Mastercard Incorporated (NYSE:MA) Shares Sold by Alkeon Capital Management LLC

Alkeon Capital Management LLC lowered its stake in shares of Mastercard Incorporated (NYSE:MA) by 0.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 778,879 shares of the credit services provider’s stock after selling 496 shares during the quarter. Mastercard makes up approximately 0.7% of Alkeon Capital Management LLC’s holdings, making the stock its 20th largest position. Alkeon Capital Management LLC owned approximately 0.08% of Mastercard worth $384,610,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC acquired a new position in Mastercard during the 3rd quarter worth $25,000. Strategic Investment Solutions Inc. IL acquired a new position in Mastercard during the 2nd quarter worth $34,000. First Personal Financial Services acquired a new position in Mastercard during the 3rd quarter worth $39,000. Fairway Wealth LLC acquired a new position in Mastercard during the 2nd quarter worth $35,000. Finally, Lowe Wealth Advisors LLC boosted its position 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 acquiring an additional 37 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $489.86, for a total value 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 approximately $7,363,085.66. This trade represents a 23.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MA shares. Piper Sandler reiterated an “overweight” rating and set a $575.00 price target (up previously from $565.00) on shares of Mastercard in a research report on Friday, November 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $572.00 price objective on shares of Mastercard in a research note on Thursday, November 14th. UBS Group boosted their price objective on Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. William Blair reissued an “outperform” rating on shares of Mastercard in a research note on Monday. Finally, Argus raised Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Four analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $549.16.

Mastercard Stock Performance

Shares of NYSE MA opened at $532.38 on Friday. The business’s 50-day moving average price is $509.57 and its two-hundred day moving average price is $475.63. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. Mastercard Incorporated has a one year low of $404.32 and a one year high of $534.03. The company has a market capitalization of $488.63 billion, a P/E ratio of 40.27, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates 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 for 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 quarterly revenue was up 12.8% compared to the same quarter last year. Analysts anticipate that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders 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 dividend on an annualized basis and a yield of 0.50%. Mastercard’s dividend payout ratio (DPR) is currently 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.