Mastercard Incorporated (NYSE:MA) Shares Bought by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC grew its stake in Mastercard Incorporated (NYSE:MA) by 0.0% during the third quarter, HoldingsChannel reports. The firm owned 389,010 shares of the credit services provider’s stock after purchasing an additional 76 shares during the quarter. Mastercard comprises approximately 3.7% of Douglass Winthrop Advisors LLC’s portfolio, making the stock its 5th biggest holding. Douglass Winthrop Advisors LLC’s holdings in Mastercard were worth $192,093,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of MA. Goldstein Advisors LLC boosted its stake in 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 holdings in Mastercard by 1.3% during the third quarter. McLean Asset Management Corp now owns 1,677 shares of the credit services provider’s stock worth $834,000 after buying an additional 21 shares in the last quarter. Oldfather Financial Services LLC grew its position in Mastercard by 2.6% in the third quarter. Oldfather Financial Services LLC now owns 827 shares of the credit services provider’s stock worth $408,000 after buying an additional 21 shares during the last quarter. Transcendent Capital Group LLC increased its holdings in shares of Mastercard by 4.8% in the third quarter. Transcendent Capital Group LLC now owns 455 shares of the credit services provider’s stock valued at $225,000 after buying an additional 21 shares in the last quarter. Finally, Guerra Pan Advisors LLC lifted its position in shares of Mastercard by 1.7% during the 3rd quarter. Guerra Pan Advisors LLC now owns 1,225 shares of the credit services provider’s stock valued at $605,000 after acquiring an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Activity

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction dated 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 directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on MA shares. BNP Paribas cut 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. Piper Sandler restated 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. BMO Capital Markets raised their target price on shares of Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Bank of America lifted their target price on shares of Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. Finally, Citigroup upped their price target on shares of Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Four investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $549.16.

Mastercard Trading Up 1.1 %

Shares of NYSE:MA opened at $520.86 on Monday. 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 capitalization of $478.06 billion, a PE ratio of 39.40, a P/E/G ratio of 2.32 and a beta of 1.10. Mastercard Incorporated has a 1 year low of $404.32 and a 1 year high of $534.03. The firm has a fifty day moving average price of $506.91 and a 200 day moving average price of $473.83.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.73 by $0.16. The company had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The firm’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.39 EPS. Analysts expect that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard Dividend Announcement

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