Natixis Advisors LLC Has $280.05 Million Holdings in Mastercard Incorporated (NYSE:MA)

Natixis Advisors LLC raised its position in shares of Mastercard Incorporated (NYSE:MA) by 11.1% in the third quarter, Holdings Channel reports. The fund owned 567,129 shares of the credit services provider’s stock after buying an additional 56,480 shares during the quarter. Mastercard comprises approximately 0.5% of Natixis Advisors LLC’s investment portfolio, making the stock its 28th biggest holding. Natixis Advisors LLC’s holdings in Mastercard were worth $280,048,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Capital Research Global Investors grew its position in Mastercard by 0.3% in the 1st quarter. Capital Research Global Investors now owns 13,651,904 shares of the credit services provider’s stock worth $6,574,347,000 after purchasing an additional 43,881 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Mastercard by 120,665.3% in the third quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock valued at $3,971,020,000 after buying an additional 8,035,099 shares during the period. Ameriprise Financial Inc. grew its position in Mastercard by 1.4% during the second quarter. Ameriprise Financial Inc. now owns 5,082,729 shares of the credit services provider’s stock worth $2,241,297,000 after buying an additional 71,569 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in Mastercard by 2.7% during the second quarter. Canada Pension Plan Investment Board now owns 4,327,168 shares of the credit services provider’s stock valued at $1,908,973,000 after acquiring an additional 113,238 shares during the period. Finally, American Century Companies Inc. raised its holdings in Mastercard by 0.9% in the 2nd quarter. American Century Companies Inc. now owns 4,250,760 shares of the credit services provider’s stock valued at $1,875,266,000 after acquiring an additional 38,380 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Up 0.3 %

Shares of Mastercard stock opened at $521.89 on Friday. Mastercard Incorporated has a 1 year low of $395.55 and a 1 year high of $534.03. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market capitalization of $479.01 billion, a P/E ratio of 39.48, a price-to-earnings-growth ratio of 2.28 and a beta of 1.10. The business has a 50-day moving average of $504.09 and a two-hundred day moving average of $471.04.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. The company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the company posted $3.39 earnings per share. As a group, equities analysts predict that Mastercard Incorporated will post 14.45 EPS for the current year.

Mastercard Dividend Announcement

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

Insider Activity

In related news, major shareholder Foundation Mastercard sold 109,000 shares of the business’s stock in a transaction on 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 transaction, the insider now directly owns 91,924,308 shares in the company, valued at approximately $42,970,017,774.60. The trade was a 0.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’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 completion of the sale, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at $7,363,085.66. This trade represents a 23.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 208,370 shares of company stock worth $97,749,218 over the last ninety days. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

MA has been the topic of several recent research reports. Argus upgraded Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. Macquarie raised their price objective on shares of Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. UBS Group upped their target price on shares of Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft raised their price target on shares of Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, BMO Capital Markets upped their price objective on Mastercard from $550.00 to $565.00 and gave the company an “outperform” rating in a research note on Thursday. Four investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $549.16.

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.