ROI Financial Advisors LLC Has $5.26 Million Stake in Mastercard Incorporated (NYSE:MA)

ROI Financial Advisors LLC boosted its stake in Mastercard Incorporated (NYSE:MA) by 5.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 10,651 shares of the credit services provider’s stock after purchasing an additional 536 shares during the period. Mastercard accounts for 3.6% of ROI Financial Advisors LLC’s holdings, making the stock its 10th biggest holding. ROI Financial Advisors LLC’s holdings in Mastercard were worth $5,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. increased its position in shares of Mastercard by 46.4% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 14,785 shares of the credit services provider’s stock valued at $7,120,000 after purchasing an additional 4,685 shares during the period. Brighton Jones LLC raised its position in Mastercard by 13.7% in the first quarter. Brighton Jones LLC now owns 6,394 shares of the credit services provider’s stock worth $3,079,000 after acquiring an additional 768 shares in the last quarter. Great Lakes Retirement Inc. lifted its holdings in Mastercard by 1.3% in the 1st quarter. Great Lakes Retirement Inc. now owns 4,982 shares of the credit services provider’s stock valued at $2,399,000 after acquiring an additional 63 shares during the last quarter. Banco BTG Pactual S.A. bought a new position in shares of Mastercard during the 1st quarter valued at about $757,000. Finally, Nwam LLC grew its stake in shares of Mastercard by 20.1% in the 1st quarter. Nwam LLC now owns 1,659 shares of the credit services provider’s stock worth $760,000 after purchasing an additional 278 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, major shareholder Foundation Mastercard sold 109,000 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the completion of the transaction, the insider now owns 91,924,308 shares of the company’s stock, valued at approximately $42,970,017,774.60. This represents a 0.00 % 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. In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 109,000 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the completion of the sale, the insider now directly owns 91,924,308 shares in the company, valued at approximately $42,970,017,774.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 327,370 shares of company stock valued at $153,495,958. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

MA has been the subject of a number of research reports. Citigroup raised their target price on shares of Mastercard from $566.00 to $572.00 and gave the stock a “buy” rating in a report on Monday, November 4th. JPMorgan Chase & Co. decreased their target price on Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price objective on Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Bank of America lifted 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. Finally, William Blair upgraded shares of Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and a consensus price target of $540.17.

Mastercard Stock Down 1.4 %

MA stock opened at $521.50 on Thursday. The stock has a market capitalization of $478.65 billion, a price-to-earnings ratio of 39.45, a price-to-earnings-growth ratio of 2.32 and a beta of 1.10. The company has a 50-day moving average of $501.55 and a two-hundred day moving average of $469.88. Mastercard Incorporated has a 52-week low of $394.76 and a 52-week high of $534.03. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.16. The firm had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.39 EPS. As a group, equities research analysts anticipate that Mastercard Incorporated will post 14.45 EPS for the current year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders 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 annualized dividend and a dividend yield of 0.51%. Mastercard’s payout ratio is 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.