Mastercard Incorporated (NYSE:MA) Shares Acquired by Lyell Wealth Management LP

by · The Markets Daily

Lyell Wealth Management LP increased its stake in shares of Mastercard Incorporated (NYSE:MA – Free Report) by 9.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,063 shares of the credit services provider’s stock after purchasing an additional 1,314 shares during the quarter. Lyell Wealth Management LP’s holdings in Mastercard were worth $7,438,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Mayfair Advisory Group LLC raised its holdings in Mastercard by 18.7% in the 3rd quarter. Mayfair Advisory Group LLC now owns 750 shares of the credit services provider’s stock valued at $373,000 after acquiring an additional 118 shares during the last quarter. Convergence Financial LLC boosted its holdings in shares of Mastercard by 15.8% during the third quarter. Convergence Financial LLC now owns 1,112 shares of the credit services provider’s stock worth $549,000 after purchasing an additional 152 shares during the last quarter. Elwood & Goetz Wealth Advisory Group LLC grew its position in shares of Mastercard by 7.7% in the third quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 519 shares of the credit services provider’s stock valued at $256,000 after purchasing an additional 37 shares during the period. Joel Isaacson & Co. LLC increased its stake in Mastercard by 2.4% in the third quarter. Joel Isaacson & Co. LLC now owns 1,496 shares of the credit services provider’s stock valued at $739,000 after purchasing an additional 35 shares during the last quarter. Finally, Tarbox Family Office Inc. lifted its position in Mastercard by 23.6% during the third quarter. Tarbox Family Office Inc. now owns 1,705 shares of the credit services provider’s stock worth $842,000 after buying an additional 325 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Foundation Mastercard sold 119,000 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the completion of the sale, the insider now owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Foundation Mastercard sold 119,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the completion of the transaction, the insider now owns 92,033,308 shares in the company, valued at $43,113,923,465.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the sale, the chief marketing officer now directly owns 17,118 shares in the company, valued at $8,440,885.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 340,809 shares of company stock valued at $159,610,703 over the last 90 days. 0.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Robert W. Baird lifted their price target on Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. BMO Capital Markets reaffirmed an “outperform” rating and set a $520.00 price target on shares of Mastercard in a research report on Wednesday, August 14th. Barclays increased their price target on shares of Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Royal Bank of Canada boosted their price objective on shares of Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Finally, Argus raised Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and an average price target of $525.68.

View Our Latest Stock Analysis on Mastercard

Mastercard Price Performance

Shares of NYSE MA opened at $507.36 on Friday. The business has a 50 day moving average price of $491.84 and a two-hundred day moving average price of $465.44. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $518.82. The firm has a market cap of $471.65 billion, a PE ratio of 40.33, a price-to-earnings-growth ratio of 2.27 and a beta of 1.10. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95.

Mastercard (NYSE:MA – Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $3.51 by $0.08. The business had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.85 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. Sell-side analysts expect that Mastercard Incorporated will post 14.32 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.52%. Mastercard’s dividend payout ratio (DPR) is 20.99%.

About Mastercard

(Free Report)

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.

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