Mastercard Incorporated (NYSE:MA) Stock Position Increased by Americana Partners LLC

Americana Partners LLC grew its holdings in shares of Mastercard Incorporated (NYSE:MA) by 29.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,955 shares of the credit services provider’s stock after purchasing an additional 1,360 shares during the period. Americana Partners LLC’s holdings in Mastercard were worth $2,941,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Highline Wealth Partners LLC bought a new position in Mastercard during the third quarter valued at about $25,000. Palisade Asset Management LLC acquired a new position in shares of Mastercard in the 1st quarter worth approximately $27,000. 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 position in Mastercard in the second quarter worth approximately $35,000. Finally, Lowe Wealth Advisors LLC boosted its stake in shares of Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after acquiring an additional 37 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Insider Activity at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction on 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 completion of the sale, the chief marketing officer now directly owns 17,118 shares in the company, valued at approximately $8,440,885.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard 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 sale, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction on Monday, August 5th. The shares were 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 of the company’s stock, valued at $12,423,320. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 340,809 shares of company stock worth $159,610,703 in the last ninety days. 0.10% of the stock is owned by company insiders.

Mastercard Stock Up 1.9 %

Shares of NYSE:MA traded up $9.63 during midday trading on Friday, hitting $509.22. The stock had a trading volume of 1,644,907 shares, compared to its average volume of 2,440,251. The business’s 50-day simple moving average is $494.93 and its 200-day simple moving average is $466.50. Mastercard Incorporated has a 12 month low of $378.48 and a 12 month high of $527.90. The company has a market cap of $470.44 billion, a P/E ratio of 38.71, a PEG ratio of 2.27 and a beta of 1.10. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping the consensus estimate of $3.73 by $0.16. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The company had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. During the same period in the previous year, the company posted $3.39 EPS. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. On average, sell-side analysts forecast that Mastercard Incorporated will post 14.33 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be paid a dividend of $0.66 per share. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.52%. Mastercard’s dividend payout ratio (DPR) is currently 20.18%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MA. William Blair upgraded Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Compass Point initiated coverage on shares of Mastercard in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 target price on the stock. BNP Paribas lowered shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective for the company. in a research note on Tuesday, September 3rd. Royal Bank of Canada raised their target price on Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Finally, Susquehanna raised their price target on shares of Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a report on Friday. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus target price of $532.32.

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.