Pathstone Holdings LLC Boosts Stock Holdings in Mastercard Incorporated (NYSE:MA)

Pathstone Holdings LLC grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 2.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 150,244 shares of the credit services provider’s stock after buying an additional 3,913 shares during the quarter. Pathstone Holdings LLC’s holdings in Mastercard were worth $74,190,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of MA. Sarasin & Partners LLP grew its holdings in Mastercard by 4.7% in the 3rd quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider’s stock worth $410,813,000 after acquiring an additional 37,486 shares during the last quarter. Principal Financial Group Inc. increased 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 buying an additional 138,842 shares during the period. Coppell Advisory Solutions Corp. purchased a new position in shares of Mastercard during the first quarter valued at approximately $608,000. SteelPeak Wealth LLC lifted its stake in Mastercard by 48.6% in the second quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock worth $2,174,000 after acquiring an additional 1,612 shares during the period. Finally, OMC Financial Services LTD purchased a new stake in Mastercard in the first quarter worth $17,854,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Down 0.0 %

Mastercard stock opened at $521.63 on Tuesday. Mastercard Incorporated has a 12 month low of $398.26 and a 12 month high of $534.03. The stock has a fifty day simple moving average of $504.78 and a two-hundred day simple moving average of $471.95. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. The firm has a market cap of $478.77 billion, a price-to-earnings ratio of 39.46, a PEG ratio of 2.32 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. The business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. Mastercard’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.39 EPS. Equities analysts predict that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.51%. Mastercard’s dividend payout ratio (DPR) is 19.97%.

Insider Buying and Selling

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on 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 owns 17,118 shares in the company, valued at $8,440,885.80. This trade represents a 21.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 90,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was 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 of the company’s stock, valued at $42,965,195,590.40. This trade represents a 0.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 99,370 shares of company stock worth $46,797,168. 0.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Mizuho upped their price objective on shares of Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. BNP Paribas downgraded shares of 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. JPMorgan Chase & Co. reduced their target price on Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. Compass Point started coverage on Mastercard in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 target price for the company. Finally, Macquarie upped their price target on Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $549.16.

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.