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:MAFree Report) 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.

View Our Latest Analysis on Mastercard

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:MAGet Free Report) 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

(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.

See Also

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MAFree Report).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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