Vinva Investment Management Ltd Increases Stock Position in Mastercard Incorporated (NYSE:MA)

Vinva Investment Management Ltd grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 16.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 39,601 shares of the credit services provider’s stock after buying an additional 5,458 shares during the quarter. Mastercard makes up 0.8% of Vinva Investment Management Ltd’s holdings, making the stock its 16th biggest holding. Vinva Investment Management Ltd’s holdings in Mastercard were worth $19,549,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Goldstein Advisors LLC grew its stake in shares of Mastercard by 1.3% in the third quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock valued at $749,000 after acquiring an additional 20 shares in the last quarter. McLean Asset Management Corp boosted its stake in shares of Mastercard by 1.3% in the 3rd quarter. McLean Asset Management Corp now owns 1,677 shares of the credit services provider’s stock valued at $834,000 after purchasing an additional 21 shares in the last quarter. Oldfather Financial Services LLC boosted its stake in shares of Mastercard by 2.6% in the 3rd quarter. Oldfather Financial Services LLC now owns 827 shares of the credit services provider’s stock valued at $408,000 after purchasing an additional 21 shares in the last quarter. Transcendent Capital Group LLC boosted its stake in shares of Mastercard by 4.8% in the 3rd quarter. Transcendent Capital Group LLC now owns 455 shares of the credit services provider’s stock valued at $225,000 after purchasing an additional 21 shares in the last quarter. Finally, Guerra Pan Advisors LLC boosted its stake in shares of Mastercard by 1.7% in the 3rd quarter. Guerra Pan Advisors LLC now owns 1,225 shares of the credit services provider’s stock valued at $605,000 after purchasing an additional 21 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on 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 sale, the chief marketing officer now directly owns 15,031 shares in the company, valued at $7,363,085.66. The trade was a 23.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on MA shares. Oppenheimer started coverage on shares of Mastercard in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price target on the stock. Argus upgraded shares of Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. 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. William Blair reiterated an “outperform” rating on shares of Mastercard in a report on Monday. Finally, Barclays raised their price objective on shares of Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Four research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Mastercard currently has a consensus rating of “Moderate Buy” and an average price target of $549.16.

Mastercard Stock Performance

Shares of MA stock opened at $532.19 on Thursday. The company has a market cap of $488.46 billion, a price-to-earnings ratio of 40.26, a price-to-earnings-growth ratio of 2.34 and a beta of 1.10. Mastercard Incorporated has a 52 week low of $404.32 and a 52 week 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. The firm has a 50 day moving average of $508.78 and a 200-day moving average of $475.23.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. During the same quarter last year, the firm posted $3.39 EPS. Mastercard’s revenue was up 12.8% compared to the same quarter last year. On average, equities analysts forecast that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Announces Dividend

The company 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. This represents a $2.64 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s dividend payout ratio is 19.97%.

Mastercard Company 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.