Mastercard Inc (MA) Holdings Lifted by Atria Investments LLC

Atria Investments LLC raised its stake in Mastercard Inc (NYSE:MA) by 17.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,011 shares of the credit services provider’s stock after buying an additional 5,149 shares during the quarter. Atria Investments LLC’s holdings in Mastercard were worth $7,794,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Fulton Bank N.A. increased its stake in shares of Mastercard by 2.0% during the third quarter. Fulton Bank N.A. now owns 11,893 shares of the credit services provider’s stock worth $2,648,000 after buying an additional 235 shares during the period. Harvest Fund Management Co. Ltd increased its stake in shares of Mastercard by 8.8% during the second quarter. Harvest Fund Management Co. Ltd now owns 3,213 shares of the credit services provider’s stock worth $631,000 after buying an additional 259 shares during the period. Price Wealth Management Inc. increased its stake in shares of Mastercard by 3.9% during the second quarter. Price Wealth Management Inc. now owns 7,067 shares of the credit services provider’s stock worth $1,389,000 after buying an additional 267 shares during the period. Raymond James Trust N.A. increased its stake in shares of Mastercard by 1.9% during the second quarter. Raymond James Trust N.A. now owns 14,154 shares of the credit services provider’s stock worth $2,782,000 after buying an additional 268 shares during the period. Finally, Peregrine Capital Management LLC increased its stake in shares of Mastercard by 0.3% during the second quarter. Peregrine Capital Management LLC now owns 87,253 shares of the credit services provider’s stock worth $17,147,000 after buying an additional 281 shares during the period. 74.36% of the stock is currently owned by institutional investors.

Mastercard stock traded up $1.61 during mid-day trading on Tuesday, hitting $209.87. The company had a trading volume of 34,324 shares, compared to its average volume of 3,587,707. The firm has a market capitalization of $231.17 billion, a P/E ratio of 45.82, a P/E/G ratio of 1.83 and a beta of 1.16. Mastercard Inc has a 1 year low of $140.61 and a 1 year high of $225.35. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.11.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 26th. The credit services provider reported $1.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.13. The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.65 billion. Mastercard had a net margin of 33.81% and a return on equity of 103.82%. The firm’s revenue was up 20.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.10 earnings per share. As a group, research analysts expect that Mastercard Inc will post 6.41 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 9th. Shareholders of record on Tuesday, October 9th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 5th. This represents a $1.00 annualized dividend and a yield of 0.48%. Mastercard’s dividend payout ratio is currently 21.83%.

MA has been the topic of a number of recent research reports. Goldman Sachs Group upgraded shares of Mastercard from a “buy” rating to a “conviction-buy” rating in a research note on Monday, September 17th. Royal Bank of Canada upped their target price on shares of Mastercard from $223.00 to $232.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 11th. They noted that the move was a valuation call. Wells Fargo & Co upped their target price on shares of Mastercard from $211.00 to $227.00 and gave the stock an “outperform” rating in a research note on Thursday, July 12th. BMO Capital Markets initiated coverage on shares of Mastercard in a research note on Wednesday, September 26th. They set an “outperform” rating and a $238.00 target price on the stock. Finally, Wolfe Research initiated coverage on shares of Mastercard in a research note on Tuesday, July 17th. They set an “outperform” rating on the stock. Three research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $212.53.

In other news, CFO Martina Hundmejean sold 69,817 shares of the firm’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $200.35, for a total transaction of $13,987,835.95. Following the transaction, the chief financial officer now directly owns 128,905 shares in the company, valued at $25,826,116.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.32% of the company’s stock.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

Further Reading: Investing in Dividend Stocks

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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