Mastercard Incorporated (NYSE:MA) Shares Acquired by Fmr LLC

Fmr LLC boosted its position in Mastercard Incorporated (NYSE:MA) by 3.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 21,355,081 shares of the credit services provider’s stock after acquiring an additional 700,769 shares during the period. Mastercard comprises approximately 0.6% of Fmr LLC’s holdings, making the stock its 19th biggest holding. Fmr LLC’s holdings in Mastercard were worth $10,545,139,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MA. Highline Wealth Partners LLC acquired a new position in Mastercard during the third quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL purchased a new stake in Mastercard during the second quarter worth approximately $34,000. Fairway Wealth LLC acquired a new stake in shares of Mastercard in the second quarter worth $35,000. First Personal Financial Services purchased a new position in shares of Mastercard in the 3rd quarter valued at $39,000. Finally, Lowe Wealth Advisors LLC boosted its position in Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 37 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. BNP Paribas lowered Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price for the company. in a research note on Tuesday, September 3rd. TD Cowen lifted their target price on Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Macquarie upped their target price on Mastercard from $505.00 to $565.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. UBS Group lifted their price target on shares of Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research note 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’s stock. Based on data from MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and a consensus target price of $549.16.

Mastercard Stock Performance

MA stock opened at $526.60 on Tuesday. The company has a market capitalization of $483.33 billion, a P/E ratio of 39.83, a PEG ratio of 2.32 and a beta of 1.10. 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 company has a 50-day simple moving average of $507.49 and a 200 day simple moving average of $474.33. Mastercard Incorporated has a fifty-two week low of $404.32 and a fifty-two week high of $534.03.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.16. The business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The company’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.39 earnings per share. Sell-side analysts predict that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend 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%.

Insider Activity

In other Mastercard news, 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 transaction of $2,310,173.50. Following the sale, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at $8,440,885.80. The trade was a 21.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by company insiders.

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.