Fiera Capital Corp Sells 63,300 Shares of Mastercard Incorporated (NYSE:MA)

Fiera Capital Corp decreased its stake in shares of Mastercard Incorporated (NYSE:MA) by 2.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,524,115 shares of the credit services provider’s stock after selling 63,300 shares during the quarter. Mastercard comprises 3.7% of Fiera Capital Corp’s holdings, making the stock its 6th biggest position. Fiera Capital Corp owned approximately 0.27% of Mastercard worth $1,246,408,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Sarasin & Partners LLP lifted its stake in shares of Mastercard by 4.7% in the 3rd quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider’s stock valued at $410,813,000 after purchasing an additional 37,486 shares during the period. Coppell Advisory Solutions Corp. purchased a new stake in shares of Mastercard in the first quarter valued at about $608,000. SteelPeak Wealth LLC grew its position in Mastercard by 48.6% in the second quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock worth $2,174,000 after acquiring an additional 1,612 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in shares of Mastercard in the 1st quarter worth approximately $2,938,000. Finally, OMC Financial Services LTD acquired a new position in Mastercard during the first quarter worth $17,854,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Price Performance

Shares of NYSE MA traded up $7.68 during trading on Friday, reaching $525.56. The company had a trading volume of 460,816 shares, compared to its average volume of 2,443,582. The stock has a market capitalization of $485.53 billion, a PE ratio of 39.81, a price-to-earnings-growth ratio of 2.21 and a beta of 1.10. The stock has a 50-day moving average price of $498.11 and a two-hundred day moving average price of $468.02. Mastercard Incorporated has a twelve month low of $386.74 and a twelve month high of $527.90. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last released its earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS 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 firm had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same period in the previous year, the company earned $3.39 EPS. Mastercard’s revenue for the quarter was up 12.8% on a year-over-year basis. As a group, sell-side analysts predict that Mastercard Incorporated will post 14.45 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date is Wednesday, October 9th. Mastercard’s dividend payout ratio is currently 19.97%.

Insider Activity at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 109,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the completion of the sale, the insider now directly owns 91,924,308 shares in the company, valued at $42,970,017,774.60. 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 through this hyperlink. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the sale, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. This trade 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 109,000 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the completion of the transaction, the insider now owns 91,924,308 shares in the company, valued at $42,970,017,774.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 327,370 shares of company stock worth $153,495,958. 0.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on MA. TD Cowen raised their price target on shares of Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Argus upgraded shares of Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Piper Sandler restated an “overweight” rating and set a $565.00 target price (up from $536.00) on shares of Mastercard in a research report on Friday, November 1st. Morgan Stanley raised their price target on Mastercard from $540.00 to $544.00 and gave the stock an “overweight” rating in a report on Monday. Finally, William Blair upgraded shares of Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and an average target price of $540.17.

Mastercard Profile

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.