Meeder Asset Management Inc. Has $5.87 Million Holdings in Mastercard Incorporated (NYSE:MA)

Meeder Asset Management Inc. lessened its stake in Mastercard Incorporated (NYSE:MA) by 9.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,894 shares of the credit services provider’s stock after selling 1,186 shares during the quarter. Meeder Asset Management Inc.’s holdings in Mastercard were worth $5,873,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MA. Highline Wealth Partners LLC acquired a new position in Mastercard during the third quarter worth $25,000. Strategic Investment Solutions Inc. IL acquired a new position in Mastercard during the second quarter worth $34,000. Fairway Wealth LLC bought a new position in shares of Mastercard in the second quarter valued at about $35,000. First Personal Financial Services bought a new position in shares of Mastercard in the third quarter valued at about $39,000. Finally, Lowe Wealth Advisors LLC raised its position in shares of Mastercard by 74.0% in the third 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 period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MA. Morgan Stanley increased their price objective on shares of Mastercard from $544.00 to $564.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Oppenheimer began coverage on shares of Mastercard in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price objective on the stock. William Blair raised shares of Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. dropped their price objective on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Finally, Robert W. Baird raised their price target on shares of Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $549.16.

Mastercard Stock Down 0.0 %

Mastercard stock opened at $521.63 on Tuesday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. Mastercard Incorporated has a 52-week low of $398.26 and a 52-week high of $534.03. The firm has a 50 day moving average price of $504.78 and a two-hundred day moving average price of $471.95. 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 released its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $7.27 billion. During the same quarter last year, the business earned $3.39 EPS. The company’s revenue was up 12.8% compared to the same quarter last year. Equities analysts predict that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard Dividend Announcement

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

Insider Activity

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction on Friday, September 20th. The shares were 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 owns 15,031 shares in the company, valued at approximately $7,363,085.66. The trade was a 23.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 90,000 shares of the business’s stock in a transaction on 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 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 position. The disclosure for this sale can be found here. Insiders sold 99,370 shares of company stock worth $46,797,168 in the last quarter. 0.10% of the stock is owned by corporate insiders.

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.