W.G. Shaheen & Associates DBA Whitney & Co Purchases Shares of 409 Mastercard Incorporated (NYSE:MA)

W.G. Shaheen & Associates DBA Whitney & Co acquired a new position in shares of Mastercard Incorporated (NYSE:MA) in the 3rd quarter, HoldingsChannel reports. The fund acquired 409 shares of the credit services provider’s stock, valued at approximately $202,000.

A number of other institutional investors also recently modified their holdings of MA. Sarasin & Partners LLP increased its position in Mastercard by 4.7% in the 3rd quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider’s stock valued at $410,813,000 after buying an additional 37,486 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Mastercard by 4.8% during the third quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider’s stock valued at $1,497,160,000 after buying an additional 138,842 shares during the last quarter. Coppell Advisory Solutions Corp. bought a new stake in shares of Mastercard during the first quarter worth about $608,000. SteelPeak Wealth LLC lifted its position in Mastercard by 48.6% in the 2nd quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock valued at $2,174,000 after acquiring an additional 1,612 shares in the last quarter. Finally, OMC Financial Services LTD acquired a new position in Mastercard during the 1st quarter valued at about $17,854,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of analyst reports. Compass Point assumed coverage on shares of Mastercard in a report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price objective on the stock. Barclays upped their target price on Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Oppenheimer began coverage on Mastercard in a report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 price target on the stock. Robert W. Baird upped their price objective on Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, Susquehanna boosted their price target on shares of Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $549.16.

Insiders Place Their Bets

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. This trade represents a 23.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 90,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the sale, the insider now directly owns 91,649,308 shares in the company, valued at approximately $42,965,195,590.40. The trade was a 0.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 99,370 shares of company stock worth $46,797,168. Corporate insiders own 0.10% of the company’s stock.

Mastercard Trading Down 0.0 %

NYSE MA opened at $521.63 on Tuesday. The company has a 50 day moving average price of $504.78 and a 200 day moving average price of $471.95. Mastercard Incorporated has a 52 week low of $398.26 and a 52 week high of $534.03. The firm has a market cap of $478.77 billion, a PE ratio of 39.46, a price-to-earnings-growth ratio of 2.32 and a beta of 1.10. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36.

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

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were paid 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 of this dividend was Wednesday, October 9th. Mastercard’s payout ratio is 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.