Mastercard Incorporated (NYSE:MA) Shares Bought by Stratos Investment Management LLC

Stratos Investment Management LLC grew its stake in Mastercard Incorporated (NYSE:MA) by 41.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,328 shares of the credit services provider’s stock after buying an additional 5,915 shares during the period. Stratos Investment Management LLC’s holdings in Mastercard were worth $10,038,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Westend Capital Management LLC acquired a new position in Mastercard in the first quarter valued at $27,000. Palisade Asset Management LLC acquired a new position in Mastercard in the 1st quarter valued at about $27,000. Strategic Investment Solutions Inc. IL purchased a new stake in Mastercard during the 2nd quarter valued at approximately $34,000. Fairway Wealth LLC acquired a new stake in Mastercard during the 2nd quarter worth approximately $35,000. Finally, Steph & Co. acquired a new stake in Mastercard during the 1st quarter worth approximately $43,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

NYSE:MA opened at $516.45 on Friday. Mastercard Incorporated has a 12-month low of $359.77 and a 12-month high of $518.00. The company’s 50-day moving average is $486.90 and its two-hundred day moving average is $464.21. The firm has a market cap of $480.10 billion, a price-to-earnings ratio of 41.05, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10. 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 (NYSE:MA) last released its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, beating the consensus estimate of $3.51 by $0.08. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The firm had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.85 billion. Research analysts expect that Mastercard Incorporated will post 14.3 EPS for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be issued a dividend of $0.66 per share. The ex-dividend date 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 20.99%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Evercore ISI cut their price target on Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. Piper Sandler upped their price objective on shares of Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. BNP Paribas downgraded 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. Citigroup increased their price target on shares of Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, KeyCorp lifted their price objective on Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $524.64.

Insiders Place Their Bets

In other news, major shareholder Foundation Mastercard sold 119,000 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the completion of the sale, the insider now owns 92,033,308 shares in the company, valued at approximately $43,113,923,465.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Foundation Mastercard sold 119,000 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $468.46, for a total value of $55,746,740.00. Following the completion of the sale, the insider now owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO J. Mehra Sachin sold 13,439 shares of the 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 sale, the chief financial officer now directly 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 sold 340,809 shares of company stock worth $159,610,703 over the last three months. 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.