Godsey & Gibb Inc. Buys 30 Shares of Mastercard Incorporated (NYSE:MA)

Godsey & Gibb Inc. boosted its stake in shares of Mastercard Incorporated (NYSE:MA) by 4.3% during the third quarter, Holdings Channel.com reports. The fund owned 721 shares of the credit services provider’s stock after acquiring an additional 30 shares during the period. Godsey & Gibb Inc.’s holdings in Mastercard were worth $356,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in MA. Palisade Asset Management LLC acquired a new stake in shares of Mastercard in the 1st quarter valued at $27,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Mastercard in the 2nd quarter valued at $34,000. Fairway Wealth LLC acquired a new stake in shares of Mastercard in the 2nd quarter valued at $35,000. Lowe Wealth Advisors LLC boosted its holdings in shares of Mastercard by 74.0% in 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 in the last quarter. Finally, Steph & Co. acquired a new stake in shares of Mastercard in the 1st quarter valued at $43,000. Institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Oppenheimer assumed coverage on Mastercard in a report on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 target price on the stock. BNP Paribas downgraded Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective on the stock. in a report on Tuesday, September 3rd. TD Cowen raised their price objective on Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a report on Thursday, August 1st. William Blair raised Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, Piper Sandler raised their price objective on Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Four analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $524.64.

Mastercard Stock Performance

MA stock opened at $516.34 on Monday. The stock has a 50-day moving average price of $486.90 and a 200-day moving average price of $464.01. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $518.00. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. The firm has a market cap of $480.00 billion, a PE ratio of 41.04, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.08. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The firm had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.85 billion. As a group, equities research analysts expect that Mastercard Incorporated will post 14.3 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s payout ratio is 20.99%.

Insider Activity at Mastercard

In related news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of the sale, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the sale, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at $8,440,885.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the transaction, the chief financial officer now owns 27,304 shares of the company’s stock, valued at $12,423,320. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 340,809 shares of company stock valued at $159,610,703 in the last three months. 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.