Mastercard Incorporated (NYSE:MA) Shares Bought by GSG Advisors LLC

GSG Advisors LLC grew its holdings in Mastercard Incorporated (NYSE:MA) by 7.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 760 shares of the credit services provider’s stock after acquiring an additional 52 shares during the quarter. GSG Advisors LLC’s holdings in Mastercard were worth $377,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. China Universal Asset Management Co. Ltd. grew its holdings in shares of Mastercard by 46.4% during the first quarter. China Universal Asset Management Co. Ltd. now owns 14,785 shares of the credit services provider’s stock worth $7,120,000 after purchasing an additional 4,685 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Mastercard during the 1st quarter worth approximately $2,938,000. Allegheny Financial Group LTD acquired a new position in Mastercard during the first quarter worth approximately $209,000. Choate Investment Advisors lifted its stake in Mastercard by 32.4% in the first quarter. Choate Investment Advisors now owns 30,000 shares of the credit services provider’s stock valued at $14,447,000 after buying an additional 7,334 shares during the last quarter. Finally, NorthRock Partners LLC boosted its holdings in shares of Mastercard by 8.9% in the first quarter. NorthRock Partners LLC now owns 7,477 shares of the credit services provider’s stock valued at $3,601,000 after acquiring an additional 612 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling

In other Mastercard news, major shareholder Foundation Mastercard sold 119,000 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 92,033,308 shares in the company, valued at approximately $43,113,923,465.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the sale, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at $8,440,885.80. 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, major shareholder Foundation Mastercard sold 119,000 shares of the 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 transaction, the insider now owns 92,033,308 shares in the company, valued at $43,113,923,465.68. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 327,370 shares of company stock worth $153,495,958. 0.10% of the stock is owned by corporate insiders.

Mastercard Stock Performance

NYSE:MA opened at $524.76 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. The company has a market capitalization of $481.64 billion, a P/E ratio of 39.69, a price-to-earnings-growth ratio of 2.28 and a beta of 1.10. The firm has a 50-day moving average price of $499.68 and a two-hundred day moving average price of $468.84. Mastercard Incorporated has a twelve month low of $386.74 and a twelve month high of $528.84.

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 net margin of 45.26% and a return on equity of 178.27%. The business had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same period last year, the company posted $3.39 EPS. The company’s revenue was up 12.8% on a year-over-year basis. As a group, research analysts expect that Mastercard Incorporated will post 14.45 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were given a $0.66 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.50%. Mastercard’s dividend payout ratio is currently 19.97%.

Analyst Upgrades and Downgrades

MA has been the subject of several research reports. KeyCorp upped their price target on shares of Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. BNP Paribas downgraded shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price for the company. in a research note on Tuesday, September 3rd. Piper Sandler reissued an “overweight” rating and set a $565.00 price target (up previously from $536.00) on shares of Mastercard in a report on Friday, November 1st. Robert W. Baird upped their price objective on Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, Royal Bank of Canada lifted 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. Four analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $540.17.

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.