Mastercard Incorporated (NYSE:MA) Shares Purchased by Allen Capital Group LLC

Allen Capital Group LLC boosted its position in Mastercard Incorporated (NYSE:MA) by 17.9% in the 3rd quarter, Holdings Channel reports. The firm owned 1,002 shares of the credit services provider’s stock after acquiring an additional 152 shares during the quarter. Allen Capital Group LLC’s holdings in Mastercard were worth $495,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Sarasin & Partners LLP grew its holdings in 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 buying an additional 37,486 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Mastercard by 4.8% in the 3rd quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider’s stock valued at $1,497,160,000 after buying an additional 138,842 shares in the last quarter. Coppell Advisory Solutions Corp. purchased a new position in shares of Mastercard during the 1st quarter worth $608,000. SteelPeak Wealth LLC grew its holdings in shares of Mastercard by 48.6% during the 2nd quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock worth $2,174,000 after purchasing an additional 1,612 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Mastercard by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider’s stock worth $2,474,151,000 after purchasing an additional 100,550 shares during the period. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Price Performance

MA stock opened at $520.76 on Friday. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market capitalization of $477.97 billion, a P/E ratio of 39.39, a P/E/G ratio of 2.29 and a beta of 1.10. The business’s 50-day moving average is $506.91 and its two-hundred day moving average is $473.55. Mastercard Incorporated has a 1 year low of $404.32 and a 1 year high of $534.03.

Mastercard (NYSE:MA) last issued 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 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 analyst estimates of $7.27 billion. During the same quarter last year, the company earned $3.39 EPS. The business’s quarterly revenue was up 12.8% on a year-over-year basis. Analysts anticipate that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

Insider Transactions at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was 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. This trade represents a 21.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. TD Cowen increased their price target on Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Mizuho increased their price target on Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Morgan Stanley increased their price target on Mastercard from $544.00 to $564.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Oppenheimer assumed coverage on Mastercard in a report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $549.16.

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.