Rossmore Private Capital Has $7.24 Million Position in Mastercard Incorporated (NYSE:MA)

Rossmore Private Capital lifted its position in shares of Mastercard Incorporated (NYSE:MA) by 1.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,656 shares of the credit services provider’s stock after buying an additional 155 shares during the quarter. Rossmore Private Capital’s holdings in Mastercard were worth $7,237,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Simmons Bank lifted its stake in shares of Mastercard by 3.2% in the third quarter. Simmons Bank now owns 6,679 shares of the credit services provider’s stock valued at $3,298,000 after buying an additional 205 shares in the last quarter. Empower Advisory Group LLC increased its position in shares of Mastercard by 2.0% during the third quarter. Empower Advisory Group LLC now owns 419,029 shares of the credit services provider’s stock valued at $206,916,000 after acquiring an additional 8,021 shares during the last quarter. Carrera Capital Advisors raised its stake in shares of Mastercard by 4.3% during the 3rd quarter. Carrera Capital Advisors now owns 504 shares of the credit services provider’s stock worth $249,000 after purchasing an additional 21 shares during the period. Aptus Capital Advisors LLC boosted its stake in Mastercard by 8.6% in the third quarter. Aptus Capital Advisors LLC now owns 6,733 shares of the credit services provider’s stock valued at $3,325,000 after acquiring an additional 536 shares during the last quarter. Finally, Commonwealth Retirement Investments LLC grew its holdings in Mastercard by 3.0% during the third quarter. Commonwealth Retirement Investments LLC now owns 3,139 shares of the credit services provider’s stock valued at $1,550,000 after purchasing an additional 91 shares during the period. 97.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of analyst reports. Royal Bank of Canada boosted their target price on shares of Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. KeyCorp lifted their price target on Mastercard from $515.00 to $580.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. BMO Capital Markets reiterated an “outperform” rating and issued a $520.00 target price on shares of Mastercard in a research report on Wednesday, August 14th. Piper Sandler reissued an “overweight” rating and set a $565.00 price objective (up previously from $536.00) on shares of Mastercard in a research note on Friday, November 1st. Finally, Argus upgraded Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $540.17.

Mastercard Stock Down 0.2 %

MA opened at $529.17 on Wednesday. The business has a 50 day moving average price of $501.55 and a two-hundred day moving average price of $469.88. Mastercard Incorporated has a 52 week low of $393.02 and a 52 week high of $534.03. The company has a market cap of $485.69 billion, a PE ratio of 40.03, a P/E/G ratio of 2.32 and a beta of 1.10. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last released its 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. The company had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. Mastercard’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the company earned $3.39 earnings per share. As a group, research analysts anticipate that Mastercard Incorporated will post 14.45 EPS for the current year.

Mastercard Announces Dividend

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

Insider Activity at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction dated 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 in the company, valued at $8,440,885.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, major shareholder Foundation Mastercard sold 109,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the transaction, the insider now directly owns 91,924,308 shares of the company’s stock, valued at approximately $42,970,017,774.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were 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 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 327,370 shares of company stock valued at $153,495,958. Company insiders own 0.10% of the company’s stock.

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.