Pitcairn Co. Has $8.14 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Pitcairn Co. trimmed its position in shares of Mastercard Incorporated (NYSE:MA) by 12.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,486 shares of the credit services provider’s stock after selling 2,424 shares during the quarter. Pitcairn Co.’s holdings in Mastercard were worth $8,141,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MA. Highline Wealth Partners LLC acquired a new position in shares of Mastercard in the third quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Mastercard in the second quarter worth approximately $34,000. Fairway Wealth LLC acquired a new position in shares of Mastercard in the second quarter worth approximately $35,000. First Personal Financial Services bought a new stake in Mastercard in the third quarter worth approximately $39,000. Finally, Lowe Wealth Advisors LLC increased its holdings in Mastercard by 74.0% in the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 37 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction on 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 transaction, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at $7,363,085.66. This represents a 23.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.10% of the company’s stock.

Mastercard Stock Up 1.1 %

MA stock opened at $520.76 on Friday. The stock’s fifty day simple moving average is $506.91 and its two-hundred day simple moving average is $473.55. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a 1-year low of $404.32 and a 1-year high of $534.03. The stock has a market cap of $477.97 billion, a P/E ratio of 39.39, a P/E/G ratio of 2.29 and a beta of 1.10.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter in the previous year, the firm earned $3.39 earnings per share. The business’s revenue was up 12.8% on a year-over-year basis. Analysts expect that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard Announces Dividend

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

Analyst Ratings Changes

MA has been the subject of a number of research analyst reports. Citigroup lifted their target price on Mastercard from $566.00 to $572.00 and gave the stock a “buy” rating in a report on Monday, November 4th. William Blair upgraded Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. BMO Capital Markets lifted their target price on Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Robert W. Baird lifted their target price on Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, 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, November 14th. Four equities research analysts have rated the stock with a hold rating, twenty-one have issued 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 an average rating of “Moderate Buy” and an average price target of $549.16.

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.