Mastercard Incorporated (NYSE:MA) Shares Purchased by Port Capital LLC

Port Capital LLC grew its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 109,189 shares of the credit services provider’s stock after purchasing an additional 807 shares during the period. Mastercard comprises approximately 2.4% of Port Capital LLC’s portfolio, making the stock its 18th biggest holding. Port Capital LLC’s holdings in Mastercard were worth $53,918,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Highline Wealth Partners LLC acquired a new stake in Mastercard during the 3rd quarter worth about $25,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Mastercard during the second quarter valued at approximately $34,000. Fairway Wealth LLC purchased a new stake in shares of Mastercard in the 2nd quarter valued at approximately $35,000. First Personal Financial Services purchased a new position in Mastercard during the 3rd quarter worth approximately $39,000. Finally, Lowe Wealth Advisors LLC raised its stake 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 purchasing an additional 37 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of research analyst reports. Mizuho lifted their price target on Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a report on Friday, November 1st. BNP Paribas cut Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price on the stock. in a research note on Tuesday, September 3rd. BMO Capital Markets increased their price target on shares of Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a research report on Monday, November 25th. Finally, KeyCorp increased their target price on shares of Mastercard from $515.00 to $580.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Four research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and an average target price of $549.16.

Mastercard Trading Down 1.0 %

Shares of MA opened at $526.18 on Wednesday. The stock’s 50-day moving average price is $511.83 and its 200 day moving average price is $477.41. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a 12-month low of $404.32 and a 12-month high of $535.77. The firm has a market capitalization of $482.94 billion, a price-to-earnings ratio of 39.80, a P/E/G ratio of 2.37 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 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 for the quarter, compared to the consensus estimate of $7.27 billion. During the same quarter in the previous year, the company earned $3.39 earnings per share. The business’s revenue was up 12.8% compared to the same quarter last year. As a group, research analysts predict that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s payout ratio is 19.97%.

Insider Activity

In other Mastercard 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 value of $2,294,994.10. Following the sale, the chief marketing officer now directly owns 15,031 shares in the company, valued at $7,363,085.66. This represents a 23.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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.