McAdam LLC Purchases 192 Shares of Mastercard Incorporated (NYSE:MA)

McAdam LLC raised its stake in Mastercard Incorporated (NYSE:MA) by 19.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,174 shares of the credit services provider’s stock after acquiring an additional 192 shares during the period. McAdam LLC’s holdings in Mastercard were worth $580,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Trust Direct Indexing L.P. lifted its holdings in shares of Mastercard by 14.2% during the first quarter. First Trust Direct Indexing L.P. now owns 20,552 shares of the credit services provider’s stock valued at $9,897,000 after purchasing an additional 2,556 shares in the last quarter. Coppell Advisory Solutions Corp. purchased a new position in Mastercard during the 1st quarter valued at approximately $608,000. SteelPeak Wealth LLC grew its holdings in Mastercard by 48.6% during the 2nd quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock valued at $2,174,000 after buying an additional 1,612 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of Mastercard in the 1st quarter valued at approximately $2,938,000. Finally, OMC Financial Services LTD bought a new stake in shares of Mastercard in the 1st quarter valued at approximately $17,854,000. Institutional investors own 97.28% of the company’s stock.

Insider Activity at Mastercard

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction that occurred 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 owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Mastercard news, major shareholder Foundation Mastercard sold 90,000 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the transaction, the insider now owns 91,649,308 shares of the company’s stock, valued at $42,965,195,590.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the 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 transaction, the chief marketing officer now directly owns 15,031 shares in the company, valued at approximately $7,363,085.66. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 340,809 shares of company stock valued at $159,610,703. 0.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MA. KeyCorp raised their price target on Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Piper Sandler lifted their price target on Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Barclays boosted their target price on Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. boosted their target price on Mastercard from $570.00 to $593.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, TD Cowen boosted their price target on Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and a consensus target price of $525.68.

Mastercard Price Performance

Shares of NYSE:MA opened at $510.48 on Friday. The business’s 50 day simple moving average is $490.23 and its 200-day simple moving average is $464.93. The firm has a market capitalization of $474.55 billion, a price-to-earnings ratio of 40.58, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $518.82.

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

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s payout ratio is currently 20.99%.

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.