Martin Investment Management LLC Grows Stock Position in Mastercard Incorporated (NYSE:MA)

Martin Investment Management LLC lifted its position in Mastercard Incorporated (NYSE:MA) by 1.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,191 shares of the credit services provider’s stock after acquiring an additional 439 shares during the quarter. Mastercard accounts for approximately 4.7% of Martin Investment Management LLC’s holdings, making the stock its 9th largest position. Martin Investment Management LLC’s holdings in Mastercard were worth $19,353,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Goldstein Advisors LLC lifted its stake in shares of Mastercard by 1.3% in the 3rd quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock valued at $749,000 after purchasing an additional 20 shares during the period. McLean Asset Management Corp increased its holdings in Mastercard by 1.3% in the third quarter. McLean Asset Management Corp now owns 1,677 shares of the credit services provider’s stock valued at $834,000 after purchasing an additional 21 shares during the last quarter. Oldfather Financial Services LLC lifted its stake in Mastercard by 2.6% in the third quarter. Oldfather Financial Services LLC now owns 827 shares of the credit services provider’s stock valued at $408,000 after buying an additional 21 shares during the period. Quilter Plc boosted its holdings in Mastercard by 2.8% during the second quarter. Quilter Plc now owns 801 shares of the credit services provider’s stock worth $353,000 after buying an additional 22 shares during the last quarter. Finally, Cornerstone Wealth Management LLC grew its position in shares of Mastercard by 0.5% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 4,351 shares of the credit services provider’s stock worth $2,148,000 after buying an additional 22 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction 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 transaction, the chief marketing officer now owns 15,031 shares in the company, valued at approximately $7,363,085.66. 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 accessible through the SEC website. In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the 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 completion of the sale, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 109,000 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the completion of the sale, the insider now directly owns 91,924,308 shares in the company, valued at approximately $42,970,017,774.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 327,370 shares of company stock worth $153,495,958 in the last ninety days. Company insiders own 0.10% of the company’s stock.

Mastercard Stock Performance

NYSE MA opened at $505.58 on Tuesday. The firm’s fifty day moving average price is $496.51 and its two-hundred day moving average price is $467.30. The stock has a market cap of $467.08 billion, a PE ratio of 38.24, a PEG ratio of 2.23 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. Mastercard Incorporated has a fifty-two week low of $384.20 and a fifty-two week high of $527.90.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The business had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. During the same quarter in the previous year, the company posted $3.39 EPS. Mastercard’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, equities analysts expect that Mastercard Incorporated will post 14.4 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently disclosed 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 yield of 0.52%. Mastercard’s dividend payout ratio (DPR) is presently 19.97%.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of analyst reports. Piper Sandler restated an “overweight” rating and set a $565.00 price objective (up previously from $536.00) on shares of Mastercard in a report on Friday. KeyCorp upped their price objective on shares of Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a research report on Friday. Royal Bank of Canada boosted their target price on Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Robert W. Baird increased their target price on Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Finally, Oppenheimer assumed coverage on shares of Mastercard in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $540.17.

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.