IMPACTfolio LLC Acquires Shares of 430 Mastercard Incorporated (NYSE:MA)

IMPACTfolio LLC bought a new position in shares of Mastercard Incorporated (NYSE:MA) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 430 shares of the credit services provider’s stock, valued at approximately $212,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cetera Advisor Networks LLC lifted its stake in shares of Mastercard by 7.9% in the 4th quarter. Cetera Advisor Networks LLC now owns 92,766 shares of the credit services provider’s stock valued at $39,566,000 after purchasing an additional 6,823 shares during the period. Exencial Wealth Advisors LLC lifted its stake in Mastercard by 4.5% in the fourth quarter. Exencial Wealth Advisors LLC now owns 60,077 shares of the credit services provider’s stock valued at $25,623,000 after buying an additional 2,579 shares during the period. Stephens Inc. AR raised its holdings in shares of Mastercard by 3.9% during the fourth quarter. Stephens Inc. AR now owns 90,471 shares of the credit services provider’s stock worth $38,587,000 after acquiring an additional 3,375 shares during the period. Baldwin Investment Management LLC boosted its stake in Mastercard by 12.4% in the 4th quarter. Baldwin Investment Management LLC now owns 1,773 shares of the credit services provider’s stock worth $756,000 after purchasing an additional 195 shares during the period. Finally, Morningstar Investment Services LLC raised its stake in shares of Mastercard by 96.8% in the 4th quarter. Morningstar Investment Services LLC now owns 593,789 shares of the credit services provider’s stock valued at $253,144,000 after purchasing an additional 292,064 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling

In other Mastercard news, major shareholder Foundation Mastercard sold 119,000 shares of the stock in a transaction 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 owns 92,033,308 shares in the company, valued at $43,113,923,465.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the sale, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 119,000 shares of the business’s 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 completion of the transaction, 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. In the last ninety days, insiders sold 340,809 shares of company stock valued at $159,610,703. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

MA has been the subject of a number of research reports. Piper Sandler increased their price objective on Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. KeyCorp raised their price target on shares of Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Bank of America boosted their price target on shares of Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. BNP Paribas lowered shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target on the stock. in a research report on Tuesday, September 3rd. Finally, Evercore ISI decreased their price objective on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Five equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $517.22.

Mastercard Stock Performance

Shares of MA opened at $495.67 on Thursday. The stock has a 50-day moving average of $474.05 and a 200-day moving average of $462.24. Mastercard Incorporated has a one year low of $359.77 and a one year high of $501.80. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $460.78 billion, a PE ratio of 39.40, a P/E/G ratio of 1.96 and a beta of 1.10.

Mastercard (NYSE:MA) last released its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, beating analysts’ consensus estimates 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%. On average, equities research analysts predict that Mastercard Incorporated will post 14.29 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s payout ratio is currently 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.