Mastercard Incorporated (NYSE:MA) Shares Bought by Caprock Group LLC

Caprock Group LLC grew its stake in Mastercard Incorporated (NYSE:MA) by 2.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,632 shares of the credit services provider’s stock after purchasing an additional 543 shares during the period. Caprock Group LLC’s holdings in Mastercard were worth $12,658,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Pathstone Holdings LLC raised its holdings in Mastercard by 2.7% during the third quarter. Pathstone Holdings LLC now owns 150,244 shares of the credit services provider’s stock worth $74,190,000 after purchasing an additional 3,913 shares in the last quarter. St. Louis Trust Co acquired a new position in Mastercard during the 3rd quarter worth approximately $202,000. Aviance Capital Partners LLC raised its stake in shares of Mastercard by 0.5% during the 3rd quarter. Aviance Capital Partners LLC now owns 10,227 shares of the credit services provider’s stock worth $5,050,000 after buying an additional 50 shares in the last quarter. Baron Wealth Management LLC lifted its holdings in shares of Mastercard by 42.8% in the 3rd quarter. Baron Wealth Management LLC now owns 938 shares of the credit services provider’s stock valued at $463,000 after buying an additional 281 shares during the period. Finally, OneAscent Wealth Management LLC boosted its stake in shares of Mastercard by 3.7% in the third quarter. OneAscent Wealth Management LLC now owns 1,701 shares of the credit services provider’s stock valued at $840,000 after buying an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

MA opened at $521.63 on Tuesday. The company has a 50 day moving average of $504.78 and a two-hundred day moving average of $471.95. Mastercard Incorporated has a 52-week low of $398.26 and a 52-week high of $534.03. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. The company has a market cap of $478.77 billion, a P/E ratio of 39.46, a P/E/G ratio of 2.32 and a beta of 1.10.

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 the consensus estimate of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The firm had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. During the same period in the prior year, the firm earned $3.39 EPS. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, analysts expect that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Announces Dividend

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

Analyst Ratings Changes

A number of research firms have recently weighed in on MA. Deutsche Bank Aktiengesellschaft upped their price target on shares of Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Bank of America raised their price objective on Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. KeyCorp boosted their target price on Mastercard from $515.00 to $580.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Mizuho raised their price target on Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Macquarie boosted their price objective on shares of Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Four research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and a consensus target price of $549.16.

Insider Buying and Selling

In related news, major shareholder Foundation Mastercard sold 90,000 shares of Mastercard 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 sale, the insider now owns 91,649,308 shares in the company, valued at approximately $42,965,195,590.40. The trade was a 0.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the 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 transaction, the chief marketing officer now owns 17,118 shares in the company, valued at $8,440,885.80. This trade represents a 21.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 99,370 shares of company stock valued at $46,797,168 in the last quarter. Company insiders own 0.10% of the company’s stock.

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.