Mastercard Incorporated (NYSE:MA) Shares Purchased by Venture Visionary Partners LLC

Venture Visionary Partners LLC grew its position in Mastercard Incorporated (NYSE:MA) by 1.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 31,051 shares of the credit services provider’s stock after buying an additional 306 shares during the period. Venture Visionary Partners LLC’s holdings in Mastercard were worth $15,333,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of MA. McLean Asset Management Corp boosted its holdings in Mastercard by 1.3% in the 3rd quarter. McLean Asset Management Corp now owns 1,677 shares of the credit services provider’s stock worth $834,000 after buying an additional 21 shares during the last quarter. Hoxton Planning & Management LLC raised its position in shares of Mastercard by 1.4% during the 1st quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock valued at $788,000 after buying an additional 22 shares during the period. Quilter Plc raised its position in Mastercard by 2.8% in the second quarter. Quilter Plc now owns 801 shares of the credit services provider’s stock valued at $353,000 after purchasing an additional 22 shares during the period. Cornerstone Wealth Management LLC raised its position in Mastercard by 0.5% in the third quarter. Cornerstone Wealth Management LLC now owns 4,351 shares of the credit services provider’s stock valued at $2,148,000 after purchasing an additional 22 shares during the period. Finally, Benin Management CORP raised its position in Mastercard by 3.0% in the first quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock valued at $382,000 after purchasing an additional 23 shares during the period. Institutional investors own 97.28% of the company’s stock.

Insider Activity at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now owns 17,118 shares in the company, valued at approximately $8,440,885.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, major shareholder Foundation Mastercard sold 119,000 shares of the 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were 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 of the company’s stock, valued at approximately $8,440,885.80. This represents 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 valued at $159,610,703 in the last quarter. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

MA has been the subject of several research analyst reports. BMO Capital Markets restated an “outperform” rating and issued a $520.00 price objective on shares of Mastercard in a research note on Wednesday, August 14th. Evercore ISI reduced 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. Susquehanna lifted their price target on shares of Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research report on Thursday, August 1st. Piper Sandler raised their price objective on shares of Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Argus raised shares of Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Four analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $525.68.

Mastercard Stock Down 0.3 %

MA stock traded down $1.33 during trading on Monday, reaching $515.01. The stock had a trading volume of 2,214,431 shares, compared to its average volume of 2,441,764. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $518.82. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. The company has a market capitalization of $478.76 billion, a P/E ratio of 41.14, a PEG ratio of 2.22 and a beta of 1.10. The firm has a fifty day moving average price of $486.90 and a 200 day moving average price of $464.01.

Mastercard (NYSE:MA) last issued its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.51 by $0.08. The business had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.85 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. On average, equities analysts anticipate that Mastercard Incorporated will post 14.3 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Wednesday, October 9th. Mastercard’s dividend payout ratio 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.