Capital Counsel LLC NY Decreases Holdings in Mastercard Incorporated (NYSE:MA)

Capital Counsel LLC NY reduced its position in Mastercard Incorporated (NYSE:MA) by 1.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,419 shares of the credit services provider’s stock after selling 50 shares during the period. Mastercard accounts for approximately 0.1% of Capital Counsel LLC NY’s investment portfolio, making the stock its 26th largest holding. Capital Counsel LLC NY’s holdings in Mastercard were worth $2,182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Highline Wealth Partners LLC purchased a new stake in shares of Mastercard during the 3rd quarter valued at about $25,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Mastercard during the 2nd quarter worth $34,000. Fairway Wealth LLC bought a new stake in shares of Mastercard during the 2nd quarter valued at $35,000. First Personal Financial Services purchased a new stake in shares of Mastercard in the 3rd quarter worth $39,000. Finally, Lowe Wealth Advisors LLC raised its holdings in Mastercard by 74.0% in 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 hedge funds and other institutional investors.

Insider Transactions at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction dated 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 completion of the sale, the chief marketing officer now directly owns 15,031 shares in the company, valued at approximately $7,363,085.66. This trade represents a 23.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

Mastercard Stock Up 0.4 %

Shares of Mastercard stock opened at $528.48 on Wednesday. Mastercard Incorporated has a 1 year low of $404.32 and a 1 year 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 stock has a market cap of $485.05 billion, a price-to-earnings ratio of 39.98, a PEG ratio of 2.34 and a beta of 1.10. The firm’s 50-day moving average is $508.03 and its two-hundred day moving average is $474.83.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (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 analysts’ expectations of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter last year, the firm earned $3.39 EPS. As a group, research analysts expect that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have recently commented on MA. Piper Sandler reaffirmed an “overweight” rating and issued a $575.00 price objective (up previously from $565.00) on shares of Mastercard in a research note on Friday, November 15th. Macquarie increased their price objective on shares of Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. lowered their target price on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. BMO Capital Markets increased their price target on Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Finally, Compass Point began coverage on Mastercard in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and a consensus price target of $549.16.

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.