Mastercard Incorporated (NYSE:MA) Shares Bought by Umpqua Bank

Umpqua Bank raised its stake in Mastercard Incorporated (NYSE:MA) by 28.7% in the third quarter, HoldingsChannel.com reports. The fund owned 709 shares of the credit services provider’s stock after buying an additional 158 shares during the quarter. Umpqua Bank’s holdings in Mastercard were worth $350,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Highline Wealth Partners LLC bought a new stake in shares of Mastercard during the third quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Mastercard during the second quarter valued at approximately $34,000. Fairway Wealth LLC bought a new stake in shares of Mastercard during the second quarter valued at approximately $35,000. Lowe Wealth Advisors LLC raised its holdings in shares of Mastercard by 74.0% during the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after buying an additional 37 shares during the last quarter. Finally, VitalStone Financial LLC raised its holdings in shares of Mastercard by 55.0% during the first quarter. VitalStone Financial LLC now owns 93 shares of the credit services provider’s stock valued at $45,000 after buying an additional 33 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Trading Up 3.1 %

MA stock traded up $15.72 during midday trading on Wednesday, reaching $521.28. The company’s stock had a trading volume of 238,110 shares, compared to its average volume of 2,437,107. Mastercard Incorporated has a 52 week low of $384.30 and a 52 week high of $527.90. The stock has a market cap of $481.58 billion, a PE ratio of 38.24, a price-to-earnings-growth ratio of 2.23 and a beta of 1.10. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. The business’s 50-day simple moving average is $497.12 and its 200-day simple moving average is $467.65.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same period last year, the firm earned $3.39 earnings per share. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. As a group, sell-side analysts expect that Mastercard Incorporated will post 14.4 EPS for the current year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.51%. Mastercard’s dividend payout ratio is 19.97%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MA shares. TD Cowen boosted their target price on Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. KeyCorp lifted their price target on shares of Mastercard from $515.00 to $580.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Robert W. Baird lifted their price target on shares of Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Royal Bank of Canada lifted their price objective on shares of Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Finally, Macquarie lifted their price objective on shares of Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Four analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Mastercard currently has a consensus rating of “Moderate Buy” and an average target price of $540.17.

Insider Transactions at Mastercard

In related news, major shareholder Foundation Mastercard sold 119,000 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 92,033,308 shares in the company, valued at $43,113,923,465.68. 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 is available at 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 shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the transaction, the chief marketing officer now directly owns 15,031 shares in the company, valued at $7,363,085.66. The trade was 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. Also, major shareholder Foundation Mastercard sold 119,000 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 92,033,308 shares in the company, 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 a total of 327,370 shares of company stock valued at $153,495,958 over the last three months. 0.10% of the stock is currently owned by corporate insiders.

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.