Garrison Asset Management LLC Has $3.18 Million Position in Mastercard Incorporated (NYSE:MA)

Garrison Asset Management LLC trimmed its stake in Mastercard Incorporated (NYSE:MA) by 0.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,432 shares of the credit services provider’s stock after selling 52 shares during the quarter. Mastercard comprises about 1.6% of Garrison Asset Management LLC’s holdings, making the stock its 26th biggest position. Garrison Asset Management LLC’s holdings in Mastercard were worth $3,176,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Coppell Advisory Solutions Corp. bought a new stake in Mastercard during the 1st quarter valued at $608,000. SteelPeak Wealth LLC boosted its stake in Mastercard by 48.6% during the 2nd quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock valued at $2,174,000 after purchasing an additional 1,612 shares during the last quarter. Sarasin & Partners LLP lifted its position in shares of Mastercard by 4.7% during the third quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider’s stock valued at $410,813,000 after purchasing an additional 37,486 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of Mastercard in the 1st quarter worth approximately $2,938,000. Finally, OMC Financial Services LTD purchased a new stake in shares of Mastercard during the 1st quarter valued at approximately $17,854,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Down 0.3 %

NYSE MA traded down $1.72 during trading on Monday, reaching $506.36. 282,927 shares of the company’s stock were exchanged, compared to its average volume of 2,440,024. The company has a 50 day moving average price of $495.77 and a two-hundred day moving average price of $466.94. The stock has a market cap of $467.80 billion, a P/E ratio of 38.43, a price-to-earnings-growth ratio of 2.21 and a beta of 1.10. Mastercard Incorporated has a 1 year low of $384.20 and a 1 year high of $527.90. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.14 and a current ratio of 1.29.

Mastercard (NYSE:MA) last issued its 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 for 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 business’s revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the firm earned $3.39 EPS. On average, equities research analysts anticipate that Mastercard Incorporated will post 14.35 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 19.97%.

Wall Street Analyst Weigh In

MA has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a research note on Friday. Robert W. Baird lifted their price target on Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. William Blair raised Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Citigroup increased their price objective on Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Susquehanna upped their price objective on shares of Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a report on Friday. Four research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and a consensus target price of $537.92.

Insider Buying and Selling at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s 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 transaction, the chief marketing officer now directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction dated 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 transaction, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at $8,440,885.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Foundation Mastercard sold 119,000 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the completion of the transaction, the insider now owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 327,370 shares of company stock valued at $153,495,958 over the last 90 days. 0.10% of the stock is owned by corporate insiders.

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.