Accent Capital Management LLC Buys 102 Shares of Mastercard Incorporated (NYSE:MA)

Accent Capital Management LLC lifted its stake in Mastercard Incorporated (NYSE:MA) by 1.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,720 shares of the credit services provider’s stock after buying an additional 102 shares during the quarter. Mastercard comprises 1.9% of Accent Capital Management LLC’s portfolio, making the stock its 11th biggest holding. Accent Capital Management LLC’s holdings in Mastercard were worth $3,319,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in MA. Sarasin & Partners LLP raised its holdings in Mastercard by 4.7% during the third quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider’s stock valued at $410,813,000 after acquiring an additional 37,486 shares during the period. Principal Financial Group Inc. raised its stake in Mastercard by 4.8% during the 3rd quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider’s stock valued at $1,497,160,000 after purchasing an additional 138,842 shares during the period. Coppell Advisory Solutions Corp. purchased a new position in Mastercard in the 1st quarter worth approximately $608,000. SteelPeak Wealth LLC boosted its stake in Mastercard by 48.6% in the 2nd quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock worth $2,174,000 after purchasing an additional 1,612 shares during the period. Finally, OMC Financial Services LTD bought a new stake in shares of Mastercard during the first quarter valued at approximately $17,854,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction 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 $7,363,085.66. This represents a 23.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction dated 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 directly owns 91,924,308 shares in the company, valued at approximately $42,970,017,774.60. The trade was a 0.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 208,370 shares of company stock valued at $97,749,218 over the last three months. 0.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on MA shares. Citigroup upped their target price on shares of Mastercard from $566.00 to $572.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. dropped their price objective on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a report on Friday, November 1st. TD Cowen lifted their target price on Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a report on Friday. William Blair raised Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Finally, Morgan Stanley lifted their price objective on Mastercard from $544.00 to $564.00 and gave the stock an “overweight” rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $549.16.

Mastercard Trading Up 0.3 %

Shares of MA opened at $521.89 on Friday. The firm has a market capitalization of $479.01 billion, a price-to-earnings ratio of 39.48, a PEG 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 Incorporated has a 1-year low of $395.55 and a 1-year high of $534.03. The company has a 50-day moving average of $504.09 and a 200 day moving average of $471.18.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. The firm had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. Mastercard’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.39 earnings per share. On average, research analysts expect that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were paid a dividend of $0.66 per share. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.51%. Mastercard’s dividend payout ratio is currently 19.97%.

About Mastercard

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.