Transcendent Capital Group LLC Boosts Stake in Mastercard Incorporated (NYSE:MA)

Transcendent Capital Group LLC raised its position in Mastercard Incorporated (NYSE:MA) by 4.8% during the third quarter, Holdings Channel reports. The firm owned 455 shares of the credit services provider’s stock after buying an additional 21 shares during the quarter. Transcendent Capital Group LLC’s holdings in Mastercard were worth $225,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC acquired a new stake in Mastercard during the 3rd quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Mastercard during the second quarter worth $34,000. Fairway Wealth LLC purchased a new position in Mastercard in the second quarter valued at $35,000. First Personal Financial Services acquired a new position in Mastercard during the 3rd quarter worth $39,000. Finally, Lowe Wealth Advisors LLC increased its holdings in Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 37 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder Foundation Mastercard sold 119,000 shares of the 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Mastercard news, major shareholder Foundation Mastercard sold 119,000 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the sale, the insider now directly owns 92,033,308 shares in the company, valued at approximately $43,113,923,465.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction dated Friday, September 20th. The shares were 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. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 327,370 shares of company stock valued at $153,495,958 over the last quarter. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on MA. Deutsche Bank Aktiengesellschaft boosted their price objective on Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Royal Bank of Canada increased their price objective on shares of Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. TD Cowen lifted their price objective on shares of Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Morgan Stanley increased their target price on Mastercard from $540.00 to $544.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Finally, Argus raised Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $540.17.

Mastercard Stock Up 1.3 %

MA opened at $524.76 on Friday. Mastercard Incorporated has a 52 week low of $386.74 and a 52 week high of $528.84. The business has a 50 day moving average price of $499.68 and a two-hundred day moving average price of $468.84. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. The company has a market cap of $481.64 billion, a PE ratio of 39.69, a P/E/G ratio of 2.28 and a beta of 1.10.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping 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 business had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter in the prior year, the business earned $3.39 earnings per share. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. As a group, research analysts anticipate that Mastercard Incorporated will post 14.45 EPS for the current year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.50%. The ex-dividend date was Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 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.