River Street Advisors LLC Has $1.08 Million Holdings in Mastercard Incorporated (NYSE:MA)

River Street Advisors LLC lessened its holdings in shares of Mastercard Incorporated (NYSE:MA) by 3.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,189 shares of the credit services provider’s stock after selling 67 shares during the quarter. River Street Advisors LLC’s holdings in Mastercard were worth $1,081,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of MA. Highline Wealth Partners LLC bought a new stake in Mastercard during the third quarter worth $25,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Mastercard during the 2nd quarter worth $34,000. Fairway Wealth LLC bought a new stake in shares of Mastercard during the 2nd quarter worth $35,000. First Personal Financial Services bought a new position in Mastercard during the third quarter valued at about $39,000. Finally, Lowe Wealth Advisors LLC grew its position in Mastercard by 74.0% during the third 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 period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Activity at Mastercard

In other news, major shareholder Foundation Mastercard sold 109,000 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 91,924,308 shares in the company, valued at $42,970,017,774.60. This represents a 0.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now owns 17,118 shares in the company, valued at $8,440,885.80. This trade represents a 21.49 % 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. 0.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

MA has been the subject of a number of research reports. BMO Capital Markets increased their target price on shares of Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a research report on Thursday. Barclays lifted their price objective on shares of Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Royal Bank of Canada restated an “outperform” rating and set a $572.00 target price on shares of Mastercard in a research report on Thursday. Piper Sandler reiterated an “overweight” rating and set a $575.00 price objective (up from $565.00) on shares of Mastercard in a research note on Friday. Finally, William Blair raised Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Four 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 company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $549.16.

Mastercard Trading Up 0.3 %

Shares of Mastercard stock traded up $1.49 during trading on Friday, reaching $521.89. The company’s stock had a trading volume of 2,408,193 shares, compared to its average volume of 2,452,135. The company has a market cap of $479.01 billion, a price-to-earnings ratio of 39.48, a PEG ratio of 2.28 and a beta of 1.10. Mastercard Incorporated has a 52-week low of $395.55 and a 52-week high of $534.03. The firm’s 50-day moving average is $504.09 and its two-hundred day moving average is $471.04. 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 (NYSE:MA) last posted its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.16. The firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The business’s revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.39 earnings per share. On average, sell-side analysts anticipate that Mastercard Incorporated will post 14.45 earnings per share 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 given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is 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.