Mastercard Incorporated (NYSE:MA) Shares Bought by Commonwealth Retirement Investments LLC

Commonwealth Retirement Investments LLC grew its position in Mastercard Incorporated (NYSE:MA) by 3.0% during the third quarter, Holdings Channel reports. The firm owned 3,139 shares of the credit services provider’s stock after acquiring an additional 91 shares during the period. Commonwealth Retirement Investments LLC’s holdings in Mastercard were worth $1,550,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of MA. International Assets Investment Management LLC lifted its holdings in shares of Mastercard by 120,665.3% in the 3rd quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock valued at $3,971,020,000 after buying an additional 8,035,099 shares during the period. Swedbank AB purchased a new position in shares of Mastercard during the 1st quarter valued at approximately $660,652,000. PineStone Asset Management Inc. lifted its stake 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 valued at $784,148,000 after purchasing an additional 1,053,616 shares during the period. Manning & Napier Advisors LLC acquired a new stake in Mastercard during the second quarter valued at $259,071,000. Finally, Capital World Investors increased its holdings in Mastercard by 13.3% in the first quarter. Capital World Investors now owns 3,293,617 shares of the credit services provider’s stock valued at $1,586,107,000 after buying an additional 387,317 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MA has been the topic of several recent analyst reports. Susquehanna increased their target price on shares of Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Oppenheimer began coverage on Mastercard in a report on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price objective on the stock. Deutsche Bank Aktiengesellschaft increased their target price on Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a research report on Friday, November 1st. William Blair raised shares of Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, 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 report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $540.17.

Insider Buying and Selling at Mastercard

In related news, major shareholder Foundation Mastercard sold 109,000 shares of Mastercard stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $467.45, for a total value of $50,952,050.00. Following the completion of the sale, the insider now owns 91,924,308 shares in the company, valued at approximately $42,970,017,774.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction dated 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 $42,970,017,774.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction dated 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 sale, the chief marketing officer now owns 15,031 shares in the company, valued at $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. Insiders sold a total of 327,370 shares of company stock worth $153,495,958 over the last three months. Insiders own 0.10% of the company’s stock.

Mastercard Trading Down 0.0 %

Shares of MA stock traded down $0.04 during trading on Tuesday, hitting $530.08. 428,291 shares of the stock traded hands, compared to its average volume of 2,441,343. The firm has a market capitalization of $486.52 billion, a P/E ratio of 40.10, a price-to-earnings-growth ratio of 2.30 and a beta of 1.10. Mastercard Incorporated has a 52-week low of $393.02 and a 52-week high of $534.03. 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 fifty day moving average price is $500.61 and its 200-day moving average price is $469.41.

Mastercard (NYSE:MA) last announced its quarterly earnings results 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. The business had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The company’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.39 EPS. As a group, research analysts forecast that Mastercard Incorporated will post 14.45 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 19.97%.

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.