Peddock Capital Advisors LLC Has $4.37 Million Position in Mastercard Incorporated (NYSE:MA)

Peddock Capital Advisors LLC lowered its position in Mastercard Incorporated (NYSE:MA) by 1.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,841 shares of the credit services provider’s stock after selling 133 shares during the period. Mastercard accounts for 1.0% of Peddock Capital Advisors LLC’s portfolio, making the stock its 20th largest holding. Peddock Capital Advisors LLC’s holdings in Mastercard were worth $4,366,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. VitalStone Financial LLC grew its holdings in Mastercard by 300.0% during the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 45 shares during the last quarter. Westend Capital Management LLC bought a new position in Mastercard in the first quarter worth $27,000. Palisade Asset Management LLC bought a new position in Mastercard in the first quarter worth $27,000. Scarborough Advisors LLC bought a new position in Mastercard in the fourth quarter worth $28,000. Finally, Beaird Harris Wealth Management LLC bought a new position in shares of Mastercard during the fourth quarter valued at $30,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. KeyCorp raised their target price on Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Barclays boosted their target price on Mastercard from $530.00 to $536.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. BNP Paribas cut Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price on the stock. in a research note on Tuesday, September 3rd. Evercore ISI cut their target price on Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. Finally, Piper Sandler boosted their price target on Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Five equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Mastercard presently has a consensus rating of “Moderate Buy” and an average price target of $517.22.

Insider Activity

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on 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 directly owns 17,118 shares in the company, valued at approximately $8,440,885.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’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 completion of the sale, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at $8,440,885.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Foundation Mastercard sold 119,000 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $468.46, for a total value of $55,746,740.00. Following the completion of the sale, the insider now directly owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 340,809 shares of company stock worth $159,610,703 over the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

Mastercard Trading Down 0.0 %

NYSE MA traded down $0.24 during trading hours on Wednesday, hitting $496.82. 366,315 shares of the company’s stock were exchanged, compared to its average volume of 2,440,563. The stock has a 50-day simple moving average of $478.54 and a 200 day simple moving average of $462.40. 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 $461.85 billion, a price-to-earnings ratio of 39.51, a PEG ratio of 1.96 and a beta of 1.10. 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 announced its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $6.85 billion. On average, equities analysts forecast that Mastercard Incorporated will post 14.29 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be paid a $0.66 dividend. The ex-dividend date 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 presently 20.99%.

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.