Concord Asset Management LLC VA Has $2.74 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Concord Asset Management LLC VA boosted its stake in shares of Mastercard Incorporated (NYSE:MA) by 17.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,549 shares of the credit services provider’s stock after purchasing an additional 834 shares during the quarter. Concord Asset Management LLC VA’s holdings in Mastercard were worth $2,740,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MA. International Assets Investment Management LLC increased its position in shares of Mastercard by 120,665.3% during the third quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock valued at $3,971,020,000 after purchasing an additional 8,035,099 shares during the period. Swedbank AB bought a new stake in Mastercard in the 1st quarter valued at $660,652,000. PineStone Asset Management Inc. increased its holdings in Mastercard by 145.6% in the 2nd quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock valued at $784,148,000 after buying an additional 1,053,616 shares during the period. Manning & Napier Advisors LLC acquired a new position in shares of Mastercard in the 2nd quarter valued at $259,071,000. Finally, Capital World Investors lifted its holdings in shares of Mastercard by 13.3% during the 1st quarter. Capital World Investors now owns 3,293,617 shares of the credit services provider’s stock worth $1,586,107,000 after acquiring an additional 387,317 shares during the period. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Up 0.3 %

NYSE MA opened at $521.89 on Friday. The stock has a market capitalization of $479.01 billion, a P/E ratio of 39.48, a price-to-earnings-growth ratio of 2.28 and a beta of 1.10. Mastercard Incorporated has a 52 week low of $395.55 and a 52 week high of $534.03. 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 stock has a fifty day moving average of $504.09 and a 200-day moving average of $471.18.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. The firm had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The company’s revenue was up 12.8% on a year-over-year basis. During the same period last year, the company earned $3.39 earnings per share. On average, equities research analysts forecast that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard Dividend Announcement

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

Wall Street Analysts Forecast Growth

MA has been the topic of a number of analyst reports. Barclays upped 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. Morgan Stanley upped their price objective on Mastercard from $544.00 to $564.00 and gave the company an “overweight” rating in a research note on Thursday. Compass Point initiated coverage on Mastercard in a research report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 target price for the company. BNP Paribas lowered Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target on the stock. in a research note on Tuesday, September 3rd. Finally, William Blair upgraded Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $549.16.

Insider Activity at Mastercard

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s 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 approximately $8,440,885.80. This represents a 21.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 90,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total value of $42,192,000.00. Following the transaction, the insider now owns 91,649,308 shares in the company, valued at approximately $42,965,195,590.40. This trade represents a 0.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 208,370 shares of company stock worth $97,749,218 over the last ninety days. Company insiders own 0.10% of the company’s stock.

Mastercard 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.