Ellsworth Advisors LLC Acquires Shares of 424 Mastercard Incorporated (NYSE:MA)

Ellsworth Advisors LLC bought a new position in shares of Mastercard Incorporated (NYSE:MA) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 424 shares of the credit services provider’s stock, valued at approximately $209,000.

Other large investors have also made changes to their positions in the company. Westend Capital Management LLC purchased a new position in Mastercard during the first quarter worth about $27,000. Palisade Asset Management LLC purchased a new stake in shares of Mastercard during the 1st quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL acquired a new position in Mastercard in the second quarter valued at approximately $34,000. Fairway Wealth LLC purchased a new position in Mastercard in the second quarter worth approximately $35,000. Finally, Steph & Co. acquired a new stake in Mastercard during the first quarter worth $43,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Mastercard

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the transaction, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at $8,440,885.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 directly owns 17,118 shares of the company’s stock, valued at $8,440,885.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the transaction, the chief financial officer now directly owns 27,304 shares in the company, valued at approximately $12,423,320. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 340,809 shares of company stock worth $159,610,703. 0.10% of the stock is currently owned by insiders.

Mastercard Stock Performance

Shares of MA stock opened at $516.45 on Friday. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $518.00. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. The company has a market cap of $480.10 billion, a P/E ratio of 41.05, a PEG ratio of 2.22 and a beta of 1.10. The firm has a fifty day moving average price of $486.90 and a 200 day moving average price of $464.21.

Mastercard (NYSE:MA) last released its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $3.51 by $0.08. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The business had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.85 billion. Sell-side analysts predict that Mastercard Incorporated will post 14.3 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.51%. Mastercard’s payout ratio is currently 20.99%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MA. TD Cowen increased their price target on Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. KeyCorp lifted their price target on shares of Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Evercore ISI decreased their price objective on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Bank of America lifted their target price on shares of Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. Finally, Compass Point initiated coverage on Mastercard in a research note on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $524.64.

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.