Park Edge Advisors LLC Takes Position in Mastercard Incorporated (NYSE:MA)

Park Edge Advisors LLC acquired a new position in shares of Mastercard Incorporated (NYSE:MA) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 1,155 shares of the credit services provider’s stock, valued at approximately $570,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MA. Palisade Asset Management LLC acquired a new position in shares of Mastercard in the first quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL acquired a new position in Mastercard in the 2nd quarter valued at approximately $34,000. Fairway Wealth LLC bought a new position in shares of Mastercard during the second quarter valued at $35,000. Lowe Wealth Advisors LLC lifted its holdings in shares of Mastercard by 74.0% during the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 37 shares during the period. Finally, Valued Wealth Advisors LLC grew its stake in shares of Mastercard by 168.6% in the first quarter. Valued Wealth Advisors LLC now owns 94 shares of the credit services provider’s stock worth $45,000 after purchasing an additional 59 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

MA has been the topic of several recent research reports. Compass Point started coverage on Mastercard in a report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 target price on the stock. William Blair raised Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Royal Bank of Canada increased their target price on shares of Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Argus upgraded shares of Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. Finally, TD Cowen increased their price objective on shares of Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Four research 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $525.68.

Mastercard Stock Down 0.6 %

Shares of MA traded down $3.26 during trading hours on Friday, reaching $507.36. The stock had a trading volume of 1,582,222 shares, compared to its average volume of 2,428,942. The company has a market capitalization of $471.65 billion, a price-to-earnings ratio of 40.33, a P/E/G ratio of 2.27 and a beta of 1.10. The firm has a 50-day simple moving average of $491.84 and a 200 day simple moving average of $465.39. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $518.82.

Mastercard (NYSE:MA) last released its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, beating analysts’ consensus estimates of $3.51 by $0.08. The firm had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.85 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. Equities research analysts predict that Mastercard Incorporated will post 14.32 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. This represents a $2.64 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio is currently 20.99%.

Insider Transactions at Mastercard

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

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.