Mastercard Incorporated (NYSE:MA) Holdings Raised by Capital Insight Partners LLC

by · The Cerbat Gem

Capital Insight Partners LLC lifted its stake in Mastercard Incorporated (NYSE:MA – Free Report) by 2.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,500 shares of the credit services provider’s stock after purchasing an additional 261 shares during the quarter. Mastercard accounts for about 1.1% of Capital Insight Partners LLC’s investment portfolio, making the stock its 28th largest holding. Capital Insight Partners LLC’s holdings in Mastercard were worth $6,172,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. McLean Asset Management Corp grew its stake in 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 buying an additional 21 shares during the last quarter. Hoxton Planning & Management LLC increased its holdings in Mastercard by 1.4% in the 1st quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock worth $788,000 after purchasing an additional 22 shares in the last quarter. Quilter Plc raised its stake in shares of Mastercard by 2.8% during 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 during the last quarter. Benin Management CORP lifted its stake in shares of Mastercard by 3.0% in the first quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock worth $382,000 after acquiring an additional 23 shares during the period. Finally, Atticus Wealth Management LLC raised its position in shares of Mastercard by 1.3% in the 1st quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock worth $835,000 after acquiring an additional 23 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Down 0.6 %

Shares of MA stock traded down $2.90 on Thursday, reaching $497.05. 665,262 shares of the stock were exchanged, compared to its average volume of 2,438,032. The company has a market capitalization of $462.07 billion, a price-to-earnings ratio of 39.57, a PEG ratio of 1.96 and a beta of 1.10. The business’s 50 day moving average price is $479.26 and its 200 day moving average price is $462.66. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $501.80.

Mastercard (NYSE:MA – Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share 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 analysts’ expectations of $6.85 billion. As a group, sell-side analysts expect that Mastercard Incorporated will post 14.29 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be paid a $0.66 dividend. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.53%. Mastercard’s dividend payout ratio is currently 20.99%.

Insiders Place Their Bets

In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the sale, the chief financial officer now owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction dated 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 sale, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 340,809 shares of company stock worth $159,610,703. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of recent analyst reports. Susquehanna raised their price target on shares of Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research report on Thursday, August 1st. KeyCorp upped their price objective on shares of Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Barclays increased their price target on shares of Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a report on Thursday. BMO Capital Markets restated an “outperform” rating and set a $520.00 price objective on shares of Mastercard in a research report on Wednesday, August 14th. Finally, Piper Sandler boosted their price objective on shares of Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Five equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Mastercard has an average rating of “Moderate Buy” and a consensus price target of $518.96.

Check Out Our Latest Report on MA

Mastercard Company 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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