Portfolio Design Labs LLC Has $3.73 Million Position in Mastercard Incorporated (NYSE:MA)

Portfolio Design Labs LLC cut its position in shares of Mastercard Incorporated (NYSE:MA) by 26.9% during the third quarter, Holdings Channel reports. The institutional investor owned 7,558 shares of the credit services provider’s stock after selling 2,782 shares during the quarter. Mastercard comprises 1.0% of Portfolio Design Labs LLC’s holdings, making the stock its 21st biggest position. Portfolio Design Labs LLC’s holdings in Mastercard were worth $3,732,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MA. Highline Wealth Partners LLC acquired a new stake in shares of Mastercard during the 3rd quarter valued at about $25,000. Strategic Investment Solutions Inc. IL bought a new position in Mastercard during the second quarter worth about $34,000. First Personal Financial Services acquired a new stake in Mastercard during the third quarter valued at approximately $39,000. Fairway Wealth LLC bought a new stake in shares of Mastercard in the 2nd quarter valued at approximately $35,000. Finally, Lowe Wealth Advisors LLC raised its holdings in shares of Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after buying an additional 37 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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 value of $2,294,994.10. Following the sale, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. This trade represents a 23.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 90,000 shares of the company’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 value of $42,192,000.00. Following the transaction, the insider now directly owns 91,649,308 shares of the company’s stock, valued at approximately $42,965,195,590.40. This trade represents a 0.10 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 99,370 shares of company stock worth $46,797,168. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on MA. Oppenheimer initiated coverage on Mastercard in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price target on the stock. Barclays increased their target price on shares of Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. BNP Paribas lowered shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target on the stock. in a research report on Tuesday, September 3rd. Piper Sandler reaffirmed an “overweight” rating and set a $575.00 price objective (up previously from $565.00) on shares of Mastercard in a report on Friday, November 15th. Finally, TD Cowen increased their price target on Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Four research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and an average price target of $549.16.

Mastercard Stock Down 0.4 %

Shares of NYSE:MA opened at $519.47 on Wednesday. The company has a 50 day moving average price of $505.41 and a two-hundred day moving average price of $472.48. The company has a market capitalization of $476.79 billion, a PE ratio of 39.29, a PEG ratio of 2.32 and a beta of 1.10. Mastercard Incorporated has a 52 week low of $398.26 and a 52 week high of $534.03. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29.

Mastercard (NYSE:MA) last issued its quarterly earnings data 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 return on equity of 178.27% and a net margin of 45.26%. The business had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. During the same quarter last year, the business posted $3.39 EPS. The firm’s revenue was up 12.8% compared to the same quarter last year. Analysts forecast that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Announces Dividend

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

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.