Childress Capital Advisors LLC Has $1.20 Million Stake in Mastercard Incorporated (NYSE:MA)

Childress Capital Advisors LLC grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 7.6% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 2,421 shares of the credit services provider’s stock after buying an additional 171 shares during the period. Childress Capital Advisors LLC’s holdings in Mastercard were worth $1,196,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. First Trust Direct Indexing L.P. grew its holdings in shares of Mastercard by 14.2% during the 1st quarter. First Trust Direct Indexing L.P. now owns 20,552 shares of the credit services provider’s stock worth $9,897,000 after purchasing an additional 2,556 shares in the last quarter. Coppell Advisory Solutions Corp. bought a new stake in Mastercard in the 1st quarter valued at $608,000. SteelPeak Wealth LLC raised its stake in shares of Mastercard by 48.6% in the 2nd quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock valued at $2,174,000 after buying an additional 1,612 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Mastercard during the 1st quarter worth about $2,938,000. Finally, OMC Financial Services LTD acquired a new stake in shares of Mastercard during the 1st quarter valued at about $17,854,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Down 0.4 %

Shares of NYSE MA opened at $506.28 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. The firm has a market capitalization of $467.72 billion, a PE ratio of 38.71, a price-to-earnings-growth ratio of 2.27 and a beta of 1.10. The firm’s 50-day moving average is $493.40 and its 200-day moving average is $465.94. Mastercard Incorporated has a 1 year low of $364.72 and a 1 year high of $518.82.

Mastercard (NYSE:MA) last released its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS 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 firm had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.85 billion. Equities analysts expect that Mastercard Incorporated will post 14.32 EPS for the current year.

Mastercard Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 0.52%. Mastercard’s dividend payout ratio (DPR) is presently 20.18%.

Analysts Set New Price Targets

Several research analysts recently issued reports on MA shares. Royal Bank of Canada increased their price target on shares of Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. 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. Citigroup boosted their price target on Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Susquehanna lifted their price objective on Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a report on Thursday, August 1st. Finally, BNP Paribas lowered shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price on the stock. in a report on Tuesday, September 3rd. Four investment 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $525.68.

Insider Buying and Selling

In other news, major shareholder Foundation Mastercard sold 119,000 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $468.46, for a total value of $55,746,740.00. Following the completion of the transaction, the insider now owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Mastercard news, major shareholder Foundation Mastercard sold 119,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the sale, the insider now directly owns 92,033,308 shares in the company, 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 is accessible through this link. Also, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 27,304 shares of the company’s stock, valued at $12,423,320. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 340,809 shares of company stock valued at $159,610,703 in the last 90 days. 0.10% of the stock is owned by 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.