Covestor Ltd Has $586,000 Stock Position in Mastercard Incorporated (NYSE:MA)

Covestor Ltd raised its stake in Mastercard Incorporated (NYSE:MA) by 4.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,185 shares of the credit services provider’s stock after acquiring an additional 47 shares during the quarter. Mastercard comprises approximately 0.4% of Covestor Ltd’s investment portfolio, making the stock its 22nd biggest holding. Covestor Ltd’s holdings in Mastercard were worth $586,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MA. Highline Wealth Partners LLC acquired a new position in shares of Mastercard during the third quarter valued at $25,000. Strategic Investment Solutions Inc. IL bought a new stake in Mastercard during the 2nd quarter worth about $34,000. Fairway Wealth LLC acquired a new position in Mastercard during the 2nd quarter valued at about $35,000. First Personal Financial Services bought a new position in shares of Mastercard in the 3rd quarter valued at about $39,000. Finally, Lowe Wealth Advisors LLC grew its position in shares of Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after buying an additional 37 shares during the period. 97.28% of the stock is owned by institutional investors.

Mastercard Price Performance

Shares of MA opened at $524.76 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a twelve month low of $386.74 and a twelve month high of $528.84. The stock has a market capitalization of $481.64 billion, a P/E ratio of 39.69, a P/E/G ratio of 2.28 and a beta of 1.10. The company has a 50 day moving average of $499.68 and a 200-day moving average of $468.84.

Mastercard (NYSE:MA) last released its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share 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 business had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. During the same quarter last year, the firm earned $3.39 earnings per share. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. As a group, equities research analysts forecast that Mastercard Incorporated will post 14.45 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were given a dividend of $0.66 per share. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.50%. Mastercard’s dividend payout ratio (DPR) is presently 19.97%.

Insider Buying and Selling at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the sale, the chief marketing officer now owns 15,031 shares in the company, valued at $7,363,085.66. 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 through this link. In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the sale, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the completion of the sale, the insider now owns 91,924,308 shares of the company’s stock, valued at $42,970,017,774.60. This trade 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 327,370 shares of company stock worth $153,495,958 over the last ninety days. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

MA has been the topic of a number of recent research reports. BNP Paribas cut shares of 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. Deutsche Bank Aktiengesellschaft lifted their price objective on Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Mizuho increased their target price on Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Piper Sandler restated an “overweight” rating and set a $565.00 target price (up from $536.00) on shares of Mastercard in a research report on Friday, November 1st. Finally, Argus upgraded shares of Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Mastercard has an average rating of “Moderate Buy” and an average target price of $540.17.

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.