Foster & Motley Inc. Has $552,000 Stock Holdings in Mastercard Incorporated (NYSE:MA)

Foster & Motley Inc. reduced its stake in Mastercard Incorporated (NYSE:MA) by 5.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,118 shares of the credit services provider’s stock after selling 68 shares during the quarter. Foster & Motley Inc.’s holdings in Mastercard were worth $552,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MA. Highline Wealth Partners LLC bought a new position in Mastercard during the third quarter worth $25,000. Strategic Investment Solutions Inc. IL acquired a new stake in Mastercard during the 2nd quarter worth about $34,000. Fairway Wealth LLC bought a new position in shares of Mastercard in the 2nd quarter worth about $35,000. Lowe Wealth Advisors LLC lifted its stake in shares of Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after purchasing an additional 37 shares during the period. Finally, Valley Wealth Managers Inc. boosted its position in shares of Mastercard by 1,166.7% during the 2nd quarter. Valley Wealth Managers Inc. now owns 114 shares of the credit services provider’s stock valued at $50,000 after purchasing an additional 105 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Trading Down 0.6 %

Shares of MA stock opened at $517.88 on Friday. Mastercard Incorporated has a 12-month low of $386.74 and a 12-month high of $527.90. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. The company has a 50 day moving average of $498.11 and a 200-day moving average of $468.02. The firm has a market cap of $478.44 billion, a P/E ratio of 39.17, a PEG ratio of 2.21 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter in the prior year, the firm earned $3.39 EPS. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. Sell-side analysts anticipate that Mastercard Incorporated will post 14.45 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.51%. The ex-dividend date is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is currently 19.97%.

Insider Activity at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 109,000 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the sale, the insider now owns 91,924,308 shares of the company’s stock, valued at $42,970,017,774.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, major shareholder Foundation Mastercard sold 109,000 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $467.45, for a total value of $50,952,050.00. Following the sale, the insider now directly owns 91,924,308 shares of the company’s stock, valued at approximately $42,970,017,774.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the transaction, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 327,370 shares of company stock worth $153,495,958. 0.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

MA has been the topic of several research analyst reports. JPMorgan Chase & Co. cut their target price on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their price objective on Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Royal Bank of Canada upped their target price on Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Compass Point began coverage on shares of Mastercard in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price target for the company. Finally, Macquarie upped their price objective on shares of Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average 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.