Broderick Brian C Trims Stake in Mastercard Incorporated (NYSE:MA)

Broderick Brian C decreased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 4.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,010 shares of the credit services provider’s stock after selling 1,790 shares during the period. Mastercard comprises about 3.8% of Broderick Brian C’s portfolio, making the stock its 5th largest holding. Broderick Brian C’s holdings in Mastercard were worth $19,263,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Sarasin & Partners LLP increased its position in Mastercard by 4.7% in the third quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider’s stock worth $410,813,000 after buying an additional 37,486 shares during the period. Principal Financial Group Inc. grew its position in shares of Mastercard by 4.8% during the third quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider’s stock worth $1,497,160,000 after acquiring an additional 138,842 shares during the last quarter. Coppell Advisory Solutions Corp. acquired a new stake in shares of Mastercard in the 1st quarter worth about $608,000. SteelPeak Wealth LLC lifted its position in Mastercard by 48.6% in the 2nd quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock valued at $2,174,000 after purchasing an additional 1,612 shares during the last quarter. Finally, OMC Financial Services LTD acquired a new position in Mastercard during the 1st quarter valued at about $17,854,000. 97.28% of the stock is currently owned by institutional investors.

Insider Transactions at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the sale, the chief marketing officer now directly owns 17,118 shares in the company, valued at $8,440,885.80. This trade represents a 21.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 109,000 shares of the company’s 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 completion of the transaction, the insider now directly owns 91,924,308 shares of the company’s stock, valued at approximately $42,970,017,774.60. This trade represents a 0.12 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 208,370 shares of company stock worth $97,749,218. 0.10% of the stock is owned by insiders.

Mastercard Stock Down 0.3 %

MA stock opened at $520.40 on Friday. The company has a 50 day moving average of $502.32 and a two-hundred day moving average of $470.24. The company has a market cap of $477.64 billion, a price-to-earnings ratio of 39.36, a PEG ratio of 2.28 and a beta of 1.10. Mastercard Incorporated has a 12-month low of $394.76 and a 12-month high of $534.03. 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 announced its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter in the previous year, the business posted $3.39 EPS. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, equities analysts anticipate that Mastercard Incorporated will post 14.45 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were issued a $0.66 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.51%. Mastercard’s dividend payout ratio (DPR) is currently 19.97%.

Analyst Ratings Changes

MA has been the topic of a number of recent analyst reports. William Blair raised Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Barclays raised their price target on Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Compass Point started coverage on shares of Mastercard in a report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price objective for the company. Morgan Stanley raised their target price on shares of Mastercard from $544.00 to $564.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $547.40.

Mastercard 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.