Bridges Investment Management Inc. Sells 1,651 Shares of Mastercard Incorporated (NYSE:MA)

Bridges Investment Management Inc. reduced its position in Mastercard Incorporated (NYSE:MA) by 0.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 412,163 shares of the credit services provider’s stock after selling 1,651 shares during the period. Mastercard comprises 2.8% of Bridges Investment Management Inc.’s holdings, making the stock its 7th largest position. Bridges Investment Management Inc.’s holdings in Mastercard were worth $203,526,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Goldstein Advisors LLC increased its stake in Mastercard by 1.3% in the third quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock valued at $749,000 after acquiring an additional 20 shares during the last quarter. McLean Asset Management Corp lifted its position in Mastercard by 1.3% in the 3rd quarter. McLean Asset Management Corp now owns 1,677 shares of the credit services provider’s stock worth $834,000 after buying an additional 21 shares during the last quarter. Oldfather Financial Services LLC boosted its stake in Mastercard by 2.6% in the third quarter. Oldfather Financial Services LLC now owns 827 shares of the credit services provider’s stock worth $408,000 after buying an additional 21 shares in the last quarter. Quilter Plc grew its holdings in shares of Mastercard by 2.8% during the 2nd quarter. Quilter Plc now owns 801 shares of the credit services provider’s stock valued at $353,000 after purchasing an additional 22 shares during the last quarter. Finally, Cornerstone Wealth Management LLC increased its stake in Mastercard by 0.5% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 4,351 shares of the credit services provider’s stock worth $2,148,000 after purchasing an additional 22 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In related news, 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Foundation Mastercard sold 90,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total value of $42,192,000.00. Following the completion of the transaction, the insider now directly owns 91,649,308 shares of the company’s stock, valued at approximately $42,965,195,590.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the company’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 sale, the chief marketing officer now directly owns 17,118 shares in the company, valued at approximately $8,440,885.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 327,370 shares of company stock valued at $153,495,958 over the last ninety days. 0.10% of the stock is currently owned by company insiders.

Mastercard Stock Up 1.3 %

MA stock opened at $524.67 on Friday. Mastercard Incorporated has a 1-year low of $386.74 and a 1-year high of $528.84. The business has a fifty day moving average price of $499.68 and a 200-day moving average price of $468.84. The stock has a market capitalization of $481.56 billion, a P/E ratio of 39.69, a P/E/G ratio of 2.28 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $7.27 billion. During the same quarter in the prior year, the firm earned $3.39 earnings per share. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. Equities analysts forecast that Mastercard Incorporated will post 14.45 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.50%. Mastercard’s payout ratio is currently 19.97%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MA. JPMorgan Chase & Co. dropped their price objective on Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. BMO Capital Markets reissued an “outperform” rating and set a $520.00 price target on shares of Mastercard in a research report on Wednesday, August 14th. Morgan Stanley boosted their price objective on shares of Mastercard from $540.00 to $544.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. KeyCorp increased their target price on shares of Mastercard from $515.00 to $580.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Finally, Citigroup boosted their price target on Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a report on Monday, November 4th. Four equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $540.17.

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.