Accelerate Investment Advisors LLC Purchases New Shares in Mastercard Incorporated (NYSE:MA)

Accelerate Investment Advisors LLC purchased a new stake in Mastercard Incorporated (NYSE:MA) in the 3rd quarter, HoldingsChannel reports. The fund purchased 425 shares of the credit services provider’s stock, valued at approximately $210,000.

Other hedge funds also recently modified their holdings of the company. Westend Capital Management LLC acquired a new position in shares of Mastercard in the first quarter worth $27,000. Palisade Asset Management LLC acquired a new position in Mastercard in the 1st quarter worth about $27,000. Scarborough Advisors LLC purchased a new stake in shares of Mastercard during the 4th quarter worth about $28,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Mastercard during the 2nd quarter valued at about $34,000. Finally, Fairway Wealth LLC bought a new stake in shares of Mastercard in the 2nd quarter valued at approximately $35,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of NYSE:MA opened at $502.26 on Monday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $502.92. The stock has a market capitalization of $466.91 billion, a P/E ratio of 39.93, a P/E/G ratio of 2.22 and a beta of 1.10. The business has a 50-day moving average price of $480.78 and a two-hundred day moving average price of $462.88.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.08. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The business had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.85 billion. Equities analysts predict that Mastercard Incorporated will post 14.3 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be paid a dividend of $0.66 per share. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.53%. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Insider Activity at Mastercard

In related news, major shareholder Foundation Mastercard sold 119,000 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the sale, the insider now owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, 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 completion of the transaction, the chief marketing officer now owns 17,118 shares in the company, valued at approximately $8,440,885.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 119,000 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $468.46, for a total value of $55,746,740.00. Following the sale, the insider now owns 92,033,308 shares in the company, valued at $43,113,923,465.68. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 340,809 shares of company stock worth $159,610,703. 0.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have issued reports on MA shares. Argus upgraded shares of Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. William Blair raised shares of Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Barclays boosted their price target on Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research report on Thursday. JPMorgan Chase & Co. increased their price objective on Mastercard from $500.00 to $570.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Finally, KeyCorp boosted their target price on Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Four analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and a consensus price target of $523.27.

Mastercard Profile

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.