Ted Buchan & Co Purchases Shares of 662 Mastercard Incorporated (NYSE:MA)

Ted Buchan & Co acquired a new stake in Mastercard Incorporated (NYSE:MA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 662 shares of the credit services provider’s stock, valued at approximately $292,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MA. Brevan Howard Capital Management LP lifted its stake in Mastercard by 213.2% in the fourth quarter. Brevan Howard Capital Management LP now owns 8,456 shares of the credit services provider’s stock worth $3,607,000 after acquiring an additional 5,756 shares during the last quarter. Banque Cantonale Vaudoise lifted its position in shares of Mastercard by 6.9% during the 1st quarter. Banque Cantonale Vaudoise now owns 41,250 shares of the credit services provider’s stock worth $19,865,000 after buying an additional 2,676 shares during the last quarter. Morningstar Investment Services LLC lifted its position in shares of Mastercard by 96.8% during the 4th quarter. Morningstar Investment Services LLC now owns 593,789 shares of the credit services provider’s stock worth $253,144,000 after buying an additional 292,064 shares during the last quarter. First Trust Direct Indexing L.P. lifted its position in shares of Mastercard by 14.2% during the 1st quarter. First Trust Direct Indexing L.P. now owns 20,552 shares of the credit services provider’s stock worth $9,897,000 after buying an additional 2,556 shares during the last quarter. Finally, Coppell Advisory Solutions Corp. purchased a new stake in shares of Mastercard during the 1st quarter worth approximately $608,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

MA has been the topic of a number of recent research reports. Susquehanna lifted their target price on shares of Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a report on Thursday, August 1st. Evercore ISI cut their target price on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. BNP Paribas cut shares of 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. Bank of America lifted their target price on shares of Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. Finally, Compass Point initiated coverage on shares of Mastercard in a report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $513.70.

Mastercard Price Performance

Mastercard stock opened at $493.80 on Tuesday. Mastercard Incorporated has a 52 week low of $359.77 and a 52 week high of $501.80. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. The firm’s 50-day simple moving average is $471.70 and its 200 day simple moving average is $461.86. The firm has a market capitalization of $459.04 billion, a PE ratio of 39.25, a P/E/G ratio of 1.96 and a beta of 1.10.

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

Mastercard Announces Dividend

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

Insider Activity

In other news, major shareholder Foundation Mastercard sold 119,000 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the completion of the transaction, the insider now owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the sale, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 119,000 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the sale, the insider now directly owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. The disclosure for this sale can be found here. Insiders sold a total of 340,809 shares of company stock valued at $159,610,703 in the last 90 days. 0.10% of the stock is currently owned by insiders.

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.