Mastercard Incorporated (NYSE:MA) Stake Lessened by Peak Asset Management LLC

Peak Asset Management LLC trimmed its position in Mastercard Incorporated (NYSE:MA) by 0.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,910 shares of the credit services provider’s stock after selling 57 shares during the period. Peak Asset Management LLC’s holdings in Mastercard were worth $3,906,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. ROI Financial Advisors LLC lifted its stake in Mastercard by 5.3% during the third quarter. ROI Financial Advisors LLC now owns 10,651 shares of the credit services provider’s stock valued at $5,259,000 after purchasing an additional 536 shares during the last quarter. Fortis Capital Management LLC lifted its position in shares of Mastercard by 6.5% during the 3rd quarter. Fortis Capital Management LLC now owns 10,969 shares of the credit services provider’s stock valued at $5,417,000 after acquiring an additional 672 shares during the last quarter. Plato Investment Management Ltd boosted its stake in shares of Mastercard by 0.5% during the 3rd quarter. Plato Investment Management Ltd now owns 19,126 shares of the credit services provider’s stock worth $9,435,000 after acquiring an additional 103 shares in the last quarter. Cable Hill Partners LLC grew its holdings in shares of Mastercard by 9.3% in the 3rd quarter. Cable Hill Partners LLC now owns 1,368 shares of the credit services provider’s stock worth $676,000 after acquiring an additional 116 shares during the last quarter. Finally, Bell Bank raised its position in shares of Mastercard by 24.4% during the third quarter. Bell Bank now owns 5,696 shares of the credit services provider’s stock worth $2,813,000 after purchasing an additional 1,116 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Down 1.4 %

MA opened at $521.50 on Thursday. The firm has a market cap of $478.65 billion, a P/E ratio of 39.45, a price-to-earnings-growth ratio of 2.32 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. The business has a 50 day moving average price of $501.55 and a 200 day moving average price of $469.88. Mastercard Incorporated has a twelve month low of $394.76 and a twelve month high of $534.03.

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. The business had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. Mastercard’s revenue was up 12.8% compared to the same quarter last year. During the same period last year, the business posted $3.39 EPS. Research analysts forecast that Mastercard Incorporated will post 14.45 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.51%. Mastercard’s dividend payout ratio is presently 19.97%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MA. Morgan Stanley boosted their price objective on Mastercard from $540.00 to $544.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Robert W. Baird lifted their price objective on shares of Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Barclays boosted their target price on shares of Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. KeyCorp lifted their price target on Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Four 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $540.17.

Insider Activity at Mastercard

In other news, major shareholder Foundation Mastercard sold 119,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the completion of the transaction, the insider now directly owns 92,033,308 shares in the company, valued at $43,113,923,465.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the sale, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at $7,363,085.66. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 119,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the transaction, the insider now owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 327,370 shares of company stock worth $153,495,958 in the last 90 days. 0.10% of the stock is owned by company insiders.

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.