Cladis Investment Advisory LLC Invests $226,000 in Mastercard Incorporated (NYSE:MA)

Cladis Investment Advisory LLC purchased a new stake in Mastercard Incorporated (NYSE:MA) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 458 shares of the credit services provider’s stock, valued at approximately $226,000.

Several other institutional investors also recently bought and sold shares of MA. Fragasso Financial Advisors Inc boosted its position in Mastercard by 5.9% during the second quarter. Fragasso Financial Advisors Inc now owns 1,374 shares of the credit services provider’s stock worth $606,000 after acquiring an additional 77 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Mastercard by 0.3% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 17,834 shares of the credit services provider’s stock worth $7,868,000 after purchasing an additional 46 shares during the last quarter. Value Partners Investments Inc. grew its position in shares of Mastercard by 84.1% in the second quarter. Value Partners Investments Inc. now owns 7,633 shares of the credit services provider’s stock valued at $3,367,000 after purchasing an additional 3,486 shares in the last quarter. Olistico Wealth LLC acquired a new stake in shares of Mastercard in the second quarter valued at approximately $176,000. Finally, Kingswood Wealth Advisors LLC lifted its position in Mastercard by 5.9% during the second quarter. Kingswood Wealth Advisors LLC now owns 9,036 shares of the credit services provider’s stock worth $3,986,000 after buying an additional 503 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MA has been the subject of a number of analyst reports. BMO Capital Markets upped their price objective on shares of Mastercard from $550.00 to $565.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. UBS Group boosted their price objective on shares of Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Compass Point began coverage on shares of Mastercard in a research note on Wednesday, September 4th. They set a “neutral” rating and a $525.00 target price for the company. Oppenheimer started coverage on shares of Mastercard in a research report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 price target for the company. Finally, Citigroup increased their price objective on shares of Mastercard from $566.00 to $572.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and a consensus price target of $549.16.

Insider Activity

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction dated 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 sale, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. The trade was a 23.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

Mastercard Stock Up 0.1 %

Mastercard stock opened at $532.94 on Monday. The stock has a market cap of $489.15 billion, a PE ratio of 40.31, a P/E/G ratio of 2.37 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. The stock’s fifty day moving average is $510.37 and its two-hundred day moving average is $476.43. Mastercard Incorporated has a 1-year low of $404.32 and a 1-year high of $535.77.

Mastercard (NYSE:MA) last issued its earnings results 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 business had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The business’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the company earned $3.39 EPS. On average, sell-side analysts expect that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were given a dividend of $0.66 per share. The ex-dividend date 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%.

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.