467 Shares in Mastercard Incorporated (NYSE:MA) Purchased by 49 Wealth Management LLC

49 Wealth Management LLC purchased a new stake in Mastercard Incorporated (NYSE:MA) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 467 shares of the credit services provider’s stock, valued at approximately $231,000.

Several other large investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its holdings in Mastercard by 120,665.3% in the 3rd 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 acquiring an additional 8,035,099 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Mastercard by 1.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,082,729 shares of the credit services provider’s stock valued at $2,241,297,000 after acquiring an additional 71,569 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Mastercard by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider’s stock valued at $2,474,151,000 after acquiring an additional 100,550 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Mastercard by 2.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,327,168 shares of the credit services provider’s stock worth $1,908,973,000 after buying an additional 113,238 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Mastercard by 0.9% in the 2nd quarter. American Century Companies Inc. now owns 4,250,760 shares of the credit services provider’s stock worth $1,875,266,000 after buying an additional 38,380 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction dated Friday, September 20th. The stock was 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. This trade represents a 23.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on MA shares. Mizuho increased their target price on Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. BMO Capital Markets increased their target price on Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft increased their target price on Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a report on Friday, November 1st. William Blair raised Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, TD Cowen increased their target price on Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Four analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and a consensus target price of $549.16.

Mastercard Stock Performance

MA stock opened at $520.76 on Friday. The business’s fifty day moving average is $506.91 and its 200-day moving average is $473.55. 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 market cap of $477.97 billion, a P/E ratio of 39.39, a price-to-earnings-growth ratio of 2.29 and a beta of 1.10. Mastercard Incorporated has a twelve month low of $404.32 and a twelve month high of $534.03.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping the consensus estimate of $3.73 by $0.16. The business had revenue of $7.37 billion for 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%. The firm’s revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the business posted $3.39 EPS. Equities research analysts forecast that Mastercard Incorporated will post 14.47 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 paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.51%. The ex-dividend date was Wednesday, October 9th. Mastercard’s payout ratio is presently 19.97%.

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.