Roof Eidam Maycock Peralta LLC Boosts Stake in Mastercard Incorporated (NYSE:MA)

Roof Eidam Maycock Peralta LLC increased its position in Mastercard Incorporated (NYSE:MA) by 1.1% in the third quarter, HoldingsChannel reports. The firm owned 4,451 shares of the credit services provider’s stock after purchasing an additional 50 shares during the quarter. Roof Eidam Maycock Peralta LLC’s holdings in Mastercard were worth $2,198,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Raleigh Capital Management Inc. lifted its stake in shares of Mastercard by 5.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 563 shares of the credit services provider’s stock valued at $278,000 after purchasing an additional 31 shares during the period. Evernest Financial Advisors LLC lifted its stake in shares of Mastercard by 1.4% in the 3rd quarter. Evernest Financial Advisors LLC now owns 3,589 shares of the credit services provider’s stock valued at $1,772,000 after purchasing an additional 51 shares during the period. Venture Visionary Partners LLC lifted its stake in shares of Mastercard by 1.0% in the 3rd quarter. Venture Visionary Partners LLC now owns 31,051 shares of the credit services provider’s stock valued at $15,333,000 after purchasing an additional 306 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Mastercard by 1.2% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 4,480 shares of the credit services provider’s stock valued at $2,212,000 after purchasing an additional 52 shares during the period. Finally, Stewardship Advisors LLC bought a new position in Mastercard during the 3rd quarter valued at approximately $419,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Trading Down 0.3 %

Shares of NYSE MA opened at $515.01 on Tuesday. The business’s 50 day moving average is $488.09 and its two-hundred day moving average is $464.33. 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 1-year low of $359.77 and a 1-year high of $518.82. The stock has a market capitalization of $478.76 billion, a P/E ratio of 40.94, a PEG ratio of 2.22 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $6.85 billion. As a group, research analysts expect that Mastercard Incorporated will post 14.3 EPS for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be paid a dividend of $0.66 per share. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.51%. Mastercard’s payout ratio is currently 20.99%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MA shares. Barclays raised their price objective on Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Bank of America raised their price objective on Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. JPMorgan Chase & Co. raised their price objective on Mastercard from $570.00 to $593.00 and gave the company an “overweight” rating in a research report on Monday. KeyCorp raised their price objective on Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Finally, Citigroup lifted their target price on Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $525.68.

Insiders Place Their Bets

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’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 transaction, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This 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. In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’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 transaction, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This 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 that occurred on 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 transaction, the chief financial officer now directly owns 27,304 shares in the company, valued at approximately $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 valued at $159,610,703 over the last ninety days. 0.10% of the stock is owned by insiders.

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.