Mastercard Incorporated (NYSE:MA) Stock Position Lowered by KG&L Capital Management LLC

KG&L Capital Management LLC trimmed its position in shares of Mastercard Incorporated (NYSE:MA) by 8.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,775 shares of the credit services provider’s stock after selling 240 shares during the period. KG&L Capital Management LLC’s holdings in Mastercard were worth $1,370,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in MA. Vanguard Group Inc. increased its stake in shares of Mastercard by 0.4% in the first quarter. Vanguard Group Inc. now owns 75,584,606 shares of the credit services provider’s stock worth $36,399,279,000 after acquiring an additional 330,872 shares during the last quarter. Capital Research Global Investors raised its stake in shares of Mastercard by 0.3% during the 1st quarter. Capital Research Global Investors now owns 13,651,904 shares of the credit services provider’s stock worth $6,574,347,000 after purchasing an additional 43,881 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Mastercard by 120,665.3% during the 3rd quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock worth $3,971,020,000 after purchasing an additional 8,035,099 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Mastercard by 1.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,082,729 shares of the credit services provider’s stock valued at $2,241,297,000 after buying an additional 71,569 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in Mastercard by 2.7% in the second quarter. Canada Pension Plan Investment Board now owns 4,327,168 shares of the credit services provider’s stock worth $1,908,973,000 after buying an additional 113,238 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Bank of America lifted their price objective on shares of Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. Robert W. Baird raised their price objective on Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Mizuho upped their target price on Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a research report on Friday. Macquarie lifted their price target on shares of Mastercard from $505.00 to $565.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Compass Point initiated coverage on shares of Mastercard in a report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $537.92.

Insiders Place Their Bets

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction that occurred on 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 sale, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’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 transaction, the chief marketing officer now owns 17,118 shares in the company, valued at $8,440,885.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 90,000 shares of Mastercard stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the completion of the transaction, the insider now directly owns 91,649,308 shares of the company’s stock, valued at approximately $42,965,195,590.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 327,370 shares of company stock worth $153,495,958. Corporate insiders own 0.10% of the company’s stock.

Mastercard Stock Up 1.7 %

Mastercard stock opened at $508.08 on Monday. The firm has a market capitalization of $469.38 billion, a price-to-earnings ratio of 38.43, a PEG ratio of 2.21 and a beta of 1.10. The company’s 50 day simple moving average is $495.77 and its 200 day simple moving average is $466.94. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.14. Mastercard Incorporated has a fifty-two week low of $378.48 and a fifty-two week high of $527.90.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.16. The company had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.39 EPS. As a group, sell-side analysts anticipate that Mastercard Incorporated will post 14.35 EPS for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Wednesday, October 9th. Mastercard’s payout ratio 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.