Eagle Strategies LLC Has $263,000 Stock Holdings in Mastercard Incorporated (NYSE:MA)

Eagle Strategies LLC grew its position in Mastercard Incorporated (NYSE:MA) by 4.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 533 shares of the credit services provider’s stock after buying an additional 23 shares during the period. Eagle Strategies LLC’s holdings in Mastercard were worth $263,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Palisade Asset Management LLC acquired a new position in shares of Mastercard in the first quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL bought a new stake in Mastercard in the 2nd quarter valued at $34,000. Fairway Wealth LLC acquired a new position in Mastercard in the 2nd quarter worth $35,000. Lowe Wealth Advisors LLC increased its holdings in Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 37 shares in the last quarter. Finally, VitalStone Financial LLC increased its holdings in Mastercard by 55.0% during the 1st quarter. VitalStone Financial LLC now owns 93 shares of the credit services provider’s stock worth $45,000 after purchasing an additional 33 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Trading Up 1.5 %

Shares of NYSE:MA opened at $513.96 on Thursday. Mastercard Incorporated has a 12-month low of $373.11 and a 12-month high of $518.82. The business has a 50 day moving average of $494.33 and a 200-day moving average of $466.27. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. The stock has a market cap of $474.81 billion, a PE ratio of 39.29, a P/E/G ratio of 2.27 and a beta of 1.10.

Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) 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%. As a group, equities research analysts forecast that Mastercard Incorporated will post 14.32 earnings per share for the current year.

Mastercard Announces Dividend

The firm 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 $0.66 dividend. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.51%. Mastercard’s dividend payout ratio (DPR) is presently 20.18%.

Analysts Set New Price Targets

MA has been the subject of several recent research reports. KeyCorp upped their price objective on Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Susquehanna lifted their price objective on shares of Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a report on Thursday, August 1st. BNP Paribas downgraded shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price for the company. in a research report on Tuesday, September 3rd. Piper Sandler lifted their price target on shares of Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, TD Cowen increased their price objective on shares of Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research note 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 company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $525.68.

Insider Buying and Selling

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction dated 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 sale, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at $7,363,085.66. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on Friday, September 20th. The stock was 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 directly owns 15,031 shares of the company’s stock, valued at $7,363,085.66. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 90,000 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total value 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. 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 three months, insiders have sold 340,809 shares of company stock valued at $159,610,703. 0.10% of the stock is owned by company insiders.

About Mastercard

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.