Infusive Asset Management Inc. Sells 158 Shares of Mastercard Incorporated (NYSE:MA)

Infusive Asset Management Inc. trimmed its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,580 shares of the credit services provider’s stock after selling 158 shares during the period. Mastercard accounts for about 5.0% of Infusive Asset Management Inc.’s holdings, making the stock its 5th largest holding. Infusive Asset Management Inc.’s holdings in Mastercard were worth $12,138,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Goldstein Advisors LLC lifted its holdings in shares of Mastercard by 1.3% in the third quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock valued at $749,000 after buying an additional 20 shares during the period. McLean Asset Management Corp raised its position 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 worth $834,000 after acquiring an additional 21 shares in the last quarter. Oldfather Financial Services LLC lifted its holdings in Mastercard by 2.6% in the 3rd quarter. Oldfather Financial Services LLC now owns 827 shares of the credit services provider’s stock valued at $408,000 after acquiring an additional 21 shares during the last quarter. Transcendent Capital Group LLC boosted its position in shares of Mastercard by 4.8% during the 3rd quarter. Transcendent Capital Group LLC now owns 455 shares of the credit services provider’s stock valued at $225,000 after purchasing an additional 21 shares in the last quarter. Finally, Guerra Pan Advisors LLC grew its stake in shares of Mastercard by 1.7% in the 3rd quarter. Guerra Pan Advisors LLC now owns 1,225 shares of the credit services provider’s stock worth $605,000 after purchasing an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Trading Up 0.7 %

Shares of NYSE:MA opened at $532.38 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 stock has a market capitalization of $488.63 billion, a PE ratio of 40.27, a P/E/G ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a 1 year low of $404.32 and a 1 year high of $534.03. The firm has a fifty day moving average price of $509.57 and a 200 day moving average price of $475.63.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $7.27 billion. During the same period last year, the business posted $3.39 EPS. Mastercard’s revenue was up 12.8% compared to the same quarter last year. Analysts expect that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard Dividend Announcement

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

Insider Buying and Selling

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the 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 transaction, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at $8,440,885.80. This represents a 21.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on MA shares. Macquarie increased their target price on shares of Mastercard from $505.00 to $565.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Citigroup raised their price objective on Mastercard from $566.00 to $572.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Mizuho boosted their target price on Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. William Blair reiterated an “outperform” rating on shares of Mastercard in a research report on Monday. Finally, BNP Paribas downgraded Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective on the stock. in a report on Tuesday, September 3rd. Four investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $549.16.

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.