Cetera Investment Advisers Grows Holdings in Mastercard Incorporated (NYSE:MA)

Cetera Investment Advisers lifted its position in shares of Mastercard Incorporated (NYSE:MA) by 1.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 212,342 shares of the credit services provider’s stock after acquiring an additional 3,673 shares during the quarter. Cetera Investment Advisers’ holdings in Mastercard were worth $93,677,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of MA. Westend Capital Management LLC purchased a new stake in Mastercard in the 1st quarter worth $27,000. Palisade Asset Management LLC acquired a new stake in shares of Mastercard in the first quarter valued at about $27,000. VitalStone Financial LLC increased its stake in shares of Mastercard by 300.0% during the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 45 shares in the last quarter. Scarborough Advisors LLC acquired a new position in shares of Mastercard during the 4th quarter worth about $28,000. Finally, Beaird Harris Wealth Management LLC purchased a new position in Mastercard in the 4th quarter valued at about $30,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Trading Up 0.0 %

Shares of MA stock opened at $493.80 on Tuesday. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $501.80. The firm has a market cap of $459.04 billion, a PE ratio of 39.25, a price-to-earnings-growth ratio of 1.96 and a beta of 1.10. The company has a 50-day moving average of $471.70 and a two-hundred day moving average of $461.86. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $3.51 by $0.08. The firm had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. On average, analysts predict that Mastercard Incorporated will post 14.29 EPS for the current year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be issued a $0.66 dividend. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.53%. Mastercard’s dividend payout ratio is presently 20.99%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on MA shares. BMO Capital Markets reiterated an “outperform” rating and set a $520.00 price objective on shares of Mastercard in a research note on Wednesday, August 14th. Compass Point started coverage on Mastercard in a research report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price target for the company. BNP Paribas downgraded Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective for the company. in a research note on Tuesday, September 3rd. TD Cowen lifted their target price on shares of Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, JPMorgan Chase & Co. increased their target price on shares of Mastercard from $500.00 to $570.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. Five equities research 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $513.70.

Insider Buying and Selling

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction on Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of the transaction, the chief financial officer now directly owns 27,304 shares in the company, valued at $12,423,320. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the transaction, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at $8,440,885.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 340,809 shares of company stock valued at $159,610,703. Corporate insiders own 0.10% of the company’s stock.

Mastercard Company 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.