47,840 Shares in Mastercard Incorporated (NYSE:MA) Acquired by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC purchased a new stake in Mastercard Incorporated (NYSE:MA) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 47,840 shares of the credit services provider’s stock, valued at approximately $23,623,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sarasin & Partners LLP grew its stake in shares of Mastercard by 4.7% during the third quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider’s stock valued at $410,813,000 after purchasing an additional 37,486 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Mastercard by 4.8% during the third quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider’s stock valued at $1,497,160,000 after acquiring an additional 138,842 shares during the period. Coppell Advisory Solutions Corp. bought a new stake in Mastercard during the 1st quarter worth about $608,000. SteelPeak Wealth LLC boosted its stake in shares of Mastercard by 48.6% in the 2nd quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock valued at $2,174,000 after purchasing an additional 1,612 shares during the last quarter. Finally, OMC Financial Services LTD acquired a new stake in shares of Mastercard during the 1st quarter worth approximately $17,854,000. 97.28% of the stock is owned by institutional investors.

Insider Buying and Selling at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the transaction, the chief marketing officer now owns 15,031 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 90,000 shares of the company’s 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 sale, the insider now owns 91,649,308 shares in the company, valued at $42,965,195,590.40. This represents a 0.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 208,370 shares of company stock worth $97,749,218 over the last ninety days. 0.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have commented on MA shares. Citigroup upped their target price on shares of Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Piper Sandler reiterated an “overweight” rating and issued a $575.00 price objective (up previously from $565.00) on shares of Mastercard in a report on Friday. TD Cowen raised their target price on Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a report on Friday. BNP Paribas cut Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target for the company. in a research note on Tuesday, September 3rd. Finally, William Blair raised shares of Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Four analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $549.16.

Mastercard Price Performance

NYSE MA opened at $521.89 on Friday. The firm’s 50 day moving average is $504.09 and its 200-day moving average is $471.04. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. The company has a market capitalization of $479.01 billion, a PE ratio of 39.48, a price-to-earnings-growth ratio of 2.28 and a beta of 1.10. Mastercard Incorporated has a 12-month low of $395.55 and a 12-month high of $534.03.

Mastercard (NYSE:MA) last released its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. During the same quarter last year, the firm earned $3.39 earnings per share. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. Equities research analysts anticipate that Mastercard Incorporated will post 14.45 earnings per share for the current fiscal 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 was Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.51%. Mastercard’s dividend payout ratio (DPR) is presently 19.97%.

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.