Mastercard Incorporated (NYSE:MA) Shares Bought by Nvest Financial LLC

by · The Markets Daily

Nvest Financial LLC grew its stake in Mastercard Incorporated (NYSE:MA – Free Report) by 22.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,188 shares of the credit services provider’s stock after purchasing an additional 219 shares during the period. Nvest Financial LLC’s holdings in Mastercard were worth $586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Westend Capital Management LLC acquired a new position in shares of Mastercard in the 1st quarter valued at $27,000. Palisade Asset Management LLC purchased a new position in Mastercard during the first quarter worth about $27,000. Scarborough Advisors LLC acquired a new stake in shares of Mastercard during the fourth quarter valued at about $28,000. Beaird Harris Wealth Management LLC purchased a new stake in shares of Mastercard in the 4th quarter valued at approximately $30,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Mastercard in the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of MA stock traded up $3.14 during mid-day trading on Friday, hitting $501.16. The stock had a trading volume of 873,538 shares, compared to its average volume of 2,434,597. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $501.80. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. The company’s 50-day simple moving average is $479.97 and its 200-day simple moving average is $462.90. The firm has a market cap of $462.99 billion, a PE ratio of 38.20, a PEG ratio of 2.22 and a beta of 1.10.

Mastercard (NYSE:MA – Get Free Report) last released its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $3.51 by $0.08. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The company had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.85 billion. Sell-side analysts anticipate that Mastercard Incorporated will post 14.3 earnings per share for the current year.

Mastercard Announces Dividend

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 given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio is currently 20.18%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MA shares. BMO Capital Markets reissued an “outperform” rating and set a $520.00 target price on shares of Mastercard in a research note on Wednesday, August 14th. Royal Bank of Canada raised 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. Barclays upped their target price on shares of Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research note on Thursday. Piper Sandler raised their price target on shares of Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. upped their price objective on Mastercard from $500.00 to $570.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Five analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus price target of $518.96.

Read Our Latest Stock Analysis on MA

Insider Transactions at Mastercard

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard 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 completion of the transaction, the chief marketing officer now directly owns 15,031 shares in the company, valued at $7,363,085.66. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the transaction, the chief marketing officer now directly owns 15,031 shares in the company, valued at approximately $7,363,085.66. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 119,000 shares of Mastercard stock in a transaction dated 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 sale, the insider now owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 340,809 shares of company stock valued at $159,610,703 in the last 90 days. 0.10% of the stock is currently owned by insiders.

Mastercard Profile

(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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