Fiduciary Trust Co Acquires 5,667 Shares of Mastercard Incorporated (NYSE:MA)

Fiduciary Trust Co increased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 12.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 50,068 shares of the credit services provider’s stock after purchasing an additional 5,667 shares during the period. Fiduciary Trust Co’s holdings in Mastercard were worth $24,724,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its stake in shares of Mastercard by 120,665.3% in the third quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock worth $3,971,020,000 after acquiring an additional 8,035,099 shares during the last quarter. Bank of Montreal Can grew its position in Mastercard by 51.7% in the 3rd quarter. Bank of Montreal Can now owns 5,765,714 shares of the credit services provider’s stock worth $2,846,187,000 after purchasing an additional 1,965,782 shares during the last quarter. PineStone Asset Management Inc. grew its position in Mastercard by 145.6% during the second quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock worth $784,148,000 after buying an additional 1,053,616 shares in the last quarter. FMR LLC raised its holdings in Mastercard by 3.4% in the 3rd quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock valued at $10,545,139,000 after acquiring an additional 700,769 shares in the last quarter. Finally, Manning & Napier Advisors LLC bought a new stake in shares of Mastercard in the 2nd quarter worth approximately $259,071,000. Institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

MA has been the topic of a number of research reports. Mizuho boosted their price objective on Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Citigroup boosted their price target on shares of Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Barclays increased their price target on shares of Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Finally, KeyCorp lifted their price objective on Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Mastercard has an average rating of “Moderate Buy” and an average price target of $549.16.

Mastercard Stock Up 0.7 %

NYSE:MA opened at $532.19 on Thursday. The company has a market cap of $488.46 billion, a price-to-earnings ratio of 40.26, a P/E/G ratio of 2.34 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. The stock’s fifty day moving average price is $508.78 and its two-hundred day moving average price is $475.23. Mastercard Incorporated has a 52-week low of $404.32 and a 52-week high of $534.03.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.73 by $0.16. The firm had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the business posted $3.39 EPS. On average, analysts anticipate that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard Announces Dividend

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

Insiders Place Their Bets

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the transaction, the chief marketing officer now owns 15,031 shares in the company, valued at approximately $7,363,085.66. This trade represents a 23.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.10% of the company’s stock.

Mastercard Company 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.