Mastercard Incorporated (NYSE:MA) Shares Sold by Cadence Bank

Cadence Bank lowered its holdings in Mastercard Incorporated (NYSE:MA) by 1.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 11,644 shares of the credit services provider’s stock after selling 200 shares during the quarter. Cadence Bank’s holdings in Mastercard were worth $5,750,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. China Universal Asset Management Co. Ltd. raised its position in Mastercard by 46.4% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 14,785 shares of the credit services provider’s stock valued at $7,120,000 after purchasing an additional 4,685 shares during the last quarter. Quadrature Capital Ltd acquired a new position in Mastercard in the 1st quarter valued at about $391,000. Coppell Advisory Solutions Corp. purchased a new stake in Mastercard during the 1st quarter valued at approximately $608,000. XML Financial LLC lifted its position in Mastercard by 5.5% during the 1st quarter. XML Financial LLC now owns 693 shares of the credit services provider’s stock worth $334,000 after acquiring an additional 36 shares during the period. Finally, Advisory Resource Group grew its stake in shares of Mastercard by 2.6% in the 1st quarter. Advisory Resource Group now owns 2,069 shares of the credit services provider’s stock valued at $996,000 after purchasing an additional 53 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Transactions at Mastercard

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 shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the completion of the sale, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This trade represents a 21.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Mastercard Trading Up 0.4 %

NYSE:MA opened at $528.48 on Wednesday. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. Mastercard Incorporated has a 12 month low of $404.32 and a 12 month high of $534.03. The firm has a market capitalization of $485.05 billion, a PE ratio of 39.98, a price-to-earnings-growth ratio of 2.34 and a beta of 1.10. The business’s 50-day moving average is $508.03 and its two-hundred day moving average is $474.83.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. The company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the firm posted $3.39 earnings per share. Research analysts predict that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were paid a dividend of $0.66 per share. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.50%. Mastercard’s dividend payout ratio is presently 19.97%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Citigroup increased their price target on Mastercard from $566.00 to $572.00 and gave the stock a “buy” rating in a report on Monday, November 4th. JPMorgan Chase & Co. dropped their price target on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Morgan Stanley raised their price objective on shares of Mastercard from $544.00 to $564.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Royal Bank of Canada reissued an “outperform” rating and set a $572.00 target price on shares of Mastercard in a research note on Thursday, November 14th. Finally, Bank of America upped their price objective on Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Four research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $549.16.

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.