Mastercard Incorporated (NYSE:MA) Shares Purchased by B.O.S.S. Retirement Advisors LLC

B.O.S.S. Retirement Advisors LLC increased its position in shares of Mastercard Incorporated (NYSE:MA) by 8.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,655 shares of the credit services provider’s stock after acquiring an additional 546 shares during the period. B.O.S.S. Retirement Advisors LLC’s holdings in Mastercard were worth $3,287,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Westend Capital Management LLC purchased a new position in Mastercard in the 1st quarter worth about $27,000. Palisade Asset Management LLC purchased a new position in Mastercard in the 1st quarter worth about $27,000. Scarborough Advisors LLC purchased a new position in Mastercard in the 4th quarter worth about $28,000. Strategic Investment Solutions Inc. IL purchased a new position in Mastercard in the 2nd quarter worth about $34,000. Finally, Fairway Wealth LLC purchased a new position in Mastercard in the 2nd quarter worth about $35,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of analyst reports. TD Cowen lifted their price target on Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Evercore ISI decreased their price objective on Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Bank of America raised their price objective on Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. William Blair upgraded Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. raised their price objective on Mastercard from $500.00 to $570.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Four equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and a consensus target price of $524.64.

Mastercard Stock Up 1.3 %

Shares of MA stock opened at $514.07 on Thursday. The stock’s 50 day simple moving average is $484.54 and its 200 day simple moving average is $463.60. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $515.40. The company has a market capitalization of $477.89 billion, a price-to-earnings ratio of 40.86, a PEG ratio of 2.22 and a beta of 1.10.

Mastercard (NYSE:MA) last issued 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 company had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. As a group, research analysts predict that Mastercard Incorporated will post 14.3 EPS for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio is currently 20.99%.

Insiders Place Their Bets

In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction that occurred on Monday, August 5th. The stock was 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 of the company’s stock, valued at $12,423,320. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the sale, the chief financial officer now directly owns 27,304 shares in the company, valued at approximately $12,423,320. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 109,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $467.45, for a total value of $50,952,050.00. Following the sale, the insider now owns 91,924,308 shares in the company, valued at approximately $42,970,017,774.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 340,809 shares of company stock valued at $159,610,703 in the last three months. Company insiders own 0.10% of the company’s stock.

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.