Mastercard Incorporated (NYSE:MA) Shares Purchased by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. raised its holdings in Mastercard Incorporated (NYSE:MA) by 1.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 32,475 shares of the credit services provider’s stock after acquiring an additional 615 shares during the period. Mastercard accounts for about 1.2% of Adell Harriman & Carpenter Inc.’s holdings, making the stock its 24th biggest position. Adell Harriman & Carpenter Inc.’s holdings in Mastercard were worth $16,036,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Palisade Asset Management LLC purchased a new position in Mastercard during the first quarter worth approximately $27,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Mastercard in the 2nd quarter worth $34,000. Fairway Wealth LLC purchased a new stake in Mastercard during the second quarter valued at about $35,000. Lowe Wealth Advisors LLC grew its position in Mastercard by 74.0% during the third 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, VitalStone Financial LLC increased its stake in Mastercard by 55.0% during the first quarter. VitalStone Financial LLC now owns 93 shares of the credit services provider’s stock worth $45,000 after acquiring an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Activity

In related news, 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 value of $6,114,745.00. Following the completion of the sale, the chief financial officer now 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 document filed with the SEC, which is available through the SEC website. In related news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction that occurred on 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 sale, the chief financial officer now 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the transaction, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. 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 ninety days, insiders have sold 340,809 shares of company stock valued at $159,610,703. Company insiders own 0.10% of the company’s stock.

Mastercard Price Performance

Shares of MA opened at $506.28 on Wednesday. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $467.72 billion, a P/E ratio of 38.71, a PEG ratio of 2.27 and a beta of 1.10. Mastercard Incorporated has a 12 month low of $364.72 and a 12 month high of $518.82. The stock has a fifty day moving average price of $493.40 and a 200 day moving average price of $465.94.

Mastercard (NYSE:MA) last released its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $6.85 billion. On average, research analysts forecast that Mastercard Incorporated will post 14.32 earnings per share for the current year.

Mastercard Announces Dividend

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 paid a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.52%. Mastercard’s payout ratio is 20.18%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MA. 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. Compass Point started coverage on shares of Mastercard in a research note on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price objective for the company. JPMorgan Chase & Co. upped their price target on shares of Mastercard from $570.00 to $593.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Bank of America raised their price objective on Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. Finally, Robert W. Baird upped their target price on Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, Mastercard has an average rating of “Moderate Buy” and a consensus price target of $525.68.

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.