Mastercard Incorporated (NYSE:MA) Shares Bought by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. lifted its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,475 shares of the credit services provider’s stock after purchasing an additional 615 shares during the period. Mastercard accounts for about 1.2% of Adell Harriman & Carpenter Inc.’s portfolio, making the stock its 24th largest holding. Adell Harriman & Carpenter Inc.’s holdings in Mastercard were worth $16,036,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. International Assets Investment Management LLC increased its position in shares of Mastercard by 120,665.3% during the 3rd 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 purchasing an additional 8,035,099 shares during the last quarter. Swedbank AB purchased a new stake in shares of Mastercard in the 1st quarter valued at approximately $660,652,000. PineStone Asset Management Inc. lifted its holdings in shares of Mastercard by 145.6% in the 2nd quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock worth $784,148,000 after acquiring an additional 1,053,616 shares during the last quarter. Manning & Napier Advisors LLC purchased a new stake in Mastercard in the second quarter valued at approximately $259,071,000. Finally, Capital World Investors lifted its stake in Mastercard by 13.3% during 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 acquiring an additional 387,317 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at $7,363,085.66. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Mastercard news, major shareholder Foundation Mastercard sold 90,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the completion of the transaction, the insider now owns 91,649,308 shares of the company’s stock, valued at approximately $42,965,195,590.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 340,809 shares of company stock worth $159,610,703. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MA has been the subject of several research reports. Oppenheimer began coverage on shares of Mastercard in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price target for the company. Susquehanna boosted their target price on Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a research note on Thursday, August 1st. Argus upgraded shares of Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. KeyCorp lifted their price target on shares of Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Finally, Bank of America raised their price objective on Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Four equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and an average target price of $525.68.

Mastercard Price Performance

Shares of NYSE MA opened at $506.28 on Wednesday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. Mastercard Incorporated has a one year low of $364.72 and a one year high of $518.82. The firm has a market capitalization of $467.72 billion, a P/E ratio of 38.71, a PEG ratio of 2.27 and a beta of 1.10. The company’s fifty day moving average is $493.40 and its two-hundred day moving average is $465.94.

Mastercard (NYSE:MA) last issued its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.08. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The company had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.85 billion. Analysts forecast that Mastercard Incorporated will post 14.32 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.52%. Mastercard’s dividend payout ratio is presently 20.18%.

About Mastercard

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.