Sawyer & Company Inc Grows Stake in Mastercard Incorporated (NYSE:MA)

Sawyer & Company Inc raised its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 6,938 shares of the credit services provider’s stock after buying an additional 116 shares during the period. Mastercard accounts for about 1.3% of Sawyer & Company Inc’s portfolio, making the stock its 29th largest position. Sawyer & Company Inc’s holdings in Mastercard were worth $3,426,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Westend Capital Management LLC acquired a new stake in Mastercard during the 1st quarter valued at $27,000. Palisade Asset Management LLC acquired a new stake in shares of Mastercard during the first quarter worth $27,000. Scarborough Advisors LLC acquired a new stake in shares of Mastercard during the fourth quarter worth $28,000. Beaird Harris Wealth Management LLC acquired a new stake in shares of Mastercard during the fourth quarter worth $30,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Mastercard during the second quarter worth $34,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other Mastercard 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 completion of the transaction, the chief marketing officer now owns 15,031 shares in the company, valued at approximately $7,363,085.66. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder Foundation Mastercard sold 90,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total value of $42,192,000.00. Following the completion of the transaction, the insider now directly owns 91,649,308 shares in the company, valued at $42,965,195,590.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the sale, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 340,809 shares of company stock worth $159,610,703. 0.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. TD Cowen raised their price objective on Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Citigroup raised their price objective on Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Royal Bank of Canada increased their target price on Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. BNP Paribas lowered Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price on the stock. in a research report on Tuesday, September 3rd. Finally, Piper Sandler increased their target price on Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Five investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, Mastercard has an average rating of “Moderate Buy” and an average target price of $518.96.

Mastercard Stock Up 0.9 %

NYSE:MA traded up $4.24 during mid-day trading on Friday, reaching $502.26. The stock had a trading volume of 1,920,085 shares, compared to its average volume of 2,439,908. The company has a market capitalization of $464.01 billion, a price-to-earnings ratio of 38.40, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $502.92. The stock’s 50 day simple moving average is $480.78 and its two-hundred day simple moving average is $462.99. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $0.08. The business had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. Equities analysts anticipate that Mastercard Incorporated will post 14.3 EPS for the current year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be paid a dividend of $0.66 per share. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.53%. Mastercard’s payout ratio is currently 20.18%.

About Mastercard

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.