Banque Cantonale Vaudoise Acquires 5,395 Shares of Mastercard Incorporated (NYSE:MA)

Banque Cantonale Vaudoise raised its holdings in shares of Mastercard Incorporated (NYSE:MA) by 13.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,133 shares of the credit services provider’s stock after acquiring an additional 5,395 shares during the quarter. Mastercard makes up about 0.9% of Banque Cantonale Vaudoise’s investment portfolio, making the stock its 13th biggest position. Banque Cantonale Vaudoise’s holdings in Mastercard were worth $21,793,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Highline Wealth Partners LLC bought a new stake in shares of Mastercard in the third quarter worth about $25,000. Strategic Investment Solutions Inc. IL purchased a new position in Mastercard in the second quarter worth about $34,000. First Personal Financial Services purchased a new position in Mastercard in the third quarter worth about $39,000. Fairway Wealth LLC purchased a new position in Mastercard in the second quarter worth about $35,000. Finally, Lowe Wealth Advisors LLC grew its position in Mastercard by 74.0% in the third 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 owned by institutional investors.

Wall Street Analyst Weigh In

MA has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft lifted their price target on Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. KeyCorp lifted their price target on Mastercard from $515.00 to $580.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. UBS Group lifted their price target on Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Argus upgraded Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. Finally, BNP Paribas lowered Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price for the company. in a research report on Tuesday, September 3rd. Four investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and an average target price of $549.16.

Mastercard Stock Performance

Shares of NYSE:MA opened at $521.63 on Tuesday. The company has a market capitalization of $478.77 billion, a price-to-earnings ratio of 39.46, a price-to-earnings-growth ratio of 2.32 and a beta of 1.10. Mastercard Incorporated has a 52 week low of $398.26 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 50 day moving average of $504.78 and a 200 day moving average of $471.95.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping 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 net margin of 45.26% and a return on equity of 178.27%. Mastercard’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.39 earnings per share. On average, sell-side analysts predict that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date was Wednesday, October 9th. Mastercard’s payout ratio is presently 19.97%.

Insider Transactions at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s 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 sale, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at $7,363,085.66. The trade was a 23.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 90,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the sale, 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. Over the last three months, insiders have sold 99,370 shares of company stock valued at $46,797,168. Corporate insiders own 0.10% of the company’s stock.

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.