Garden State Investment Advisory Services LLC Grows Position in Mastercard Incorporated (NYSE:MA)

Garden State Investment Advisory Services LLC increased its position in Mastercard Incorporated (NYSE:MA) by 5.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 655 shares of the credit services provider’s stock after purchasing an additional 31 shares during the quarter. Garden State Investment Advisory Services LLC’s holdings in Mastercard were worth $324,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in MA. International Assets Investment Management LLC raised its stake in Mastercard by 120,665.3% during the third quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock valued at $3,971,020,000 after buying an additional 8,035,099 shares during the last quarter. Bank of Montreal Can raised its stake in Mastercard by 51.7% during the third quarter. Bank of Montreal Can now owns 5,765,714 shares of the credit services provider’s stock valued at $2,846,187,000 after buying an additional 1,965,782 shares during the last quarter. PineStone Asset Management Inc. raised its stake in shares of Mastercard by 145.6% in the second quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock worth $784,148,000 after purchasing an additional 1,053,616 shares during the last quarter. FMR LLC raised its stake in shares of Mastercard by 3.4% in the third quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock worth $10,545,139,000 after purchasing an additional 700,769 shares during the last quarter. Finally, Manning & Napier Advisors LLC purchased a new position in shares of Mastercard in the second quarter worth $259,071,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

NYSE:MA opened at $531.08 on Tuesday. The stock has a 50-day simple moving average of $510.37 and a two-hundred day simple moving average of $476.43. Mastercard Incorporated has a 52-week low of $404.32 and a 52-week high of $535.77. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market capitalization of $487.44 billion, a PE ratio of 40.17, a P/E/G ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping 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%. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.39 earnings per share. Analysts forecast that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is 19.97%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. BMO Capital Markets boosted their price target on Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Susquehanna boosted their price target on Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Royal Bank of Canada restated an “outperform” rating and issued a $572.00 price target on shares of Mastercard in a research note on Thursday, November 14th. Mizuho boosted their price target on Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, BNP Paribas cut Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target for the company. in a research note on Tuesday, September 3rd. Four investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $549.16.

Insider Transactions at Mastercard

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction dated 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 sale, the chief marketing officer now directly owns 15,031 shares in the company, valued at approximately $7,363,085.66. The trade was a 23.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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.