Gold Investment Management Ltd. Has $2.55 Million Position in Mastercard Incorporated (NYSE:MA)

Gold Investment Management Ltd. reduced its stake in Mastercard Incorporated (NYSE:MA) by 6.5% in the 3rd quarter, Holdings Channel reports. The firm owned 5,172 shares of the credit services provider’s stock after selling 358 shares during the period. Gold Investment Management Ltd.’s holdings in Mastercard were worth $2,554,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. AIA Group Ltd increased its position in Mastercard by 7.1% in the 3rd quarter. AIA Group Ltd now owns 28,010 shares of the credit services provider’s stock worth $13,831,000 after buying an additional 1,865 shares during the period. Summit Global Investments increased its position in Mastercard by 63.0% in the 3rd quarter. Summit Global Investments now owns 23,227 shares of the credit services provider’s stock worth $11,470,000 after buying an additional 8,974 shares during the period. Lewis Asset Management LLC increased its position in Mastercard by 24.2% in the 3rd quarter. Lewis Asset Management LLC now owns 841 shares of the credit services provider’s stock worth $415,000 after buying an additional 164 shares during the period. Lifestyle Asset Management Inc. increased its position in Mastercard by 2.6% in the 3rd quarter. Lifestyle Asset Management Inc. now owns 2,385 shares of the credit services provider’s stock worth $1,178,000 after buying an additional 61 shares during the period. Finally, TFB Advisors LLC increased its position in Mastercard by 2.3% in the 3rd quarter. TFB Advisors LLC now owns 1,532 shares of the credit services provider’s stock worth $757,000 after buying an additional 35 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MA has been the topic of several recent analyst reports. TD Cowen lifted their price target on Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. William Blair upgraded Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Bank of America boosted their price objective on Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. Susquehanna boosted their price objective on Mastercard from $540.00 to $605.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Finally, Morgan Stanley boosted their price objective on Mastercard from $540.00 to $544.00 and gave the company an “overweight” rating in a research report on Monday. Four equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $540.17.

Mastercard Price Performance

Mastercard stock opened at $519.56 on Friday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. Mastercard Incorporated has a 52 week low of $386.74 and a 52 week high of $527.90. The firm has a market cap of $479.99 billion, a P/E ratio of 39.17, a P/E/G ratio of 2.21 and a beta of 1.10. The business’s fifty day moving average is $498.11 and its two-hundred day moving average is $468.02.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $7.27 billion. During the same quarter in the prior year, the company posted $3.39 earnings per share. The firm’s revenue was up 12.8% on a year-over-year basis. Equities research analysts forecast that Mastercard Incorporated will post 14.45 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.51%. Mastercard’s dividend payout ratio (DPR) is 19.97%.

Insider Buying and Selling

In other Mastercard news, major shareholder Foundation Mastercard sold 119,000 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $468.46, for a total value of $55,746,740.00. Following the completion of the sale, the insider now owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. 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 news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the sale, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 119,000 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the transaction, the insider now directly owns 92,033,308 shares in the company, valued at approximately $43,113,923,465.68. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 327,370 shares of company stock valued at $153,495,958. Company insiders own 0.10% of the company’s stock.

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.