Fisher Asset Management LLC Has $2.03 Billion Stock Position in Mastercard Incorporated (NYSE:MA)

Fisher Asset Management LLC boosted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 2.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,117,490 shares of the credit services provider’s stock after buying an additional 99,145 shares during the quarter. Fisher Asset Management LLC’s holdings in Mastercard were worth $2,033,217,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Highline Wealth Partners LLC acquired a new position in Mastercard in the 3rd quarter valued at about $25,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Mastercard in the second quarter valued at approximately $34,000. First Personal Financial Services bought a new position in shares of Mastercard during the third quarter worth approximately $39,000. Fairway Wealth LLC acquired a new stake in Mastercard during the 2nd quarter worth approximately $35,000. Finally, Lowe Wealth Advisors LLC boosted its stake in 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. Institutional investors own 97.28% of the company’s stock.

Insider Activity

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction on 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 completion of the sale, the chief marketing officer now directly owns 15,031 shares in the company, valued at $7,363,085.66. This represents a 23.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on MA. Oppenheimer started coverage on Mastercard in a research report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 price objective on the stock. UBS Group lifted their price objective on shares of Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Compass Point started coverage on shares of Mastercard in a report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price objective for the company. Barclays raised their target price on shares of Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Finally, Mizuho boosted their price target on Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. 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 company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $549.16.

Mastercard Stock Performance

Shares of Mastercard stock opened at $520.86 on Monday. The company’s 50 day moving average price is $506.91 and its two-hundred day moving average price is $473.83. The firm has a market capitalization of $478.06 billion, a P/E ratio of 39.40, a P/E/G ratio of 2.32 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. Mastercard Incorporated has a fifty-two week low of $404.32 and a fifty-two week high of $534.03.

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

Mastercard Announces Dividend

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