Graypoint LLC Boosts Stock Position in Mastercard Incorporated (NYSE:MA)

Graypoint LLC raised its holdings in Mastercard Incorporated (NYSE:MA) by 1.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 15,573 shares of the credit services provider’s stock after acquiring an additional 155 shares during the period. Graypoint LLC’s holdings in Mastercard were worth $7,690,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Goldstein Advisors LLC grew its holdings in shares of Mastercard by 1.3% during the third quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock valued at $749,000 after buying an additional 20 shares in the last quarter. McLean Asset Management Corp boosted its position in Mastercard by 1.3% during the 3rd quarter. McLean Asset Management Corp now owns 1,677 shares of the credit services provider’s stock worth $834,000 after acquiring an additional 21 shares during the period. Oldfather Financial Services LLC grew its stake in 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 acquiring an additional 21 shares in the last quarter. Quilter Plc increased its holdings in shares of Mastercard by 2.8% in the 2nd quarter. Quilter Plc now owns 801 shares of the credit services provider’s stock valued at $353,000 after purchasing an additional 22 shares during the period. Finally, Cornerstone Wealth Management LLC lifted its position in shares of Mastercard by 0.5% in the third quarter. Cornerstone Wealth Management LLC now owns 4,351 shares of the credit services provider’s stock worth $2,148,000 after purchasing an additional 22 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on MA shares. Macquarie boosted their price objective on shares of Mastercard from $505.00 to $565.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. reduced 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, November 1st. BNP Paribas lowered Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price on the stock. in a report on Tuesday, September 3rd. Morgan Stanley upped their price target on Mastercard from $540.00 to $544.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Mizuho raised their price objective on Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $540.17.

Mastercard Trading Up 3.1 %

Shares of MA opened at $521.13 on Thursday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. The stock has a market cap of $481.44 billion, a PE ratio of 39.42, a PEG ratio of 2.21 and a beta of 1.10. Mastercard Incorporated has a 1 year low of $384.30 and a 1 year high of $527.90. The stock has a 50 day simple moving average of $498.11 and a 200-day simple moving average of $468.02.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates 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% compared to the same quarter last year. On average, sell-side analysts predict that Mastercard Incorporated will post 14.45 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be given a dividend of $0.66 per share. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.51%. Mastercard’s payout ratio is 19.97%.

Insider Activity at Mastercard

In related news, major shareholder Foundation Mastercard sold 109,000 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $467.45, for a total value of $50,952,050.00. Following the sale, the insider now directly owns 91,924,308 shares in the company, valued at $42,970,017,774.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction on 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 completion of the sale, the chief marketing officer now owns 15,031 shares in the company, valued at $7,363,085.66. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Foundation Mastercard sold 109,000 shares of Mastercard stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $467.45, for a total value of $50,952,050.00. Following the transaction, the insider now owns 91,924,308 shares in the company, valued at approximately $42,970,017,774.60. 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 327,370 shares of company stock valued at $153,495,958 over the last quarter. Corporate insiders own 0.10% of the company’s stock.

About Mastercard

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.