Mastercard Incorporated (NYSE:MA) Holdings Decreased by Cadence Bank

Cadence Bank cut its position in shares of Mastercard Incorporated (NYSE:MA) by 1.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 11,644 shares of the credit services provider’s stock after selling 200 shares during the period. Cadence Bank’s holdings in Mastercard were worth $5,750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC lifted its holdings in 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 worth $3,971,020,000 after acquiring an additional 8,035,099 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of Mastercard by 51.7% in the 3rd quarter. Bank of Montreal Can now owns 5,765,714 shares of the credit services provider’s stock worth $2,846,187,000 after purchasing an additional 1,965,782 shares during the last quarter. Swedbank AB bought a new stake in shares of Mastercard in the 1st quarter worth approximately $660,652,000. PineStone Asset Management Inc. boosted its position in Mastercard by 145.6% during the 2nd quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock valued at $784,148,000 after purchasing an additional 1,053,616 shares during the period. Finally, FMR LLC grew its stake in Mastercard by 3.4% during the 3rd quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock worth $10,545,139,000 after buying an additional 700,769 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Activity at Mastercard

In other 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 transaction of $2,294,994.10. Following the transaction, the chief marketing officer now owns 15,031 shares in the company, valued at $7,363,085.66. This represents a 23.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by company insiders.

Mastercard Stock Performance

Shares of MA opened at $528.48 on Wednesday. Mastercard Incorporated has a one year low of $404.32 and a one 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 stock has a market cap of $485.05 billion, a price-to-earnings ratio of 39.98, a PEG ratio of 2.34 and a beta of 1.10. The company has a 50-day moving average of $508.03 and a two-hundred day moving average of $474.83.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The firm had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. During the same period last year, the company posted $3.39 EPS. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, equities research analysts expect that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Dividend Announcement

The company 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. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date was Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 19.97%.

Analyst Upgrades and Downgrades

MA has been the subject of several analyst reports. Macquarie boosted their price target on shares of Mastercard from $505.00 to $565.00 and gave the company an “outperform” rating in a report on Friday, November 1st. KeyCorp boosted their target price on shares of Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Royal Bank of Canada restated an “outperform” rating and issued a $572.00 price target on shares of Mastercard in a research note on Thursday, November 14th. Barclays lifted their price target on Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Finally, Morgan Stanley raised their target price on Mastercard from $544.00 to $564.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and a consensus price target 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.