USA Financial Formulas Has $354,000 Stake in Mastercard Incorporated (NYSE:MA)

USA Financial Formulas lessened its position in Mastercard Incorporated (NYSE:MA) by 9.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 717 shares of the credit services provider’s stock after selling 79 shares during the period. USA Financial Formulas’ holdings in Mastercard were worth $354,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of MA. Caxton Associates LP bought a new position in Mastercard during the 4th quarter worth $1,727,000. Vivaldi Capital Management LP bought a new position in shares of Mastercard during the fourth quarter worth about $406,000. Pinnacle Holdings LLC lifted its stake in shares of Mastercard by 11.8% in the fourth quarter. Pinnacle Holdings LLC now owns 456 shares of the credit services provider’s stock worth $194,000 after acquiring an additional 48 shares during the period. Orleans Capital Management Corp LA boosted its holdings in Mastercard by 5.9% in the fourth quarter. Orleans Capital Management Corp LA now owns 4,997 shares of the credit services provider’s stock valued at $2,131,000 after acquiring an additional 280 shares during the last quarter. Finally, Pathstone Holdings LLC acquired a new stake in Mastercard during the 4th quarter valued at approximately $62,733,000. 97.28% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the transaction, the chief financial officer now owns 27,304 shares in the company, valued at approximately $12,423,320. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s 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 sale, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. 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 109,000 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $467.45, for a total value of $50,952,050.00. Following the transaction, the insider now directly owns 91,924,308 shares in the company, valued at $42,970,017,774.60. This represents a 0.00 % decrease in their position. 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 ninety days. 0.10% of the stock is currently owned by insiders.

Mastercard Stock Performance

Shares of MA stock opened at $499.61 on Thursday. Mastercard Incorporated has a one year low of $359.77 and a one year high of $501.80. The company has a market cap of $464.44 billion, a P/E ratio of 39.71, a P/E/G ratio of 1.96 and a beta of 1.10. The firm has a 50-day moving average of $479.26 and a 200-day moving average of $462.66. 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 earnings results 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 firm had revenue of $6.96 billion for 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%. Equities research analysts forecast that Mastercard Incorporated will post 14.29 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm 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 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 presently 20.99%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Oppenheimer initiated coverage on shares of Mastercard in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price target on the stock. Royal Bank of Canada upped their price target on shares of Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Citigroup lifted their price objective on Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Susquehanna upped their target price on Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research report on Thursday, August 1st. Finally, KeyCorp lifted their target price on Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $517.22.

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.