Main Street Research LLC Boosts Stock Position in Mastercard Incorporated (NYSE:MA)

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Main Street Research LLC raised its stake in shares of Mastercard Incorporated (NYSE:MA) by 16.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,106 shares of the credit services provider’s stock after acquiring an additional 155 shares during the period. Main Street Research LLC’s holdings in Mastercard were worth $374,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of MA. Carolina Wealth Advisors LLC acquired a new stake in Mastercard during the 3rd quarter valued at $30,000. Newfound Research LLC acquired a new stake in shares of Mastercard during the third quarter worth $34,000. Larson Financial Group LLC boosted its holdings in shares of Mastercard by 55.2% during the third quarter. Larson Financial Group LLC now owns 104 shares of the credit services provider’s stock worth $35,000 after purchasing an additional 37 shares during the last quarter. Avion Wealth acquired a new stake in shares of Mastercard during the third quarter worth $37,000. Finally, Evolution Wealth Advisors LLC boosted its holdings in shares of Mastercard by 530.4% during the second quarter. Evolution Wealth Advisors LLC now owns 145 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 122 shares during the last quarter. 73.72% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Michael Fraccaro sold 3,458 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $350.00, for a total transaction of $1,210,300.00. Following the sale, the insider now owns 5,147 shares of the company’s stock, valued at $1,801,450. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 60,210 shares of the business’s stock in a transaction that occurred on Wednesday, November 11th. The stock was sold at an average price of $337.09, for a total value of $20,296,188.90. Insiders sold 550,868 shares of company stock valued at $175,693,281 over the last quarter. Insiders own 3.79% of the company’s stock.

Several research firms have recently issued reports on MA. Smith Barney Citigroup decreased their price objective on Mastercard from $384.00 to $355.00 in a report on Thursday, October 29th. KeyCorp decreased their price objective on Mastercard from $365.00 to $325.00 and set an “overweight” rating on the stock in a report on Monday, November 2nd. Barclays raised their price objective on Mastercard from $360.00 to $385.00 and gave the stock an “overweight” rating in a report on Monday, September 21st. Keefe, Bruyette & Woods raised their price objective on Mastercard from $371.00 to $380.00 and gave the stock an “outperform” rating in a report on Wednesday, September 9th. Finally, BMO Capital Markets cut their target price on Mastercard from $345.00 to $333.00 and set an “outperform” rating on the stock in a research report on Thursday, October 29th. Five equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. Mastercard has a consensus rating of “Buy” and a consensus price target of $348.18.

Shares of Mastercard stock traded down $10.88 during trading hours on Friday, hitting $323.00. 4,144,864 shares of the company’s stock traded hands, compared to its average volume of 4,865,302. The stock has a 50 day simple moving average of $328.52 and a 200-day simple moving average of $316.79. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 2.15. The company has a market cap of $322.01 billion, a PE ratio of 48.43, a PEG ratio of 2.82 and a beta of 1.16. Mastercard Incorporated has a twelve month low of $199.99 and a twelve month high of $367.25.

Mastercard (NYSE:MA) last announced its earnings results on Wednesday, October 28th. The credit services provider reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.05). Mastercard had a net margin of 43.13% and a return on equity of 114.80%. As a group, equities research analysts predict that Mastercard Incorporated will post 6.33 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 9th. Stockholders of record on Friday, October 9th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, October 8th. This represents a $1.60 annualized dividend and a dividend yield of 0.50%. Mastercard’s dividend payout ratio is presently 20.59%.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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