Mastercard Incorporated (NYSE:MA) Position Lessened by Burr Financial Services LLC

Burr Financial Services LLC decreased its stake in Mastercard Incorporated (NYSE:MA) by 1.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,049 shares of the credit services provider’s stock after selling 40 shares during the period. Mastercard comprises 0.7% of Burr Financial Services LLC’s holdings, making the stock its 16th largest position. Burr Financial Services LLC’s holdings in Mastercard were worth $1,012,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Hudson Valley Investment Advisors Inc. ADV increased its position in Mastercard by 3.6% in the 3rd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 1,084 shares of the credit services provider’s stock valued at $535,000 after acquiring an additional 38 shares during the period. JFS Wealth Advisors LLC increased its position in Mastercard by 3.2% in the 3rd quarter. JFS Wealth Advisors LLC now owns 773 shares of the credit services provider’s stock valued at $381,000 after acquiring an additional 24 shares during the period. SteelPeak Wealth LLC increased its position in Mastercard by 0.6% in the 3rd quarter. SteelPeak Wealth LLC now owns 4,956 shares of the credit services provider’s stock valued at $2,447,000 after acquiring an additional 28 shares during the period. Diversify Wealth Management LLC increased its position in Mastercard by 4.5% in the 3rd quarter. Diversify Wealth Management LLC now owns 8,047 shares of the credit services provider’s stock valued at $4,134,000 after acquiring an additional 350 shares during the period. Finally, Pinnacle Associates Ltd. increased its position in Mastercard by 6.2% in the 3rd quarter. Pinnacle Associates Ltd. now owns 42,373 shares of the credit services provider’s stock valued at $20,924,000 after acquiring an additional 2,489 shares during the period. Institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the business’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 owns 27,304 shares in the company, valued at $12,423,320. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’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 completion of the transaction, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at $8,440,885.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO J. Mehra Sachin sold 13,439 shares of the company’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 completion of the transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 340,809 shares of company stock worth $159,610,703 over the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently commented on MA shares. Susquehanna raised their target price on Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research report on Thursday, August 1st. Bank of America lifted their price target on Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. JPMorgan Chase & Co. lifted their price target on Mastercard from $570.00 to $593.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. BNP Paribas cut Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target on the stock. in a research report on Tuesday, September 3rd. Finally, Citigroup lifted their price target on Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and an average price target of $525.68.

Mastercard Stock Performance

Shares of MA stock opened at $513.96 on Thursday. Mastercard Incorporated has a 1-year low of $373.11 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 company has a market capitalization of $474.81 billion, a price-to-earnings ratio of 39.29, a P/E/G ratio of 2.27 and a beta of 1.10. The stock’s fifty day simple moving average is $494.33 and its 200-day simple moving average is $466.27.

Mastercard (NYSE:MA) last issued its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $3.51 by $0.08. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The firm had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.85 billion. On average, sell-side analysts predict that Mastercard Incorporated will post 14.32 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 paid a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.51%. Mastercard’s dividend payout ratio (DPR) is currently 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.