Sivia Capital Partners LLC Raises Holdings in Mastercard Incorporated (NYSE:MA)

Sivia Capital Partners LLC grew its position in shares of Mastercard Incorporated (NYSE:MA) by 10.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,861 shares of the credit services provider’s stock after purchasing an additional 175 shares during the period. Sivia Capital Partners LLC’s holdings in Mastercard were worth $919,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Westend Capital Management LLC purchased a new position in Mastercard in the first quarter worth about $27,000. Palisade Asset Management LLC purchased a new position in shares of Mastercard during the first quarter valued at approximately $27,000. Scarborough Advisors LLC purchased a new position in shares of Mastercard during the fourth quarter valued at approximately $28,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Mastercard during the second quarter valued at approximately $34,000. Finally, Fairway Wealth LLC purchased a new position in shares of Mastercard during the second quarter valued at approximately $35,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the subject of several recent analyst reports. BNP Paribas lowered Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price for the company. in a research report on Tuesday, September 3rd. Evercore ISI dropped their target price on Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. BMO Capital Markets restated an “outperform” rating and set a $520.00 target price on shares of Mastercard in a research report on Wednesday, August 14th. TD Cowen boosted their target price on Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, William Blair upgraded Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and a consensus target price of $523.27.

Insider Transactions at Mastercard

In other news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction on 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 sale, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. 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 available through this hyperlink. In other news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction on 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 sale, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. 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 available through this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s 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 sale, the chief marketing officer now directly 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 340,809 shares of company stock valued at $159,610,703. Corporate insiders own 0.10% of the company’s stock.

Mastercard Stock Up 1.2 %

NYSE:MA traded up $6.04 during trading hours on Monday, reaching $508.30. The company’s stock had a trading volume of 607,440 shares, compared to its average volume of 2,430,654. The company has a market capitalization of $472.52 billion, a P/E ratio of 40.25, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $508.58. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. The stock 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 issued its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.51 by $0.08. The business had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. Equities analysts predict that Mastercard Incorporated will post 14.3 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Wednesday, October 9th. Mastercard’s payout ratio is presently 20.99%.

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.