Motley Fool Asset Management LLC Purchases 301 Shares of Mastercard Incorporated (NYSE:MA)

Motley Fool Asset Management LLC grew its position in shares of Mastercard Incorporated (NYSE:MA) by 0.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 74,153 shares of the credit services provider’s stock after acquiring an additional 301 shares during the quarter. Mastercard accounts for 2.2% of Motley Fool Asset Management LLC’s holdings, making the stock its 9th biggest position. Motley Fool Asset Management LLC’s holdings in Mastercard were worth $36,808,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Highline Wealth Partners LLC bought a new stake in shares of Mastercard during the 3rd quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL bought a new stake in Mastercard during the second quarter worth $34,000. Fairway Wealth LLC acquired a new stake in Mastercard in the second quarter valued at $35,000. First Personal Financial Services bought a new position in shares of Mastercard in the 3rd quarter valued at about $39,000. Finally, Lowe Wealth Advisors LLC increased its stake in shares of Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 37 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Insider Transactions at Mastercard

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the completion of the sale, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at $8,440,885.80. This trade represents a 21.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MA shares. Oppenheimer began coverage on Mastercard in a report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 price target for the company. JPMorgan Chase & Co. decreased their target price on Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. BNP Paribas cut Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target on the stock. in a research note on Tuesday, September 3rd. Piper Sandler reaffirmed an “overweight” rating and set a $575.00 price objective (up from $565.00) on shares of Mastercard in a research report on Friday, November 15th. Finally, Compass Point initiated coverage on shares of Mastercard in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price objective on the stock. Four analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and an average target price of $549.16.

Mastercard Stock Performance

Mastercard stock opened at $526.18 on Wednesday. The business’s 50-day moving average price is $511.83 and its two-hundred day moving average price is $477.41. Mastercard Incorporated has a 12-month low of $404.32 and a 12-month high of $535.77. 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 stock has a market cap of $482.94 billion, a PE ratio of 39.80, a P/E/G ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. During the same quarter in the prior year, the firm earned $3.39 EPS. The firm’s revenue was up 12.8% compared to the same quarter last year. As a group, analysts expect that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were issued a $0.66 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.50%. Mastercard’s dividend payout ratio (DPR) is presently 19.97%.

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.