Martin Capital Advisors LLP Has $4.71 Million Stake in Mastercard Incorporated (NYSE:MA)

Martin Capital Advisors LLP grew its position in Mastercard Incorporated (NYSE:MA) by 0.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,528 shares of the credit services provider’s stock after purchasing an additional 36 shares during the quarter. Mastercard makes up approximately 3.4% of Martin Capital Advisors LLP’s portfolio, making the stock its 6th largest holding. Martin Capital Advisors LLP’s holdings in Mastercard were worth $4,705,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Armstrong Advisory Group Inc. lifted its position in shares of Mastercard by 9.4% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 372 shares of the credit services provider’s stock worth $184,000 after purchasing an additional 32 shares during the last quarter. Wagner Wealth Management LLC increased its position in Mastercard by 4.4% in the 3rd quarter. Wagner Wealth Management LLC now owns 765 shares of the credit services provider’s stock worth $378,000 after buying an additional 32 shares during the period. Sunflower Bank N.A. lifted its holdings in shares of Mastercard by 4.3% during the third quarter. Sunflower Bank N.A. now owns 1,652 shares of the credit services provider’s stock worth $816,000 after buying an additional 68 shares during the last quarter. Sawyer & Company Inc boosted its position in shares of Mastercard by 1.7% in the third quarter. Sawyer & Company Inc now owns 6,938 shares of the credit services provider’s stock valued at $3,426,000 after acquiring an additional 116 shares during the period. Finally, Webster Bank N. A. grew its stake in shares of Mastercard by 3.6% in the third quarter. Webster Bank N. A. now owns 1,718 shares of the credit services provider’s stock worth $848,000 after acquiring an additional 60 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Mastercard 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 transaction 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 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of the sale, the chief financial officer now owns 27,304 shares in the company, valued at approximately $12,423,320. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 value 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 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 340,809 shares of company stock valued at $159,610,703. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on MA. Piper Sandler increased their price target on shares of Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. lifted their target price on Mastercard from $500.00 to $570.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Royal Bank of Canada upped their price target on Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Susquehanna lifted their price objective on Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a report on Thursday, August 1st. Finally, Bank of America upped their target price on Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. Four equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $523.27.

Mastercard Stock Performance

Shares of NYSE:MA opened at $502.26 on Monday. The business has a fifty day moving average of $480.78 and a 200-day moving average of $462.88. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $502.92. The firm has a market cap of $466.91 billion, a PE ratio of 39.93, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10.

Mastercard (NYSE:MA) last announced its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $3.51 by $0.08. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The company had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.85 billion. On average, equities research analysts predict that Mastercard Incorporated will post 14.3 EPS for the current fiscal year.

Mastercard Announces Dividend

The company 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 $0.66 dividend. 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 0.53%. Mastercard’s payout ratio is 20.99%.

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.