FUKOKU MUTUAL LIFE INSURANCE Co Purchases 101 Shares of Mastercard Incorporated (NYSE:MA)

FUKOKU MUTUAL LIFE INSURANCE Co increased its position in Mastercard Incorporated (NYSE:MA) by 2.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,169 shares of the credit services provider’s stock after buying an additional 101 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Mastercard were worth $2,059,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

MA has been the topic of a number of research analyst reports. UBS Group lifted their target price on Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a report on Thursday. Macquarie upped their target price on shares of Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. BMO Capital Markets lifted their price target on Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a report on Thursday. Morgan Stanley boosted their target price on shares of Mastercard from $544.00 to $564.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, KeyCorp upped their price objective on shares of Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Four analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $547.80.

Insider Buying and Selling

In other Mastercard news, major shareholder Foundation Mastercard sold 90,000 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 91,649,308 shares in the company, valued at $42,965,195,590.40. The trade was a 0.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the sale, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. This trade represents a 23.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 208,370 shares of company stock valued at $97,749,218. Insiders own 0.10% of the company’s stock.

Mastercard Stock Performance

Shares of MA opened at $520.40 on Friday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a 50-day moving average of $502.32 and a two-hundred day moving average of $470.24. Mastercard Incorporated has a one year low of $394.76 and a one year high of $534.03. The stock has a market cap of $477.64 billion, a P/E ratio of 39.36, a P/E/G ratio of 2.28 and a beta of 1.10.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. The company had revenue of $7.37 billion for 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 for the quarter was up 12.8% compared to the same quarter last year. During the same quarter last year, the company earned $3.39 EPS. As a group, research analysts predict that Mastercard Incorporated will post 14.45 EPS for the current year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.51%. The ex-dividend date was Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 19.97%.

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.