Nicholas Hoffman & Company LLC. Raises Position in Mastercard Incorporated (NYSE:MA)

Nicholas Hoffman & Company LLC. grew its stake in Mastercard Incorporated (NYSE:MA) by 0.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,304 shares of the credit services provider’s stock after purchasing an additional 23 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in Mastercard were worth $2,619,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Palisade Asset Management LLC purchased a new stake in Mastercard in the 1st quarter valued at about $27,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Mastercard in the second quarter valued at approximately $34,000. Fairway Wealth LLC purchased a new stake in shares of Mastercard during the second quarter valued at approximately $35,000. Lowe Wealth Advisors LLC lifted its holdings in 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 acquiring an additional 37 shares during the period. Finally, VitalStone Financial LLC boosted its position in Mastercard by 55.0% in the first quarter. VitalStone Financial LLC now owns 93 shares of the credit services provider’s stock worth $45,000 after purchasing an additional 33 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Activity

In related news, major shareholder Foundation Mastercard sold 119,000 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $468.46, for a total value of $55,746,740.00. Following the completion of the sale, the insider now directly owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, major shareholder Foundation Mastercard sold 119,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $468.46, for a total value of $55,746,740.00. Following the completion of the transaction, the insider now owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now owns 27,304 shares of the company’s stock, valued at $12,423,320. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 340,809 shares of company stock valued at $159,610,703 in the last ninety days. Corporate insiders own 0.10% of the company’s stock.

Mastercard Stock Down 0.4 %

MA opened at $506.28 on Wednesday. The firm’s 50 day simple moving average is $493.40 and its two-hundred day simple moving average is $465.94. The company has a market capitalization of $467.72 billion, a PE ratio of 38.71, a PEG ratio of 2.27 and a beta of 1.10. Mastercard Incorporated has a 1-year low of $364.72 and a 1-year high of $518.82. 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 (NYSE:MA) last announced its 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 company had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. As a group, equities analysts forecast that Mastercard Incorporated will post 14.32 EPS for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is currently 20.18%.

Analyst Ratings Changes

MA has been the subject of several research analyst reports. Citigroup raised their target price on Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. KeyCorp lifted their price objective on shares of Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. TD Cowen increased their target price on shares of Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Bank of America lifted their price target on shares of Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Finally, Compass Point started coverage on Mastercard in a report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and a consensus target price of $525.68.

Mastercard 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.