Meeder Advisory Services Inc. Acquires 399 Shares of Mastercard Incorporated (NYSE:MA)

Meeder Advisory Services Inc. grew its holdings in Mastercard Incorporated (NYSE:MA) by 2.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,918 shares of the credit services provider’s stock after acquiring an additional 399 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Mastercard were worth $7,860,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Highline Wealth Partners LLC acquired a new position in Mastercard during the third quarter worth about $25,000. Strategic Investment Solutions Inc. IL acquired a new position in Mastercard during the second quarter worth about $34,000. Fairway Wealth LLC acquired a new position in Mastercard during the second quarter worth about $35,000. First Personal Financial Services acquired a new position in Mastercard during the third quarter worth about $39,000. Finally, Lowe Wealth Advisors LLC raised its stake in Mastercard by 74.0% during the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after acquiring an additional 37 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on MA shares. William Blair upgraded shares of Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Oppenheimer initiated coverage on shares of Mastercard in a research report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 target price for the company. Macquarie increased their target price on shares of Mastercard from $505.00 to $565.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. decreased their target price on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Finally, Susquehanna lifted their price target on shares of Mastercard from $540.00 to $605.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $549.16.

Mastercard Stock Performance

Shares of MA stock opened at $522.93 on Monday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. Mastercard Incorporated has a fifty-two week low of $398.26 and a fifty-two week high of $534.03. The stock has a 50 day moving average price of $504.09 and a two-hundred day moving average price of $471.38. The company has a market capitalization of $479.96 billion, a P/E ratio of 39.48, a PEG ratio of 2.28 and a beta of 1.10.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share 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 firm had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. During the same quarter in the previous year, the company posted $3.39 earnings per share. The business’s revenue was up 12.8% on a year-over-year basis. Analysts expect that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were paid a $0.66 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.50%. Mastercard’s payout ratio is 19.97%.

Insider Buying and Selling

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s 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 transaction, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at $7,363,085.66. This represents a 23.76 % 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. Also, major shareholder Foundation Mastercard sold 90,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total value of $42,192,000.00. Following the transaction, the insider now directly owns 91,649,308 shares in the company, valued at approximately $42,965,195,590.40. The trade was a 0.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 99,370 shares of company stock valued at $46,797,168 over the last ninety days. Company insiders own 0.10% of the company’s stock.

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.