Mastercard Incorporated (NYSE:MA) Shares Sold by DE Burlo Group Inc.

DE Burlo Group Inc. decreased its holdings in Mastercard Incorporated (NYSE:MA) by 0.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 14,942 shares of the credit services provider’s stock after selling 100 shares during the quarter. DE Burlo Group Inc.’s holdings in Mastercard were worth $7,378,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Highline Wealth Partners LLC purchased a new stake in shares of Mastercard during the third quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Mastercard during the second quarter valued at approximately $34,000. First Personal Financial Services bought a new stake in shares of Mastercard in the third quarter worth $39,000. Fairway Wealth LLC bought a new stake in shares of Mastercard in the second quarter worth $35,000. Finally, Lowe Wealth Advisors LLC increased its stake in shares of Mastercard by 74.0% in the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after buying an additional 37 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

MA has been the subject of a number of research analyst reports. Argus upgraded shares of Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. BNP Paribas lowered shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target for the company. in a research note on Tuesday, September 3rd. Mizuho lifted their price objective on shares of Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. UBS Group lifted their price objective on shares of Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, Barclays lifted their price objective on shares of Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Four equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $549.16.

Insiders Place Their Bets

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the transaction, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at $7,363,085.66. The trade was a 23.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Mastercard Price Performance

Shares of Mastercard stock opened at $512.54 on Thursday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. The company’s 50-day moving average price is $505.90 and its two-hundred day moving average price is $472.76. Mastercard Incorporated has a 52 week low of $404.32 and a 52 week high of $534.03. The stock has a market cap of $470.42 billion, a PE ratio of 38.77, a price-to-earnings-growth ratio of 2.31 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping 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 net margin of 45.26% and a return on equity of 178.27%. Mastercard’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the previous year, the business earned $3.39 earnings per share. As a group, sell-side analysts anticipate that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard Announces Dividend

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. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.52%. Mastercard’s payout ratio is presently 19.97%.

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.