Platform Technology Partners Lowers Stock Position in Mastercard Incorporated (NYSE:MA)

Platform Technology Partners lessened its stake in Mastercard Incorporated (NYSE:MA) by 2.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,234 shares of the credit services provider’s stock after selling 85 shares during the quarter. Platform Technology Partners’ holdings in Mastercard were worth $1,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Mastercard by 1.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,960,296 shares of the credit services provider’s stock worth $967,994,000 after purchasing an additional 25,214 shares during the last quarter. WealthPlan Investment Management LLC raised its position in shares of Mastercard by 27.7% in the 3rd quarter. WealthPlan Investment Management LLC now owns 18,827 shares of the credit services provider’s stock worth $9,297,000 after purchasing an additional 4,087 shares during the last quarter. Waverton Investment Management Ltd raised its position in shares of Mastercard by 31.2% in the 3rd quarter. Waverton Investment Management Ltd now owns 4,733 shares of the credit services provider’s stock worth $2,337,000 after purchasing an additional 1,126 shares during the last quarter. Everhart Financial Group Inc. raised its position in shares of Mastercard by 17.8% in the 3rd quarter. Everhart Financial Group Inc. now owns 4,377 shares of the credit services provider’s stock worth $2,161,000 after purchasing an additional 660 shares during the last quarter. Finally, Coalescence Partners Investment Management LP purchased a new position in Mastercard in the 3rd quarter worth about $13,616,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Activity at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Mastercard news, major shareholder Foundation Mastercard sold 119,000 shares of Mastercard stock in a transaction on Friday, August 16th. The shares were 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 directly owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on 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 sale, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 327,370 shares of company stock valued at $153,495,958. 0.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

MA has been the subject of a number of recent analyst reports. Bank of America boosted their target price on Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. Argus raised Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. Oppenheimer initiated coverage on Mastercard in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 target price for the company. Morgan Stanley boosted their target price on Mastercard from $540.00 to $544.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Finally, TD Cowen boosted their target price on Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Four analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $540.17.

Mastercard Trading Up 1.0 %

MA stock opened at $530.12 on Tuesday. The firm has a fifty day moving average price of $500.61 and a 200 day moving average price of $469.41. Mastercard Incorporated has a fifty-two week low of $393.02 and a fifty-two week high of $534.03. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market cap of $486.56 billion, a PE ratio of 40.10, a price-to-earnings-growth ratio of 2.30 and a beta of 1.10.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. During the same period last year, the firm posted $3.39 earnings per share. Mastercard’s revenue for the quarter was up 12.8% compared to the same quarter last year. Sell-side analysts anticipate that Mastercard Incorporated will post 14.45 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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