Evanson Asset Management LLC Has $1.22 Million Holdings in Mastercard Incorporated (NYSE:MA)

Evanson Asset Management LLC lifted its stake in shares of Mastercard Incorporated (NYSE:MA) by 10.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,466 shares of the credit services provider’s stock after buying an additional 226 shares during the quarter. Evanson Asset Management LLC’s holdings in Mastercard were worth $1,218,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Brevan Howard Capital Management LP increased its holdings in shares of Mastercard by 213.2% during the fourth quarter. Brevan Howard Capital Management LP now owns 8,456 shares of the credit services provider’s stock valued at $3,607,000 after acquiring an additional 5,756 shares in the last quarter. Banque Cantonale Vaudoise raised its holdings in Mastercard by 6.9% during the first 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. First Trust Direct Indexing L.P. raised its holdings in Mastercard by 14.2% during the first 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. Coppell Advisory Solutions Corp. bought a new position in shares of Mastercard in the first quarter valued at $608,000. Finally, SteelPeak Wealth LLC grew its holdings in shares of Mastercard by 48.6% during the second quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock valued at $2,174,000 after buying an additional 1,612 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

MA has been the topic of several recent research reports. Piper Sandler raised their price target on shares of Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Compass Point assumed coverage on Mastercard in a research report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 target price on the stock. Evercore ISI lowered their price target on Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. William Blair upgraded Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Finally, BNP Paribas lowered shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price for the company. in a research note on Tuesday, September 3rd. Five analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and a consensus price target of $517.22.

Mastercard Stock Performance

Shares of MA stock opened at $491.30 on Tuesday. The firm’s 50 day moving average is $476.54 and its 200 day moving average is $462.27. The stock has a market capitalization of $456.72 billion, a P/E ratio of 39.05, a PEG ratio of 1.96 and a beta of 1.10. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $501.80. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95.

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

Mastercard Announces Dividend

The business 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 dividend of $0.66 per share. 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 0.54%. Mastercard’s dividend payout ratio (DPR) is 20.99%.

Insiders Place Their Bets

In other news, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the sale, the chief financial officer now directly owns 27,304 shares in the company, valued at $12,423,320. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, major shareholder Foundation Mastercard sold 109,000 shares of Mastercard stock in a transaction on Monday, August 19th. The stock was sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the completion of the sale, the insider now owns 91,924,308 shares of the company’s stock, valued at approximately $42,970,017,774.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 340,809 shares of company stock worth $159,610,703 in the last quarter. 0.10% of the stock is owned by company insiders.

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.