 3 Stocks Offer the Best Upside
- The 3 Best Retail Stocks to Shop for in August
- Nike’s Post-Earnings Drop Presents a Buying Opportunity
- Transportation Stocks Investing
- Microsoft’s Targeted Upside Might Be Too Good to Ignore
Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MA – Free Report).
Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.