3,979 Mastercard Incorporated $MA Shares Purchased by Walter Public Investments Inc.

Walter Public Investments Inc. raised its holdings in shares of Mastercard Incorporated (NYSE:MA) by 26.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,894 shares of the credit services provider’s stock after purchasing an additional 3,979 shares during the period. Mastercard comprises about 2.5% of Walter Public Investments Inc.’s portfolio, making the stock its 12th largest holding. Walter Public Investments Inc.’s holdings in Mastercard were worth $10,419,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Robinswood Financial LLC acquired a new position in shares of Mastercard in the 1st quarter valued at about $25,000. Next Level Wealth Planning LLC bought a new stake in shares of Mastercard during the 3rd quarter valued at about $31,000. Allied Private Wealth LLC acquired a new stake in Mastercard during the second quarter worth about $34,000. Premier Financial Group acquired a new stake in Mastercard during the second quarter worth about $39,000. Finally, Roxbury Financial LLC raised its stake in Mastercard by 102.6% during the second quarter. Roxbury Financial LLC now owns 79 shares of the credit services provider’s stock worth $40,000 after acquiring an additional 40 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Mastercard

In other news, CFO Ling Hai sold 4,317 shares of Mastercard stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $641.00, for a total transaction of $2,767,197.00. Following the sale, the chief financial officer owned 35,750 shares of the company’s stock, valued at approximately $22,915,750. The trade was a 10.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sachin Mehra sold 3,266 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $584.00, for a total value of $1,907,344.00. Following the transaction, the insider owned 36,650 shares of the company’s stock, valued at approximately $21,403,600. This represents a 8.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 25,403 shares of company stock worth $15,428,736. 0.09% of the stock is owned by company insiders.

Mastercard Stock Up 0.3%

Mastercard stock opened at $660.63 on Thursday. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.01 and a current ratio of 1.01. Mastercard Incorporated has a one year low of $464.52 and a one year high of $681.99. The company has a 50-day simple moving average of $597.33 and a 200-day simple moving average of $541.07. The firm has a market capitalization of $575.52 billion, a P/E ratio of 34.55, a P/E/G ratio of 1.86 and a beta of 0.78.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 29th. The credit services provider reported $5.31 earnings per share for the quarter, beating the consensus estimate of $5.17 by $0.14. The firm had revenue of $9.81 billion for the quarter, compared to the consensus estimate of $9.66 billion. Mastercard had a net margin of 46.73% and a return on equity of 260.86%. Mastercard’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period last year, the firm posted $4.38 EPS. As a group, equities analysts expect that Mastercard Incorporated will post 20.00 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 9th. Shareholders of record on Friday, October 9th were given a $0.87 dividend. The ex-dividend date was Friday, October 9th. This represents a $3.48 annualized dividend and a yield of 0.5%. Mastercard’s dividend payout ratio is 18.20%.

Wall Street Analyst Weigh In

A number of brokerages have commented on MA. Royal Bank Of Canada lifted their target price on Mastercard from $696.00 to $742.00 and gave the company an “outperform” rating in a research note on Friday, October 30th. Argus upped their target price on Mastercard from $640.00 to $694.00 and gave the company a “buy” rating in a report on Friday, October 30th. Citigroup increased their price target on Mastercard from $675.00 to $800.00 and gave the stock a “buy” rating in a research report on Tuesday. Piper Sandler raised their price target on Mastercard from $597.00 to $710.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Finally, Cantor Fitzgerald boosted their price objective on Mastercard from $695.00 to $765.00 and gave the company an “overweight” rating in a research report on Friday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $713.21.

Key Mastercard News

Here’s some of the latest news about MA:

• Positive Sentiment: Citigroup increased its target to $800 from $675 and maintained a “buy” rating, adding to the recent bullish analyst view. Read more about Citigroup’s price target
• Positive Sentiment: Other partnerships broaden Mastercard’s business-banking reach, including a BMO commercial card in Canada and Citizens’ treasury-management collaboration using Mastercard technology. Read about Mastercard’s business-banking partnerships
• Neutral Sentiment: Mastercard CEO Michael Miebach highlighted cybersecurity threats to financial infrastructure. The comments underscore an ongoing operational risk but did not describe a specific incident or financial impact. Watch the CEO’s cybersecurity comments

Mastercard Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, merchants, financial institutions, businesses and governments. Its network supports electronic payments, including transactions made with Mastercard-branded credit, debit and prepaid cards, as well as digital payment methods. The company provides technology for authorizing, clearing and settling transactions. It also offers services related to cybersecurity, identity verification, data analytics, fraud prevention and payment consulting.