Mastercard Incorporated (NYSE:MA) Shares Acquired by Braun Bostich & Associates Inc.

Braun Bostich & Associates Inc. grew its position in Mastercard Incorporated (NYSE:MA) by 20.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 867 shares of the credit services provider’s stock after acquiring an additional 146 shares during the period. Braun Bostich & Associates Inc.’s holdings in Mastercard were worth $428,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Acorn Creek Capital LLC raised its position in shares of Mastercard by 7.5% in the third quarter. Acorn Creek Capital LLC now owns 560 shares of the credit services provider’s stock worth $277,000 after acquiring an additional 39 shares during the period. EdgeRock Capital LLC raised its position in shares of Mastercard by 4.7% in the third quarter. EdgeRock Capital LLC now owns 984 shares of the credit services provider’s stock worth $486,000 after acquiring an additional 44 shares during the period. ERn Financial LLC acquired a new position in shares of Mastercard in the third quarter worth about $226,000. Brady Family Wealth LLC raised its position in shares of Mastercard by 3.2% during the 3rd quarter. Brady Family Wealth LLC now owns 1,605 shares of the credit services provider’s stock worth $793,000 after purchasing an additional 50 shares during the last quarter. Finally, Foster Victor Wealth Advisors LLC raised its position in shares of Mastercard by 2.8% during the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 46,770 shares of the credit services provider’s stock worth $23,382,000 after purchasing an additional 1,274 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MA. Compass Point began coverage on shares of Mastercard in a research report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price target for the company. Barclays upped their price target on shares of Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Bank of America upped 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. Piper Sandler upped their price target on shares of Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, BNP Paribas cut shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective for the company. in a research note on Tuesday, September 3rd. Four analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $523.27.

Mastercard Price Performance

Shares of MA opened at $507.23 on Wednesday. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $509.88. The firm’s fifty day simple moving average is $483.26 and its 200-day simple moving average is $463.24. The firm has a market capitalization of $471.53 billion, a price-to-earnings ratio of 40.32, a PEG ratio of 2.22 and a beta of 1.10. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, topping the consensus estimate of $3.51 by $0.08. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The firm had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.85 billion. Equities analysts forecast that Mastercard Incorporated will post 14.3 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be paid a dividend of $0.66 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.52%. Mastercard’s dividend payout ratio is currently 20.99%.

Insiders Place Their Bets

In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 119,000 shares of Mastercard stock in a transaction dated 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 sale, the insider now directly owns 92,033,308 shares in the company, valued at approximately $43,113,923,465.68. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 340,809 shares of company stock valued at $159,610,703. Insiders own 0.10% of the company’s stock.

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.