Mastercard Incorporated (NYSE:MA) Shares Bought by Barden Capital Management Inc.

Barden Capital Management Inc. lifted its position in shares of Mastercard Incorporated (NYSE:MA) by 1.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,971 shares of the credit services provider’s stock after acquiring an additional 66 shares during the quarter. Mastercard accounts for approximately 1.7% of Barden Capital Management Inc.’s portfolio, making the stock its 19th largest holding. Barden Capital Management Inc.’s holdings in Mastercard were worth $1,961,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Palisade Asset Management LLC purchased a new position in shares of Mastercard in the 1st quarter valued at about $27,000. Strategic Investment Solutions Inc. IL acquired a new position in Mastercard during the second quarter worth about $34,000. Fairway Wealth LLC purchased a new position in Mastercard in the second quarter valued at about $35,000. Lowe Wealth Advisors LLC lifted its position in shares of Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after acquiring an additional 37 shares during the period. Finally, Steph & Co. purchased a new stake in shares of Mastercard during the 1st quarter worth approximately $43,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on MA shares. Compass Point began coverage on Mastercard in a report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price objective for the company. Citigroup upped their target price on Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Royal Bank of Canada raised their price target on Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. TD Cowen increased their price objective on Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, William Blair raised shares of Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Four analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and a consensus price target of $524.64.

Mastercard Stock Up 0.5 %

Shares of NYSE MA opened at $516.34 on Monday. The stock has a fifty day moving average price of $486.90 and a 200 day moving average price of $464.01. 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 12-month low of $359.77 and a 12-month high of $518.00. The company has a market cap of $480.00 billion, a P/E ratio of 41.04, a P/E/G ratio of 2.22 and a beta of 1.10.

Mastercard (NYSE:MA) last released 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 firm had revenue of $6.96 billion for 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%. Research analysts anticipate that Mastercard Incorporated will post 14.3 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently declared 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. This represents a $2.64 annualized dividend and a yield of 0.51%. The ex-dividend date is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is 20.99%.

Insiders Place Their Bets

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

Mastercard Company 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.