Motiv8 Investments LLC Acquires 321 Shares of Mastercard Incorporated (NYSE:MA)

Motiv8 Investments LLC boosted its holdings in Mastercard Incorporated (NYSE:MA) by 22.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,769 shares of the credit services provider’s stock after acquiring an additional 321 shares during the period. Motiv8 Investments LLC’s holdings in Mastercard were worth $873,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Park Edge Advisors LLC bought a new stake in shares of Mastercard during the 3rd quarter valued at $570,000. J.W. Cole Advisors Inc. lifted its position in Mastercard by 31.3% during the third quarter. J.W. Cole Advisors Inc. now owns 6,144 shares of the credit services provider’s stock worth $3,034,000 after purchasing an additional 1,466 shares during the period. State of Alaska Department of Revenue lifted its position in Mastercard by 2.4% during the third quarter. State of Alaska Department of Revenue now owns 137,284 shares of the credit services provider’s stock worth $67,790,000 after purchasing an additional 3,160 shares during the period. Goldstein Advisors LLC grew its stake in Mastercard by 1.3% during the third quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock worth $749,000 after buying an additional 20 shares in the last quarter. Finally, Frank Rimerman Advisors LLC raised its position in shares of Mastercard by 18.4% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 13,034 shares of the credit services provider’s stock valued at $6,436,000 after buying an additional 2,024 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the transaction, the chief marketing officer now owns 17,118 shares in the company, valued at $8,440,885.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction dated 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 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was 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 owns 27,304 shares in the company, valued at approximately $12,423,320. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 340,809 shares of company stock valued at $159,610,703 in the last quarter. 0.10% of the stock is currently owned by company insiders.

Mastercard Trading Down 0.6 %

MA stock traded down $3.26 during midday trading on Friday, hitting $507.36. The stock had a trading volume of 1,582,222 shares, compared to its average volume of 2,428,942. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. The firm has a market cap of $471.65 billion, a P/E ratio of 40.33, a price-to-earnings-growth ratio of 2.27 and a beta of 1.10. The business has a fifty day moving average price of $491.84 and a two-hundred day moving average price of $465.39. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $518.82.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, beating 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 company had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.85 billion. On average, sell-side analysts predict that Mastercard Incorporated will post 14.32 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm 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 dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s payout ratio is 20.99%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Bank of America increased their price target 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. Argus upgraded Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Barclays upped their price objective on Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. BNP Paribas cut Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price on the stock. in a research report on Tuesday, September 3rd. Finally, Susquehanna increased their target price on shares of Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $525.68.

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.