Catalina Capital Group LLC Has $1.66 Million Stake in Mastercard Incorporated (NYSE:MA)

Catalina Capital Group LLC lifted its holdings in Mastercard Incorporated (NYSE:MA) by 6.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,370 shares of the credit services provider’s stock after buying an additional 199 shares during the period. Catalina Capital Group LLC’s holdings in Mastercard were worth $1,664,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Avidian Wealth Enterprises LLC lifted its holdings in shares of Mastercard by 6.4% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 1,717 shares of the credit services provider’s stock worth $848,000 after purchasing an additional 104 shares in the last quarter. Balentine LLC bought a new position in Mastercard in the 3rd quarter valued at about $264,000. Tobias Financial Advisors Inc. acquired a new position in Mastercard during the 3rd quarter valued at about $200,000. Falcon Wealth Planning purchased a new stake in shares of Mastercard in the third quarter worth approximately $224,000. Finally, Crestwood Advisors Group LLC boosted its holdings in Mastercard by 254.1% during the 3rd quarter. Crestwood Advisors Group LLC now owns 52,563 shares of the credit services provider’s stock worth $25,955,000 after acquiring an additional 37,720 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MA. Barclays upped their price objective on Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Bank of America increased their target price on shares of Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. Oppenheimer started coverage on shares of Mastercard in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price target on the stock. Macquarie raised their price objective on shares of Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Mizuho lifted their price objective on shares of Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $540.17.

Insider Activity at Mastercard

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 directly owns 17,118 shares in the company, valued at $8,440,885.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, major shareholder Foundation Mastercard sold 109,000 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the completion of the transaction, the insider now directly owns 91,924,308 shares in the company, valued at approximately $42,970,017,774.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction 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 completion of the sale, the chief marketing officer now owns 17,118 shares in the company, valued at $8,440,885.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 327,370 shares of company stock worth $153,495,958. 0.10% of the stock is owned by company insiders.

Mastercard Stock Down 0.0 %

NYSE:MA opened at $505.53 on Wednesday. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. The firm’s 50-day moving average price is $497.12 and its 200-day moving average price is $467.65. Mastercard Incorporated has a 1-year low of $384.20 and a 1-year high of $527.90. The company has a market capitalization of $467.03 billion, a PE ratio of 38.24, a P/E/G ratio of 2.23 and a beta of 1.10.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The company had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same period last year, the firm posted $3.39 earnings per share. Mastercard’s revenue was up 12.8% compared to the same quarter last year. On average, equities analysts predict that Mastercard Incorporated will post 14.4 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be given a dividend of $0.66 per share. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.52%. Mastercard’s payout ratio is currently 19.97%.

Mastercard Company 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.