Mastercard Incorporated (NYSE:MA) Shares Bought by Silicon Valley Capital Partners

04 Nov 2024, 11:18 by Amy Steele · The Cerbat Gem

Silicon Valley Capital Partners raised its stake in Mastercard Incorporated (NYSE:MA – Free Report) by 42.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,692 shares of the credit services provider’s stock after buying an additional 502 shares during the quarter. Silicon Valley Capital Partners’ holdings in Mastercard were worth $836,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in MA. Goldstein Advisors LLC grew its stake in Mastercard by 1.3% during the 3rd quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock valued at $749,000 after purchasing an additional 20 shares in the last quarter. McLean Asset Management Corp raised its position in shares of Mastercard by 1.3% in the 3rd quarter. McLean Asset Management Corp now owns 1,677 shares of the credit services provider’s stock valued at $834,000 after purchasing an additional 21 shares in the last quarter. Oldfather Financial Services LLC boosted its stake in shares of Mastercard by 2.6% during the 3rd quarter. Oldfather Financial Services LLC now owns 827 shares of the credit services provider’s stock valued at $408,000 after buying an additional 21 shares during the last quarter. Quilter Plc raised its holdings in Mastercard by 2.8% in the second quarter. Quilter Plc now owns 801 shares of the credit services provider’s stock valued at $353,000 after acquiring an additional 22 shares in the last quarter. Finally, Cornerstone Wealth Management LLC boosted its stake in Mastercard by 0.5% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 4,351 shares of the credit services provider’s stock valued at $2,148,000 after acquiring an additional 22 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Down 0.0 %

Shares of Mastercard stock opened at $507.93 on Monday. Mastercard Incorporated has a 12-month low of $384.20 and a 12-month high of $527.90. The firm has a market capitalization of $469.25 billion, a PE ratio of 38.43, a price-to-earnings-growth ratio of 2.21 and a beta of 1.10. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. The stock’s fifty day moving average is $495.77 and its 200-day moving average is $466.94.

Mastercard (NYSE:MA – Get Free Report) last issued 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 business had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. During the same quarter in the prior year, the firm earned $3.39 EPS. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. Equities analysts anticipate that Mastercard Incorporated will post 14.35 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Wednesday, October 9th. Mastercard’s dividend payout ratio is currently 19.97%.

Insider Activity at Mastercard

In related news, 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 transaction 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 approximately $8,440,885.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the transaction, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 90,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the completion of the sale, the insider now directly owns 91,649,308 shares of the company’s stock, valued at $42,965,195,590.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 327,370 shares of company stock valued at $153,495,958. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

MA has been the topic of a number of research analyst reports. Compass Point initiated coverage on Mastercard in a report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 target price on the stock. JPMorgan Chase & Co. lowered their target price on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a research note on Friday. Mizuho increased their price objective on shares of Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a research note on Friday. KeyCorp lifted their target price on Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Royal Bank of Canada increased their price target on Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Four analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus target price of $537.92.

View Our Latest Report on MA

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.