Carrera Capital Advisors Raises Stock Position in Mastercard Incorporated (NYSE:MA)

Carrera Capital Advisors lifted its position in Mastercard Incorporated (NYSE:MA) by 4.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 504 shares of the credit services provider’s stock after buying an additional 21 shares during the period. Carrera Capital Advisors’ holdings in Mastercard were worth $249,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Mastercard by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 75,584,606 shares of the credit services provider’s stock worth $36,399,279,000 after buying an additional 330,872 shares during the last quarter. Capital Research Global Investors grew its position in shares of Mastercard by 0.3% in the 1st quarter. Capital Research Global Investors now owns 13,651,904 shares of the credit services provider’s stock worth $6,574,347,000 after buying an additional 43,881 shares during the last quarter. International Assets Investment Management LLC grew its position 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 worth $3,971,020,000 after buying an additional 8,035,099 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Mastercard by 1.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,082,729 shares of the credit services provider’s stock worth $2,241,297,000 after buying an additional 71,569 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its position in shares of Mastercard by 2.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,327,168 shares of the credit services provider’s stock worth $1,908,973,000 after buying an additional 113,238 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

NYSE MA traded down $0.08 on Tuesday, hitting $530.04. The company had a trading volume of 587,649 shares, compared to its average volume of 2,442,071. The company has a market capitalization of $486.49 billion, a PE ratio of 40.10, a PEG ratio of 2.30 and a beta of 1.10. The company’s fifty day moving average price is $500.61 and its 200-day moving average price is $469.41. 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 12-month low of $393.02 and a 12-month high of $534.03.

Mastercard (NYSE:MA) last issued 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. The company had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.39 EPS. As a group, analysts predict that Mastercard Incorporated will post 14.45 earnings per share for the current year.

Mastercard Dividend Announcement

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

Insider Buying and Selling

In other news, major shareholder Foundation Mastercard sold 109,000 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the completion of the sale, the insider now owns 91,924,308 shares of the company’s stock, valued at $42,970,017,774.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction on 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 109,000 shares of the company’s stock in a transaction on 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 sale, the insider now directly owns 91,924,308 shares of the company’s stock, valued at $42,970,017,774.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 327,370 shares of company stock valued at $153,495,958. 0.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Barclays boosted their target price on shares of Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Bank of America boosted their target price on shares of Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. TD Cowen boosted their target price 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. KeyCorp boosted their target price on shares of Mastercard from $515.00 to $580.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, Citigroup boosted their target price on shares of Mastercard from $566.00 to $572.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Four investment analysts have rated the stock with a hold rating, twenty have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $540.17.

About Mastercard

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.