Mastercard Incorporated (NYSE:MA) Shares Bought by First Long Island Investors LLC

First Long Island Investors LLC increased its holdings in Mastercard Incorporated (NYSE:MA) by 3.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 70,055 shares of the credit services provider’s stock after purchasing an additional 2,090 shares during the quarter. Mastercard accounts for about 2.7% of First Long Island Investors LLC’s holdings, making the stock its 11th largest holding. First Long Island Investors LLC’s holdings in Mastercard were worth $34,593,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Highline Wealth Partners LLC acquired a new stake in shares of Mastercard during the 3rd quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Mastercard in the second quarter valued at $34,000. Fairway Wealth LLC purchased a new stake in Mastercard during the second quarter worth about $35,000. First Personal Financial Services purchased a new position in shares of Mastercard in the third quarter valued at approximately $39,000. Finally, Lowe Wealth Advisors LLC increased its stake in Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after buying an additional 37 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Up 0.1 %

NYSE:MA traded up $0.66 during trading hours on Friday, hitting $521.06. The stock had a trading volume of 683,532 shares, compared to its average volume of 2,443,630. The company has a market cap of $478.24 billion, a PE ratio of 39.53, a price-to-earnings-growth ratio of 2.28 and a beta of 1.10. The business has a 50 day simple moving average of $503.18 and a two-hundred day simple moving average of $470.59. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a 1-year low of $395.55 and a 1-year high of $534.03.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. The company had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period last year, the firm posted $3.39 EPS. Analysts predict that Mastercard Incorporated will post 14.45 EPS for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Wednesday, October 9th. Mastercard’s payout ratio is 19.97%.

Insider Activity

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the completion of the sale, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at $8,440,885.80. This trade represents a 21.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Foundation Mastercard sold 109,000 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $467.45, for a total value of $50,952,050.00. Following the sale, the insider now owns 91,924,308 shares in the company, valued at approximately $42,970,017,774.60. The trade was a 0.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 208,370 shares of company stock valued at $97,749,218. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Susquehanna boosted their target price on shares of Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Macquarie lifted their target price on Mastercard from $505.00 to $565.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their price objective on Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a report on Friday, November 1st. Citigroup boosted their target price on shares of Mastercard from $566.00 to $572.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, Piper Sandler reissued an “overweight” rating and issued a $575.00 target price (up previously from $565.00) on shares of Mastercard in a report on Friday. Four equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $547.80.

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.