Dudley Capital Management LLC Sells 75 Shares of Mastercard Incorporated (NYSE:MA)

Dudley Capital Management LLC lowered its holdings in Mastercard Incorporated (NYSE:MA) by 1.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,110 shares of the credit services provider’s stock after selling 75 shares during the period. Mastercard makes up about 1.6% of Dudley Capital Management LLC’s portfolio, making the stock its 14th largest holding. Dudley Capital Management LLC’s holdings in Mastercard were worth $3,017,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in Mastercard by 0.4% during the first 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 in the last quarter. Capital Research Global Investors grew its holdings in shares of Mastercard by 0.3% during 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 purchasing an additional 43,881 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Mastercard by 120,665.3% in the third 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 purchasing an additional 8,035,099 shares during the period. Ameriprise Financial Inc. raised its stake in Mastercard by 1.4% in the second quarter. Ameriprise Financial Inc. now owns 5,082,729 shares of the credit services provider’s stock valued at $2,241,297,000 after purchasing an additional 71,569 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its position in Mastercard by 2.7% during the second 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 purchasing an additional 113,238 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the transaction, the chief marketing officer now owns 17,118 shares in the company, valued at approximately $8,440,885.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $467.45, for a total value of $50,952,050.00. Following the transaction, the insider now owns 91,924,308 shares in the company, valued at $42,970,017,774.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the sale, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at $8,440,885.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 327,370 shares of company stock valued at $153,495,958. Corporate insiders own 0.10% of the company’s stock.

Mastercard Stock Performance

MA stock opened at $517.88 on Friday. Mastercard Incorporated has a 1-year low of $386.74 and a 1-year high of $527.90. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. The stock has a 50-day moving average price of $498.11 and a 200-day moving average price of $468.02. The firm has a market cap of $478.44 billion, a PE ratio of 39.17, a price-to-earnings-growth ratio of 2.21 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its quarterly 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 firm 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 revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.39 earnings per share. As a group, equities research analysts expect that Mastercard Incorporated will post 14.45 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Wednesday, October 9th. Mastercard’s payout ratio is 19.97%.

Analyst Ratings Changes

A number of brokerages have weighed in on MA. Compass Point initiated coverage on Mastercard in a report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 target price on the stock. Susquehanna upped their price objective on shares of Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their target price on shares of Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Piper Sandler reiterated an “overweight” rating and set a $565.00 price target (up from $536.00) on shares of Mastercard in a report on Friday, November 1st. Finally, Morgan Stanley increased their price target on Mastercard from $540.00 to $544.00 and gave the company an “overweight” rating in a research note on Monday. 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $540.17.

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.