Beaumont Asset Management L.L.C. purchased a new position in shares of Mastercard Incorporated (NYSE:MA – Get Rating) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,210 shares of the credit services provider’s stock, valued at approximately $344,000.
A number of other hedge funds also recently modified their holdings of MA. Coston McIsaac & Partners bought a new position in shares of Mastercard during the second quarter worth about $25,000. Schubert & Co grew its holdings in shares of Mastercard by 91.8% during the second quarter. Schubert & Co now owns 94 shares of the credit services provider’s stock worth $30,000 after buying an additional 45 shares in the last quarter. Grayhawk Investment Strategies Inc. bought a new position in shares of Mastercard during the second quarter worth about $31,000. Urban Wealth Management LLC bought a new position in shares of Mastercard during the second quarter worth about $35,000. Finally, Bangor Savings Bank grew its holdings in shares of Mastercard by 163.5% during the third quarter. Bangor Savings Bank now owns 137 shares of the credit services provider’s stock worth $39,000 after buying an additional 85 shares in the last quarter. Institutional investors and hedge funds own 74.51% of the company’s stock.
Insider Buying and Selling at Mastercard
In other Mastercard news, insider Linda Pistecchia Kirkpatrick sold 7,064 shares of Mastercard stock in a transaction on Friday, October 28th. The stock was sold at an average price of $320.00, for a total value of $2,260,480.00. Following the completion of the transaction, the insider now directly owns 11,207 shares of the company’s stock, valued at approximately $3,586,240. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Mastercard news, insider Linda Pistecchia Kirkpatrick sold 7,064 shares of Mastercard stock in a transaction on Friday, October 28th. The stock was sold at an average price of $320.00, for a total value of $2,260,480.00. Following the completion of the transaction, the insider now directly owns 11,207 shares of the company’s stock, valued at approximately $3,586,240. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Craig Vosburg sold 6,333 shares of Mastercard stock in a transaction on Thursday, January 12th. The shares were sold at an average price of $380.05, for a total value of $2,406,856.65. Following the completion of the transaction, the insider now owns 41,314 shares in the company, valued at approximately $15,701,385.70. The disclosure for this sale can be found here. Insiders sold 367,819 shares of company stock valued at $117,733,271 in the last three months. Corporate insiders own 0.29% of the company’s stock.
Mastercard Stock Performance
NYSE:MA traded down $4.87 during mid-day trading on Friday, hitting $374.94. 72,667 shares of the stock were exchanged, compared to its average volume of 3,337,055. The stock has a market capitalization of $360.49 billion, a price-to-earnings ratio of 37.94, a price-to-earnings-growth ratio of 1.67 and a beta of 1.10. The firm’s 50-day simple moving average is $347.92 and its 200 day simple moving average is $332.22. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.25 and a current ratio of 1.25. Mastercard Incorporated has a fifty-two week low of $276.87 and a fifty-two week high of $399.92.
Mastercard (NYSE:MA – Get Rating) last released its quarterly earnings results on Thursday, October 27th. The credit services provider reported $2.68 earnings per share for the quarter, topping the consensus estimate of $2.57 by $0.11. The business had revenue of $5.76 billion during the quarter, compared to analysts’ expectations of $5.66 billion. Mastercard had a return on equity of 148.94% and a net margin of 45.22%. As a group, equities analysts anticipate that Mastercard Incorporated will post 10.58 EPS for the current fiscal year.
Mastercard Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 9th. Shareholders of record on Monday, January 9th will be issued a $0.57 dividend. The ex-dividend date is Friday, January 6th. This is a boost from Mastercard’s previous quarterly dividend of $0.49. This represents a $2.28 annualized dividend and a yield of 0.61%. Mastercard’s payout ratio is currently 22.78%.
Analyst Upgrades and Downgrades
MA has been the subject of a number of research reports. Morgan Stanley decreased their price objective on Mastercard from $441.00 to $437.00 and set an “overweight” rating for the company in a report on Friday, October 28th. Deutsche Bank Aktiengesellschaft decreased their price target on Mastercard from $440.00 to $375.00 and set a “buy” rating for the company in a research note on Thursday, October 13th. Truist Financial decreased their price target on Mastercard from $440.00 to $400.00 and set a “buy” rating for the company in a research note on Thursday, October 13th. Wolfe Research raised their price target on Mastercard from $395.00 to $415.00 in a research note on Thursday, January 5th. Finally, UBS Group decreased their price target on Mastercard from $456.00 to $441.00 and set a “buy” rating for the company in a research note on Thursday, December 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $400.23.
About Mastercard
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.