Mastercard Incorporated (NYSE:MA) Stake Lifted by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI increased its stake in shares of Mastercard Incorporated (NYSE:MA) by 192.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,383 shares of the credit services provider’s stock after buying an additional 16,039 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Mastercard were worth $12,040,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MA. Brookstone Capital Management grew its stake in Mastercard by 3.4% during the 1st quarter. Brookstone Capital Management now owns 7,272 shares of the credit services provider’s stock worth $3,502,000 after buying an additional 237 shares during the last quarter. Aletheian Wealth Advisors LLC boosted its position in Mastercard by 19.5% during the 1st quarter. Aletheian Wealth Advisors LLC now owns 638 shares of the credit services provider’s stock worth $307,000 after acquiring an additional 104 shares during the period. Revolve Wealth Partners LLC boosted its position in Mastercard by 2.3% during the 1st quarter. Revolve Wealth Partners LLC now owns 4,591 shares of the credit services provider’s stock worth $2,211,000 after acquiring an additional 104 shares during the period. DGS Capital Management LLC boosted its position in Mastercard by 37.5% during the 1st quarter. DGS Capital Management LLC now owns 2,940 shares of the credit services provider’s stock worth $1,416,000 after acquiring an additional 802 shares during the period. Finally, Clarity Financial LLC boosted its position in Mastercard by 7.5% during the 1st quarter. Clarity Financial LLC now owns 778 shares of the credit services provider’s stock worth $375,000 after acquiring an additional 54 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Piper Sandler boosted their price target on Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Argus upgraded Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. Oppenheimer began coverage on Mastercard in a research report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 price target for the company. Barclays upped their price objective on Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Finally, Compass Point began coverage on Mastercard in a report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price objective for the company. Four research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and an average target price of $525.68.

Insiders Place Their Bets

In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction dated 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 sale, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 340,809 shares of company stock valued at $159,610,703 in the last three months. Insiders own 0.10% of the company’s stock.

Mastercard Stock Up 0.0 %

NYSE:MA opened at $513.23 on Wednesday. The firm has a market capitalization of $477.11 billion, a price-to-earnings ratio of 40.78, a PEG ratio of 2.22 and a beta of 1.10. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $518.82. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. The business’s fifty day moving average price is $489.16 and its 200 day moving average price is $464.58.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.08. The firm had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. On average, sell-side analysts forecast that Mastercard Incorporated will post 14.3 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.51%. 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.