Natixis Advisors LLC Increases Stock Holdings in Mastercard Incorporated (NYSE:MA)

Natixis Advisors LLC boosted its holdings in Mastercard Incorporated (NYSE:MA) by 11.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 567,129 shares of the credit services provider’s stock after buying an additional 56,480 shares during the period. Mastercard accounts for approximately 0.5% of Natixis Advisors LLC’s holdings, making the stock its 28th largest holding. Natixis Advisors LLC owned approximately 0.06% of Mastercard worth $280,048,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of MA. Sarasin & Partners LLP grew its stake in Mastercard by 4.7% during the third quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider’s stock worth $410,813,000 after buying an additional 37,486 shares during the period. Principal Financial Group Inc. lifted its position in shares of Mastercard by 4.8% during the third quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider’s stock worth $1,497,160,000 after purchasing an additional 138,842 shares in the last quarter. Coppell Advisory Solutions Corp. purchased a new stake in Mastercard during the 1st quarter worth $608,000. SteelPeak Wealth LLC lifted its stake in shares of Mastercard by 48.6% in the second quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock worth $2,174,000 after acquiring an additional 1,612 shares in the last quarter. Finally, OMC Financial Services LTD acquired a new stake in Mastercard during the 1st quarter valued at approximately $17,854,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MA shares. Citigroup boosted their target price 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. Mizuho upped their price objective on Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $572.00 target price on shares of Mastercard in a report on Thursday. KeyCorp boosted their price target on Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Finally, Robert W. Baird lifted their price objective on shares of Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $549.16.

Insider Activity

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on 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 sale, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at $7,363,085.66. This trade represents a 23.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Foundation Mastercard sold 90,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the completion of the transaction, the insider now directly owns 91,649,308 shares in the company, valued at $42,965,195,590.40. This trade represents a 0.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 208,370 shares of company stock worth $97,749,218 over the last quarter. Corporate insiders own 0.10% of the company’s stock.

Mastercard Price Performance

NYSE:MA opened at $521.89 on Friday. Mastercard Incorporated has a 52-week low of $395.55 and a 52-week high of $534.03. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. The firm has a market cap of $479.01 billion, a P/E ratio of 39.48, a PEG ratio of 2.28 and a beta of 1.10. The business’s 50-day moving average price is $504.09 and its 200 day moving average price is $471.04.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. The company 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 company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.39 EPS. As a group, sell-side analysts predict that Mastercard Incorporated will post 14.45 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.51%. The ex-dividend date was Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is currently 19.97%.

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.