RiverPark Advisors LLC Has $2.26 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

RiverPark Advisors LLC trimmed its stake in Mastercard Incorporated (NYSE:MA) by 17.3% in the third quarter, HoldingsChannel reports. The firm owned 4,567 shares of the credit services provider’s stock after selling 956 shares during the period. Mastercard makes up about 1.8% of RiverPark Advisors LLC’s portfolio, making the stock its 17th largest position. RiverPark Advisors LLC’s holdings in Mastercard were worth $2,255,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Highline Wealth Partners LLC acquired a new stake in Mastercard in the third quarter worth $25,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Mastercard during the second quarter valued at about $34,000. First Personal Financial Services acquired a new position in shares of Mastercard during the third quarter valued at about $39,000. Fairway Wealth LLC bought a new stake in shares of Mastercard during the second quarter worth about $35,000. Finally, Lowe Wealth Advisors LLC lifted its position in Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after acquiring an additional 37 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Mastercard

In other news, major shareholder Foundation Mastercard sold 109,000 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the sale, the insider now directly owns 91,924,308 shares in the company, valued at $42,970,017,774.60. This represents a 0.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 owns 15,031 shares in the company, valued at approximately $7,363,085.66. This represents a 23.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 208,370 shares of company stock valued at $97,749,218 over the last three months. 0.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on MA. Citigroup boosted their price objective on Mastercard from $566.00 to $572.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Robert W. Baird upped their price target on Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. TD Cowen increased their price target on Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research report on Friday. Piper Sandler reaffirmed an “overweight” rating and set a $575.00 price objective (up from $565.00) on shares of Mastercard in a report on Friday. Finally, BMO Capital Markets lifted their price objective on shares of Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a report on Thursday. Four research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and an average target price of $549.16.

Mastercard Price Performance

NYSE MA opened at $521.89 on Friday. The company has a market cap of $479.01 billion, a PE ratio of 39.48, a price-to-earnings-growth ratio of 2.28 and a beta of 1.10. Mastercard Incorporated has a 52 week low of $395.55 and a 52 week high of $534.03. 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 firm’s 50-day simple moving average is $504.09 and its two-hundred day simple moving average is $471.18.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.73 by $0.16. The business had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The company’s revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.39 earnings per share. Research analysts predict that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.51%. The ex-dividend date was Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 19.97%.

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.