Mastercard Incorporated (NYSE:MA) Shares Sold by Broderick Brian C

Broderick Brian C lessened its holdings in shares of Mastercard Incorporated (NYSE:MA) by 4.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,010 shares of the credit services provider’s stock after selling 1,790 shares during the period. Mastercard makes up approximately 3.8% of Broderick Brian C’s portfolio, making the stock its 5th biggest holding. Broderick Brian C’s holdings in Mastercard were worth $19,263,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MA. Highline Wealth Partners LLC purchased a new position in Mastercard in the 3rd quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Mastercard during the 2nd quarter worth approximately $34,000. First Personal Financial Services acquired a new position in shares of Mastercard during the 3rd quarter worth approximately $39,000. Fairway Wealth LLC purchased a new stake in Mastercard in the 2nd quarter valued at approximately $35,000. Finally, Lowe Wealth Advisors LLC grew its holdings in 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 last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief marketing officer now directly owns 15,031 shares in the company, valued at $7,363,085.66. This trade represents a 23.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Foundation Mastercard sold 109,000 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $467.45, for a total value of $50,952,050.00. Following the completion of the transaction, the insider now directly owns 91,924,308 shares of the company’s stock, valued at $42,970,017,774.60. This represents a 0.12 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 208,370 shares of company stock valued at $97,749,218. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on MA shares. Piper Sandler reissued an “overweight” rating and issued a $565.00 price target (up from $536.00) on shares of Mastercard in a report on Friday, November 1st. KeyCorp upped their target price on shares of Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a report on Friday, November 1st. BMO Capital Markets raised their price target on shares of Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a research note on Thursday. Robert W. Baird boosted their price objective on shares of Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, Oppenheimer began coverage on shares of Mastercard in a research report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 target price on the stock. 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 stock. According to data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and a consensus target price of $547.40.

Mastercard Price Performance

MA opened at $520.40 on Friday. The company has a 50 day moving average of $502.32 and a two-hundred day moving average of $470.24. Mastercard Incorporated has a 52-week low of $394.76 and a 52-week high of $534.03. 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 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 announced its quarterly 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. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same period in the prior year, the company earned $3.39 EPS. The firm’s revenue was up 12.8% on a year-over-year basis. On average, analysts expect that Mastercard Incorporated will post 14.45 earnings per share for the current year.

Mastercard Dividend Announcement

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

Mastercard Company 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.