Mastercard Incorporated (NYSE:MA) Shares Acquired by Maple Capital Management Inc.

Maple Capital Management Inc. lifted its position in Mastercard Incorporated (NYSE:MA) by 2.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,056 shares of the credit services provider’s stock after purchasing an additional 1,685 shares during the period. Mastercard comprises about 2.9% of Maple Capital Management Inc.’s portfolio, making the stock its 13th biggest holding. Maple Capital Management Inc.’s holdings in Mastercard were worth $37,556,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Palisade Asset Management LLC purchased a new position in shares of Mastercard during the 1st quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL purchased a new position in Mastercard during the second quarter valued at $34,000. Fairway Wealth LLC acquired a new stake in shares of Mastercard in the second quarter valued at about $35,000. Lowe Wealth Advisors LLC lifted its stake in Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after buying an additional 37 shares in the last quarter. Finally, Valued Wealth Advisors LLC boosted its holdings in Mastercard by 168.6% in the 1st quarter. Valued Wealth Advisors LLC now owns 94 shares of the credit services provider’s stock worth $45,000 after buying an additional 59 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. William Blair upgraded Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Compass Point started coverage on shares of Mastercard in a research note on Wednesday, September 4th. They set a “neutral” rating and a $525.00 target price on the stock. Barclays increased their target price on shares of Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Susquehanna boosted their price target on shares of Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a research report on Thursday, August 1st. Finally, Bank of America increased their price objective on shares of Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. Four investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and a consensus target price of $525.68.

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other 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 value of $2,310,173.50. Following the completion of the sale, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at $8,440,885.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction on Monday, August 5th. The stock was 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 $12,423,320. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 340,809 shares of company stock worth $159,610,703. Company insiders own 0.10% of the company’s stock.

Mastercard Stock Performance

Shares of MA stock opened at $515.01 on Tuesday. The stock’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 quick ratio of 1.14 and a current ratio of 1.14. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $518.82. The firm has a market cap of $478.76 billion, a price-to-earnings ratio of 40.94, a PEG ratio of 2.22 and a beta of 1.10.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.08. The business had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. Analysts predict that Mastercard Incorporated will post 14.3 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be issued a $0.66 dividend. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.51%. Mastercard’s payout ratio is 20.99%.

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.