Mastercard Incorporated (NYSE:MA) Shares Sold by Brown Shipley& Co Ltd

Brown Shipley& Co Ltd lowered its holdings in Mastercard Incorporated (NYSE:MA) by 12.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 826 shares of the credit services provider’s stock after selling 116 shares during the quarter. Brown Shipley& Co Ltd’s holdings in Mastercard were worth $408,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of MA. Highline Wealth Partners LLC purchased a new stake in Mastercard in the 3rd quarter valued at about $25,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Mastercard during the second quarter valued at about $34,000. Fairway Wealth LLC purchased a new stake in shares of Mastercard in the 2nd quarter valued at approximately $35,000. First Personal Financial Services acquired a new position in shares of Mastercard in the 3rd quarter worth approximately $39,000. Finally, Lowe Wealth Advisors LLC lifted its holdings in shares of Mastercard by 74.0% in 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 during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Trading Up 0.7 %

MA opened at $532.19 on Thursday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. Mastercard Incorporated has a one year low of $404.32 and a one year high of $534.03. The company has a market cap of $488.46 billion, a P/E ratio of 40.26, a PEG ratio of 2.34 and a beta of 1.10. The business’s 50-day simple moving average is $508.78 and its 200-day simple moving average is $475.23.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. During the same period in the prior year, the firm posted $3.39 earnings per share. The firm’s revenue was up 12.8% on a year-over-year basis. As a group, equities research analysts expect that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were paid a dividend of $0.66 per share. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.50%. Mastercard’s dividend payout ratio is currently 19.97%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. KeyCorp lifted their target price on shares of Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a report on Friday, November 1st. TD Cowen lifted their price objective on Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research note on Friday, November 15th. BMO Capital Markets increased their target price on Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Robert W. Baird lifted their target price on Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, Bank of America boosted their price target on shares of Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 17th. Four investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $549.16.

Insider Activity at Mastercard

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief marketing officer now owns 15,031 shares in the company, valued at $7,363,085.66. This trade represents a 23.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.10% of the stock is owned by corporate insiders.

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.