Peterson Wealth Management Sells 37 Shares of Mastercard Incorporated (NYSE:MA)

Peterson Wealth Management trimmed its position in shares of Mastercard Incorporated (NYSE:MA) by 0.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,771 shares of the credit services provider’s stock after selling 37 shares during the period. Mastercard comprises 3.4% of Peterson Wealth Management’s portfolio, making the stock its 11th largest position. Peterson Wealth Management’s holdings in Mastercard were worth $5,319,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MA. Sarasin & Partners LLP increased its position in Mastercard by 4.7% during the 3rd quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider’s stock valued at $410,813,000 after purchasing an additional 37,486 shares during the period. Principal Financial Group Inc. increased its position in shares of Mastercard by 4.8% during the third 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 buying an additional 138,842 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Mastercard by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider’s stock worth $2,474,151,000 after buying an additional 100,550 shares in the last quarter. SteelPeak Wealth LLC lifted its holdings in Mastercard by 48.6% in the second quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock worth $2,174,000 after buying an additional 1,612 shares during the period. Finally, OMC Financial Services LTD bought a new stake in Mastercard during the 1st quarter valued at approximately $17,854,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Stock Up 0.7 %

Shares of Mastercard stock opened at $532.38 on Friday. Mastercard Incorporated has a twelve month low of $404.32 and a twelve month 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’s 50 day moving average is $509.57 and its 200 day moving average is $475.63. The company has a market cap of $488.63 billion, a price-to-earnings ratio of 40.27, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share 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 for the quarter, compared to analysts’ expectations of $7.27 billion. During the same period in the prior year, the firm earned $3.39 EPS. The company’s revenue was up 12.8% compared to the same quarter last year. Research analysts anticipate 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. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.50%. Mastercard’s dividend payout ratio is currently 19.97%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. BMO Capital Markets increased their target price on Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. KeyCorp raised their price objective on Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. reduced their target price on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Mizuho increased their price target on shares of Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Barclays boosted their price objective on shares of Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Four research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $549.16.

Insider Activity

In other 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 value 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 transaction was disclosed in a document filed with the SEC, which is available at this link. 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.