Private Advisory Group LLC Has $4.83 Million Position in Mastercard Incorporated (NYSE:MA)

Private Advisory Group LLC boosted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 10.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 9,780 shares of the credit services provider’s stock after acquiring an additional 897 shares during the period. Private Advisory Group LLC’s holdings in Mastercard were worth $4,829,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Banque Cantonale Vaudoise lifted its stake in Mastercard by 6.9% in the first quarter. Banque Cantonale Vaudoise now owns 41,250 shares of the credit services provider’s stock valued at $19,865,000 after buying an additional 2,676 shares during the period. First Trust Direct Indexing L.P. boosted its position in shares of 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 purchasing an additional 2,556 shares in the last quarter. Coppell Advisory Solutions Corp. acquired a new position in shares of Mastercard in the 1st quarter valued at $608,000. SteelPeak Wealth LLC increased its position in shares of Mastercard by 48.6% in the 2nd 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 in the last quarter. Finally, GLOBALT Investments LLC GA acquired a new position in Mastercard in the fourth quarter valued at about $6,427,000. Institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MA. Piper Sandler lifted their price objective on Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. BNP Paribas lowered Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective on the stock. in a research note on Tuesday, September 3rd. Susquehanna upped their price objective on shares of Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a report on Thursday, August 1st. Argus upgraded shares of Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Finally, JPMorgan Chase & Co. increased their price target on shares of Mastercard from $500.00 to $570.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Five investment 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’s stock. Based on data from MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and an average target price of $518.96.

Insiders Place Their Bets

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now directly owns 15,031 shares in the company, valued at approximately $7,363,085.66. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the sale, the chief marketing officer now directly owns 15,031 shares in the company, valued at approximately $7,363,085.66. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 119,000 shares of the firm’s stock in a transaction that occurred on 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. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 340,809 shares of company stock valued at $159,610,703. 0.10% of the stock is currently owned by insiders.

Mastercard Price Performance

Shares of MA stock opened at $498.02 on Friday. The business has a fifty day simple moving average of $479.97 and a 200 day simple moving average of $462.90. The company has a market cap of $460.09 billion, a P/E ratio of 38.07, a P/E/G ratio of 2.22 and a beta of 1.10. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $501.80.

Mastercard (NYSE:MA) last issued 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. 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 the consensus estimate of $6.85 billion. On average, sell-side analysts forecast that Mastercard Incorporated will post 14.3 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be given 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 is currently 20.18%.

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.