J. Stern & Co. LLP Has $56.79 Million Holdings in Mastercard Incorporated (NYSE:MA)

J. Stern & Co. LLP raised its holdings in Mastercard Incorporated (NYSE:MA) by 5.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 115,002 shares of the credit services provider’s stock after acquiring an additional 5,447 shares during the quarter. Mastercard accounts for about 6.1% of J. Stern & Co. LLP’s portfolio, making the stock its 6th biggest holding. J. Stern & Co. LLP’s holdings in Mastercard were worth $56,788,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in MA. China Universal Asset Management Co. Ltd. boosted its holdings in shares of Mastercard by 46.4% in the first quarter. China Universal Asset Management Co. Ltd. now owns 14,785 shares of the credit services provider’s stock worth $7,120,000 after buying an additional 4,685 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of Mastercard in the first quarter valued at $391,000. Kennedy Capital Management LLC acquired a new stake in shares of Mastercard in the first quarter worth $5,512,000. Redwood Investment Management LLC grew its holdings in shares of Mastercard by 10.3% during the first quarter. Redwood Investment Management LLC now owns 4,085 shares of the credit services provider’s stock valued at $1,967,000 after buying an additional 382 shares in the last quarter. Finally, Coppell Advisory Solutions Corp. acquired a new stake in Mastercard during the 1st quarter worth about $608,000. Institutional investors own 97.28% of the company’s stock.

Insider Activity

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s 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 sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on MA. Bank of America increased their price target on shares of Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. Mizuho boosted their price target on shares of Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Barclays increased their price objective on Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Susquehanna boosted their target price on Mastercard from $540.00 to $605.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. reduced their price target on Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus target price of $549.16.

Mastercard Stock Performance

Shares of MA traded down $0.12 during mid-day trading on Tuesday, hitting $526.48. The company’s stock had a trading volume of 133,191 shares, compared to its average volume of 2,457,528. The stock’s 50-day moving average is $507.49 and its two-hundred day moving average is $474.33. The firm has a market capitalization of $483.22 billion, a PE ratio of 39.83, a price-to-earnings-growth ratio of 2.32 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. Mastercard Incorporated has a one year low of $404.32 and a one year high of $534.03.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. The company had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The company’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the company earned $3.39 EPS. As a group, sell-side analysts anticipate that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 19.97%.

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.