Baillie Gifford & Co. Trims Stock Position in Mastercard Incorporated (NYSE:MA)

Baillie Gifford & Co. trimmed its position in Mastercard Incorporated (NYSE:MA) by 3.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,061,506 shares of the credit services provider’s stock after selling 69,092 shares during the quarter. Baillie Gifford & Co. owned 0.22% of Mastercard worth $1,017,972,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Highline Wealth Partners LLC purchased a new position in shares of Mastercard in the 3rd quarter worth about $25,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Mastercard during the 2nd quarter valued at about $34,000. First Personal Financial Services purchased a new stake in shares of Mastercard during the 3rd quarter valued at about $39,000. Fairway Wealth LLC purchased a new stake in shares of Mastercard during the 2nd quarter valued at about $35,000. Finally, Lowe Wealth Advisors LLC raised its holdings in shares of Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after buying an additional 37 shares during the period. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Trading Up 1.0 %

Shares of NYSE MA opened at $530.12 on Tuesday. Mastercard Incorporated has a 12 month low of $393.02 and a 12 month high of $534.03. The company has a market cap of $486.56 billion, a price-to-earnings ratio of 40.10, a P/E/G ratio of 2.30 and a beta of 1.10. 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 business has a fifty day simple moving average of $500.61 and a 200-day simple moving average of $469.41.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The business had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. During the same period in the prior year, the business posted $3.39 earnings per share. Mastercard’s revenue was up 12.8% compared to the same quarter last year. Sell-side analysts predict that Mastercard Incorporated will post 14.45 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were paid a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.50%. The ex-dividend date was Wednesday, October 9th. Mastercard’s dividend payout ratio is currently 19.97%.

Analyst Ratings Changes

Several brokerages recently commented on MA. Susquehanna raised their target price on Mastercard from $540.00 to $605.00 and gave the company a “positive” rating in a report on Friday, November 1st. Macquarie raised their price objective on Mastercard from $505.00 to $565.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Royal Bank of Canada raised their price objective on Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. BNP Paribas lowered Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective for the company. in a research note on Tuesday, September 3rd. Finally, Citigroup raised their price objective on Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Four research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $540.17.

Insider Buying and Selling

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the 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 sale, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 transaction of $2,310,173.50. Following the completion of the sale, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at $8,440,885.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Foundation Mastercard sold 119,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $468.46, for a total value of $55,746,740.00. Following the sale, the insider now directly owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 327,370 shares of company stock valued at $153,495,958. Corporate insiders own 0.10% of the company’s stock.

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.