Dash Acquisitions Inc. Purchases 2,877 Shares of Mastercard Incorporated (NYSE:MA)

Dash Acquisitions Inc. grew its position in shares of Mastercard Incorporated (NYSE:MA) by 6.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,632 shares of the credit services provider’s stock after acquiring an additional 2,877 shares during the quarter. Mastercard accounts for 5.4% of Dash Acquisitions Inc.’s holdings, making the stock its 6th biggest position. Dash Acquisitions Inc.’s holdings in Mastercard were worth $22,645,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Highline Wealth Partners LLC bought a new stake in Mastercard during the third quarter worth about $25,000. Palisade Asset Management LLC bought a new stake in shares of Mastercard during the 1st quarter worth approximately $27,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Mastercard in the 2nd quarter valued at approximately $34,000. Fairway Wealth LLC bought a new position in shares of Mastercard in the second quarter valued at $35,000. Finally, Lowe Wealth Advisors LLC grew its stake in shares of Mastercard by 74.0% in the third 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. 97.28% of the stock is owned by institutional investors.

Insider Activity

In related news, 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 transaction of $6,114,745.00. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, 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 transaction of $6,114,745.00. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the completion of the sale, the insider now owns 91,924,308 shares in the company, valued at $42,970,017,774.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 340,809 shares of company stock worth $159,610,703. Insiders own 0.10% of the company’s stock.

Mastercard Stock Up 1.7 %

Shares of NYSE MA opened at $508.23 on Friday. The stock has a market capitalization of $469.52 billion, a P/E ratio of 38.86, a PEG ratio of 2.27 and a beta of 1.10. The stock’s fifty day moving average is $495.77 and its 200 day moving average is $466.84. Mastercard Incorporated has a 52 week low of $378.48 and a 52 week high of $527.90. 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 (NYSE:MA) last released its earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.73 by $0.16. The firm had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period last year, the firm earned $3.39 EPS. Sell-side analysts forecast that Mastercard Incorporated will post 14.33 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Wednesday, October 9th. Mastercard’s dividend payout ratio is presently 20.18%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. TD Cowen increased their price target on shares of Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Royal Bank of Canada lifted their price target on Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. William Blair raised Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. KeyCorp lifted their target price on Mastercard from $515.00 to $580.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, JPMorgan Chase & Co. dropped their price target on Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a research note on Friday. Four analysts have rated the stock with a hold rating, twenty have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and an average target price of $537.92.

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.