Mastercard Incorporated (NYSE:MA) Shares Bought by Oldfather Financial Services LLC

Oldfather Financial Services LLC raised its stake in Mastercard Incorporated (NYSE:MA) by 2.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 827 shares of the credit services provider’s stock after purchasing an additional 21 shares during the period. Oldfather Financial Services LLC’s holdings in Mastercard were worth $408,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Catalyst Financial Partners LLC increased its position in shares of Mastercard by 4.0% in the 3rd quarter. Catalyst Financial Partners LLC now owns 3,173 shares of the credit services provider’s stock worth $1,567,000 after purchasing an additional 121 shares during the last quarter. Goldstone Financial Group LLC acquired a new position in shares of Mastercard in the 3rd quarter valued at about $2,554,000. Financial Advocates Investment Management boosted its holdings in shares of Mastercard by 2.0% in the 3rd quarter. Financial Advocates Investment Management now owns 6,508 shares of the credit services provider’s stock valued at $3,214,000 after buying an additional 129 shares during the period. Cornerstone Wealth Group LLC boosted its holdings in shares of Mastercard by 5.3% in the 3rd quarter. Cornerstone Wealth Group LLC now owns 5,678 shares of the credit services provider’s stock valued at $2,804,000 after buying an additional 286 shares during the period. Finally, Hudson Valley Investment Advisors Inc. ADV boosted its holdings in shares of Mastercard by 3.6% in the 3rd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 1,084 shares of the credit services provider’s stock valued at $535,000 after buying an additional 38 shares during the period. Institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction that occurred 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 sale, the chief marketing officer now directly owns 15,031 shares in the company, valued at $7,363,085.66. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, major shareholder Foundation Mastercard sold 90,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total value of $42,192,000.00. Following the sale, the insider now directly owns 91,649,308 shares in the company, valued at $42,965,195,590.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the sale, the chief marketing officer now owns 15,031 shares in the company, valued at $7,363,085.66. This 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 worth $159,610,703 in the last ninety days. 0.10% of the stock is currently owned by corporate insiders.

Mastercard Price Performance

Shares of NYSE:MA traded up $4.54 during trading on Thursday, reaching $518.23. The company had a trading volume of 363,226 shares, compared to its average volume of 2,419,565. The firm’s fifty day moving average is $494.33 and its 200 day moving average is $466.27. The firm has a market capitalization of $478.76 billion, a PE ratio of 39.29, a price-to-earnings-growth ratio of 2.27 and a beta of 1.10. Mastercard Incorporated has a twelve month low of $373.11 and a twelve month high of $527.54. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14.

Mastercard (NYSE:MA) last issued its quarterly earnings results 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. The company had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.85 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. On average, equities analysts forecast that Mastercard Incorporated will post 14.32 EPS for the current year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be issued 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 0.51%. Mastercard’s payout ratio is currently 20.18%.

Analyst Ratings Changes

Several research analysts have recently commented on MA shares. Bank of America lifted their price target on shares of Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. KeyCorp lifted their price target on shares of Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Susquehanna lifted their price target on shares of Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a report on Thursday, August 1st. William Blair raised shares of Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, Citigroup lifted their price target on shares of Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $525.68.

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.