Cable Hill Partners LLC Boosts Stock Position in Mastercard Incorporated (NYSE:MA)

Cable Hill Partners LLC grew its stake in Mastercard Incorporated (NYSE:MA) by 9.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,368 shares of the credit services provider’s stock after acquiring an additional 116 shares during the quarter. Cable Hill Partners LLC’s holdings in Mastercard were worth $676,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Highline Wealth Partners LLC bought a new position in Mastercard in the 3rd quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Mastercard during the second quarter valued at $34,000. First Personal Financial Services purchased a new stake in shares of Mastercard during the third quarter valued at $39,000. Fairway Wealth LLC bought a new stake in Mastercard in the 2nd quarter worth about $35,000. Finally, Lowe Wealth Advisors LLC raised its position in Mastercard by 74.0% in the 3rd 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. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Mastercard news, major shareholder Foundation Mastercard sold 119,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the sale, the insider now directly owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were 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 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 119,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the completion of the sale, the insider now directly owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 327,370 shares of company stock worth $153,495,958. 0.10% of the stock is currently owned by corporate insiders.

Mastercard Price Performance

NYSE:MA opened at $521.50 on Thursday. The business’s 50-day moving average is $501.55 and its 200 day moving average is $469.88. Mastercard Incorporated has a 12 month low of $394.76 and a 12 month high of $534.03. The company has a market capitalization of $478.65 billion, a P/E ratio of 39.45, a P/E/G ratio of 2.32 and a beta of 1.10. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The firm had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. During the same period in the prior year, the company earned $3.39 EPS. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, equities research analysts forecast that Mastercard Incorporated will post 14.45 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.51%. Mastercard’s dividend payout ratio (DPR) is presently 19.97%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Oppenheimer assumed coverage on shares of Mastercard in a report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 price target on the stock. Piper Sandler reaffirmed an “overweight” rating and issued a $565.00 target price (up previously from $536.00) on shares of Mastercard in a research report on Friday, November 1st. Citigroup increased their price target on Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a report on Monday, November 4th. Morgan Stanley upped their price objective on Mastercard from $540.00 to $544.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. dropped their target price on Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $540.17.

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.