Concentric Capital Strategies LP Purchases 9,416 Shares of Mastercard Incorporated (NYSE:MA)

Concentric Capital Strategies LP raised its holdings in shares of Mastercard Incorporated (NYSE:MA) by 485.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,357 shares of the credit services provider’s stock after purchasing an additional 9,416 shares during the quarter. Concentric Capital Strategies LP’s holdings in Mastercard were worth $5,608,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. International Assets Investment Management LLC raised its holdings in shares of Mastercard by 120,665.3% in the 3rd 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 third quarter. Bank of Montreal Can now owns 5,765,714 shares of the credit services provider’s stock valued at $2,846,187,000 after purchasing an additional 1,965,782 shares in the last quarter. PineStone Asset Management Inc. boosted its position in shares of Mastercard by 145.6% during the second quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock valued at $784,148,000 after buying an additional 1,053,616 shares during the last quarter. FMR LLC grew its holdings in Mastercard by 3.4% during the third 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 in the last quarter. Finally, Manning & Napier Advisors LLC purchased a new stake in Mastercard in the 2nd quarter valued at $259,071,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of NYSE MA opened at $532.94 on Monday. The stock’s 50-day simple moving average is $510.37 and its two-hundred day simple moving average is $476.43. Mastercard Incorporated has a twelve month low of $404.32 and a twelve month high of $535.77. The firm has a market capitalization of $489.15 billion, a P/E ratio of 40.31, a P/E/G ratio of 2.37 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.

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

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were given a $0.66 dividend. The ex-dividend date of this dividend 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 news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction that occurred 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 directly owns 15,031 shares in the company, valued at approximately $7,363,085.66. The trade was a 23.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on MA shares. William Blair reiterated an “outperform” rating on shares of Mastercard in a research note on Monday, November 25th. KeyCorp upped their price objective 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. Macquarie lifted their target price 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. Morgan Stanley upped their target price on Mastercard from $544.00 to $564.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Finally, Oppenheimer assumed coverage on Mastercard in a report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and an average price target of $549.16.

Mastercard Company 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.