Mastercard Incorporated (NYSE:MA) Shares Acquired by Capital Investment Advisors LLC

Capital Investment Advisors LLC increased its position in shares of Mastercard Incorporated (NYSE:MA) by 17.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,751 shares of the credit services provider’s stock after acquiring an additional 1,317 shares during the quarter. Capital Investment Advisors LLC’s holdings in Mastercard were worth $4,321,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MA. Dixon Mitchell Investment Counsel Inc. grew its holdings in Mastercard by 4.6% in the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 37,229 shares of the credit services provider’s stock valued at $18,384,000 after buying an additional 1,648 shares during the period. Blue Trust Inc. boosted its position in shares of Mastercard by 89.6% in the third quarter. Blue Trust Inc. now owns 10,851 shares of the credit services provider’s stock worth $5,358,000 after acquiring an additional 5,128 shares during the last quarter. Mogy Joel R Investment Counsel Inc. grew its holdings in Mastercard by 0.5% in the third quarter. Mogy Joel R Investment Counsel Inc. now owns 39,522 shares of the credit services provider’s stock valued at $19,516,000 after purchasing an additional 183 shares during the period. Moss Adams Wealth Advisors LLC increased its position in Mastercard by 9.7% during the third quarter. Moss Adams Wealth Advisors LLC now owns 2,559 shares of the credit services provider’s stock worth $1,264,000 after purchasing an additional 227 shares during the last quarter. Finally, Generate Investment Management Ltd purchased a new position in Mastercard during the third quarter worth approximately $6,318,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of the transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Mastercard news, major shareholder Foundation Mastercard sold 119,000 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $468.46, for a total value of $55,746,740.00. Following the sale, the insider now directly owns 92,033,308 shares in the company, valued at approximately $43,113,923,465.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the transaction, the chief financial officer now owns 27,304 shares of the company’s stock, valued at $12,423,320. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 340,809 shares of company stock worth $159,610,703 over the last ninety days. 0.10% of the stock is owned by insiders.

Mastercard Trading Up 0.5 %

NYSE MA opened at $516.34 on Friday. The company has a market capitalization of $480.00 billion, a price-to-earnings ratio of 41.04, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $518.00. The company’s fifty day moving average price is $486.90 and its two-hundred day moving average price is $464.10.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $0.08. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The business had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.85 billion. As a group, research analysts predict that Mastercard Incorporated will post 14.3 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company 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 dividend yield of 0.51%. The ex-dividend date is Wednesday, October 9th. Mastercard’s dividend payout ratio is currently 20.99%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on MA shares. Evercore ISI lowered their price objective on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. TD Cowen upped their price target on Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. William Blair raised Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. BMO Capital Markets reissued an “outperform” rating and set a $520.00 target price on shares of Mastercard in a research report on Wednesday, August 14th. Finally, BNP Paribas cut shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target on the stock. in a research report on Tuesday, September 3rd. Four research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $524.64.

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.