Code Waechter LLC Takes $447,000 Position in Mastercard Incorporated (NYSE:MA)

Code Waechter LLC bought a new position in shares of Mastercard Incorporated (NYSE:MA) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 905 shares of the credit services provider’s stock, valued at approximately $447,000.

Several other hedge funds have also recently added to or reduced their stakes in MA. Westend Capital Management LLC acquired a new stake in shares of Mastercard in the 1st quarter valued at approximately $27,000. Palisade Asset Management LLC purchased a new stake in shares of Mastercard during the 1st quarter worth $27,000. Scarborough Advisors LLC acquired a new position in shares of Mastercard during the 4th quarter worth $28,000. Beaird Harris Wealth Management LLC purchased a new position in shares of Mastercard in the 4th quarter valued at about $30,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Mastercard in the second quarter valued at about $34,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Trading Up 0.9 %

Shares of MA stock traded up $4.24 on Friday, reaching $502.26. 1,920,085 shares of the stock were exchanged, compared to its average volume of 2,439,908. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. The stock has a market cap of $464.01 billion, a P/E ratio of 38.40, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10. The firm has a 50 day moving average of $480.78 and a two-hundred day moving average of $463.08. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $502.92.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, topping the consensus estimate of $3.51 by $0.08. The company had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. On average, research analysts anticipate that Mastercard Incorporated will post 14.3 EPS for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio is presently 20.18%.

Analyst Ratings Changes

A number of brokerages have issued reports on MA. KeyCorp increased their target price on shares of Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Royal Bank of Canada lifted their price objective on Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. upped their target price on Mastercard from $500.00 to $570.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Bank of America lifted their price target on Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 17th. Finally, William Blair raised shares of Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Five research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $518.96.

Insider Buying and Selling at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at $8,440,885.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on Friday, September 13th. The shares were sold at an average price of $493.10, for a total value 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. The trade was a 0.00 % 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, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the sale, the chief financial officer now owns 27,304 shares in the company, valued at approximately $12,423,320. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 340,809 shares of company stock valued at $159,610,703 over the last 90 days. 0.10% of the stock is owned by corporate insiders.

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.