Kerusso Capital Management LLC Increases Position in Mastercard Incorporated (NYSE:MA)

Kerusso Capital Management LLC lifted its stake in shares of Mastercard Incorporated (NYSE:MA) by 6.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,287 shares of the credit services provider’s stock after purchasing an additional 319 shares during the period. Kerusso Capital Management LLC’s holdings in Mastercard were worth $2,611,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. China Universal Asset Management Co. Ltd. grew its stake in shares of Mastercard by 46.4% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 14,785 shares of the credit services provider’s stock valued at $7,120,000 after buying an additional 4,685 shares during the period. KCM Investment Advisors LLC increased its holdings in Mastercard by 6.6% in the 1st quarter. KCM Investment Advisors LLC now owns 3,969 shares of the credit services provider’s stock valued at $1,911,000 after purchasing an additional 244 shares during the last quarter. WealthPLAN Partners LLC lifted its stake in Mastercard by 1.9% during the first quarter. WealthPLAN Partners LLC now owns 11,296 shares of the credit services provider’s stock worth $5,440,000 after purchasing an additional 216 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of Mastercard during the first quarter worth $2,938,000. Finally, Montag A & Associates Inc. grew its stake in shares of Mastercard by 1.0% in the first quarter. Montag A & Associates Inc. now owns 24,999 shares of the credit services provider’s stock valued at $12,039,000 after buying an additional 247 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MA has been the topic of several research reports. William Blair raised shares of Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Macquarie upped their price objective on Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Compass Point assumed coverage on Mastercard in a research note on Wednesday, September 4th. They set a “neutral” rating and a $525.00 target price for the company. Royal Bank of Canada lifted their price objective on Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Finally, Morgan Stanley upped their target price on shares of Mastercard from $540.00 to $544.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Four analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and an average price target of $540.17.

Insider Buying and Selling at Mastercard

In related news, major shareholder Foundation Mastercard sold 109,000 shares of the company’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 sale, the insider now owns 91,924,308 shares of the company’s stock, valued at approximately $42,970,017,774.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 109,000 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 91,924,308 shares in the company, valued at approximately $42,970,017,774.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 327,370 shares of company stock valued at $153,495,958 over the last quarter. Corporate insiders own 0.10% of the company’s stock.

Mastercard Price Performance

Shares of NYSE MA traded up $6.88 during midday trading on Friday, hitting $524.76. The company had a trading volume of 2,215,681 shares, compared to its average volume of 2,508,209. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. The business has a 50-day simple moving average of $499.68 and a two-hundred day simple moving average of $468.84. Mastercard Incorporated has a twelve month low of $386.74 and a twelve month high of $528.84. The firm has a market capitalization of $481.64 billion, a price-to-earnings ratio of 39.69, a price-to-earnings-growth ratio of 2.28 and a beta of 1.10.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates 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 company’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.39 EPS. Equities research analysts anticipate that Mastercard Incorporated will post 14.45 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s payout ratio 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.