Fidelity D & D Bancorp Inc. Has $312,000 Holdings in Mastercard Incorporated (NYSE:MA)

Fidelity D & D Bancorp Inc. lowered its position in Mastercard Incorporated (NYSE:MA) by 7.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 631 shares of the credit services provider’s stock after selling 51 shares during the period. Fidelity D & D Bancorp Inc.’s holdings in Mastercard were worth $312,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MA. Temasek Holdings Private Ltd grew its stake in Mastercard by 2.3% during the third quarter. Temasek Holdings Private Ltd now owns 2,805,554 shares of the credit services provider’s stock worth $1,385,383,000 after purchasing an additional 62,891 shares during the period. Sarasin & Partners LLP boosted its holdings in shares of Mastercard by 4.7% during the 3rd quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider’s stock worth $410,813,000 after buying an additional 37,486 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Mastercard by 4.8% during the 3rd quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider’s stock worth $1,497,160,000 after buying an additional 138,842 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of 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. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of Mastercard during the 2nd quarter valued at $6,850,000. 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 the business’s 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 sale, the chief marketing officer now directly owns 15,031 shares in the company, valued at $7,363,085.66. The trade was a 23.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

MA has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a report on Friday, November 1st. TD Cowen raised their target price on Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Robert W. Baird boosted their target price on Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Susquehanna increased their price target on Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Finally, Citigroup raised their price objective on Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus target price of $559.28.

Mastercard Stock Performance

Shares of NYSE MA traded up $1.05 during midday trading on Friday, reaching $533.46. The company’s stock had a trading volume of 77,658 shares, compared to its average volume of 2,447,587. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market capitalization of $489.63 billion, a P/E ratio of 40.28, a PEG ratio of 2.38 and a beta of 1.10. The firm has a 50 day moving average price of $516.61 and a 200-day moving average price of $480.61. Mastercard Incorporated has a 12-month low of $411.60 and a 12-month high of $536.75.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping 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 business had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter in the previous year, the firm earned $3.39 earnings per share. The business’s revenue was up 12.8% on a year-over-year basis. As a group, equities analysts predict that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently declared 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 yield of 0.49%. Mastercard’s payout ratio 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.