FUKOKU MUTUAL LIFE INSURANCE Co Buys 101 Shares of Mastercard Incorporated (NYSE:MA)

FUKOKU MUTUAL LIFE INSURANCE Co raised its position in shares of Mastercard Incorporated (NYSE:MA) by 2.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,169 shares of the credit services provider’s stock after purchasing an additional 101 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Mastercard were worth $2,059,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MA. Vanguard Group Inc. raised its stake in shares of Mastercard by 0.4% in the first quarter. Vanguard Group Inc. now owns 75,584,606 shares of the credit services provider’s stock worth $36,399,279,000 after purchasing an additional 330,872 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of Mastercard by 0.3% during the 1st quarter. Capital Research Global Investors now owns 13,651,904 shares of the credit services provider’s stock worth $6,574,347,000 after purchasing an additional 43,881 shares during the period. International Assets Investment Management LLC boosted its position in shares of Mastercard by 120,665.3% during the third quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock worth $3,971,020,000 after buying an additional 8,035,099 shares during the period. Ameriprise Financial Inc. boosted its holdings in Mastercard by 1.4% in the second quarter. Ameriprise Financial Inc. now owns 5,082,729 shares of the credit services provider’s stock valued at $2,241,297,000 after purchasing an additional 71,569 shares during the period. Finally, Canada Pension Plan Investment Board grew its stake in shares of Mastercard by 2.7% during the second quarter. Canada Pension Plan Investment Board now owns 4,327,168 shares of the credit services provider’s stock worth $1,908,973,000 after purchasing an additional 113,238 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on MA. Citigroup raised their price objective on shares of Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Morgan Stanley upped their target price on shares of Mastercard from $544.00 to $564.00 and gave the stock an “overweight” rating in a research report on Thursday. Piper Sandler reaffirmed an “overweight” rating and set a $575.00 price objective (up from $565.00) on shares of Mastercard in a research note on Friday. KeyCorp lifted their target price on shares of Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, William Blair upgraded shares of Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Four analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $547.80.

Mastercard Stock Down 0.3 %

NYSE MA opened at $520.40 on Friday. The stock has a 50 day moving average price of $502.32 and a 200-day moving average price of $470.24. 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 $394.76 and a one year high of $534.03. The company has a market capitalization of $477.64 billion, a P/E ratio of 39.36, a P/E/G ratio of 2.28 and a beta of 1.10.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping 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 company had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. During the same quarter in the prior year, the business earned $3.39 earnings per share. Mastercard’s revenue was up 12.8% on a year-over-year basis. As a group, equities analysts predict that Mastercard Incorporated will post 14.45 EPS for the current fiscal year.

Mastercard Announces Dividend

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

Insider Buying and Selling

In other Mastercard news, major shareholder Foundation Mastercard sold 90,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the completion of the transaction, the insider now owns 91,649,308 shares of the company’s stock, valued at approximately $42,965,195,590.40. This trade represents a 0.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the business’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 completion of the transaction, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at $8,440,885.80. This trade represents a 21.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 208,370 shares of company stock valued at $97,749,218. 0.10% of the stock is currently owned by insiders.

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.