Dover Advisors LLC purchased a new position in shares of Mastercard Incorporated (NYSE:MA – Free Report) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 437 shares of the credit services provider’s stock, valued at approximately $216,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of MA. Banque Cantonale Vaudoise grew its position in shares of Mastercard by 6.9% during the first quarter. Banque Cantonale Vaudoise now owns 41,250 shares of the credit services provider’s stock worth $19,865,000 after acquiring an additional 2,676 shares during the last quarter. First Trust Direct Indexing L.P. increased its stake in Mastercard by 14.2% in the first quarter. First Trust Direct Indexing L.P. now owns 20,552 shares of the credit services provider’s stock valued at $9,897,000 after purchasing an additional 2,556 shares during the period. Coppell Advisory Solutions Corp. acquired a new position in Mastercard in the 1st quarter valued at about $608,000. SteelPeak Wealth LLC raised its stake in Mastercard by 48.6% during the 2nd quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock valued at $2,174,000 after acquiring an additional 1,612 shares during the last quarter. Finally, Sarasin & Partners LLP increased its holdings in shares of Mastercard by 2.2% in the first quarter. Sarasin & Partners LLP now owns 734,881 shares of the credit services provider’s stock valued at $353,897,000 after purchasing an additional 15,756 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at $8,440,885.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the transaction, the chief financial officer now directly owns 27,304 shares in the company, valued at approximately $12,423,320. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the sale, the chief marketing officer now owns 17,118 shares in the company, valued at approximately $8,440,885.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 340,809 shares of company stock worth $159,610,703. 0.10% of the stock is currently owned by insiders.
Analyst Ratings Changes
Check Out Our Latest Research Report on MA
Mastercard Stock Up 0.1 %
Shares of NYSE:MA traded up $0.57 during midday trading on Tuesday, hitting $507.23. 2,883,563 shares of the company’s stock traded hands, compared to its average volume of 2,440,577. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $509.88. The firm’s fifty day moving average price is $482.08 and its two-hundred day moving average price is $463.06. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $471.53 billion, a PE ratio of 40.32, a P/E/G ratio of 2.22 and a beta of 1.10.
Mastercard (NYSE:MA – Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, topping the consensus estimate of $3.51 by $0.08. The business had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. On average, equities research analysts anticipate that Mastercard Incorporated will post 14.3 EPS for the current fiscal year.
Mastercard Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is currently 20.99%.
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.
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