RB Capital Management LLC Raises Position in Mastercard Incorporated (NYSE:MA)

RB Capital Management LLC increased its holdings in Mastercard Incorporated (NYSE:MA) by 3.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,357 shares of the credit services provider’s stock after acquiring an additional 290 shares during the quarter. Mastercard makes up 1.1% of RB Capital Management LLC’s portfolio, making the stock its 24th biggest position. RB Capital Management LLC’s holdings in Mastercard were worth $4,621,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MA. Highline Wealth Partners LLC acquired a new position in shares of Mastercard in the third quarter worth about $25,000. Strategic Investment Solutions Inc. IL acquired a new stake in Mastercard during the second quarter valued at approximately $34,000. Fairway Wealth LLC acquired a new stake in Mastercard during the second quarter valued at approximately $35,000. First Personal Financial Services acquired a new stake in Mastercard during the third quarter valued at approximately $39,000. Finally, Lowe Wealth Advisors LLC raised its stake in Mastercard by 74.0% during 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. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the transaction, the chief marketing officer now directly owns 17,118 shares in the company, valued at $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 is available at the SEC website. Corporate insiders own 0.10% of the company’s stock.

Mastercard Price Performance

MA opened at $522.82 on Tuesday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a 12-month low of $411.60 and a 12-month high of $535.77. The stock has a fifty day moving average of $514.42 and a 200-day moving average of $479.31. The firm has a market capitalization of $479.86 billion, a P/E ratio of 39.55, a PEG ratio of 2.35 and a beta of 1.10.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $7.27 billion. During the same period last year, the company earned $3.39 earnings per share. Mastercard’s quarterly revenue was up 12.8% compared to the same quarter last year. Equities analysts forecast that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were issued 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 yield of 0.50%. Mastercard’s dividend payout ratio (DPR) is currently 19.97%.

Analysts Set New Price Targets

MA has been the topic of several research reports. JPMorgan Chase & Co. cut their price objective on 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 increased their price target on Mastercard from $544.00 to $564.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Barclays increased their price objective on Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Mizuho increased their price objective on Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Oppenheimer initiated coverage on Mastercard in a report on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $559.28.

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.