Montag A & Associates Inc. Purchases 1,242 Shares of Mastercard Inc (NYSE:MA)

Montag A & Associates Inc. raised its stake in shares of Mastercard Inc (NYSE:MA) by 3.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,966 shares of the credit services provider’s stock after buying an additional 1,242 shares during the quarter. Montag A & Associates Inc.’s holdings in Mastercard were worth $9,496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Joseph P. Lucia & Associates LLC purchased a new stake in Mastercard during the 2nd quarter valued at approximately $26,000. Howe & Rusling Inc. purchased a new stake in Mastercard during the 3rd quarter valued at approximately $29,000. Ellevest Inc. grew its holdings in Mastercard by 52.8% during the 2nd quarter. Ellevest Inc. now owns 110 shares of the credit services provider’s stock valued at $29,000 after buying an additional 38 shares in the last quarter. Delphi Private Advisors LLC purchased a new stake in Mastercard during the 2nd quarter valued at approximately $31,000. Finally, Evolution Wealth Advisors LLC purchased a new stake in Mastercard during the 2nd quarter valued at approximately $31,000. 74.21% of the stock is owned by institutional investors and hedge funds.

In other news, Director Richard K. Davis acquired 1,735 shares of the company’s stock in a transaction on Monday, August 12th. The stock was bought at an average cost of $270.09 per share, with a total value of $468,606.15. Following the completion of the purchase, the director now directly owns 6,031 shares of the company’s stock, valued at $1,628,912.79. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 15,890 shares of Mastercard stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $272.06, for a total transaction of $4,323,033.40. Following the transaction, the insider now directly owns 112,030,712 shares of the company’s stock, valued at $30,479,075,506.72. The disclosure for this sale can be found here. Insiders have sold 99,080 shares of company stock valued at $27,149,356 over the last ninety days. 3.70% of the stock is owned by insiders.

A number of equities research analysts have issued reports on MA shares. Guggenheim set a $305.00 price objective on shares of Mastercard and gave the company a “buy” rating in a report on Friday, November 1st. ValuEngine lowered shares of Mastercard from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Tigress Financial reaffirmed a “buy” rating on shares of Mastercard in a report on Thursday, August 22nd. UBS Group increased their price objective on shares of Mastercard from $300.00 to $312.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Barclays raised their target price on shares of Mastercard from $319.00 to $320.00 and gave the company an “overweight” rating in a report on Monday. Three equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $303.45.

Shares of MA stock traded up $2.10 on Friday, reaching $274.89. The company’s stock had a trading volume of 2,240,536 shares, compared to its average volume of 3,524,577. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.55. The stock’s fifty day simple moving average is $272.46 and its 200-day simple moving average is $267.36. The company has a market capitalization of $272.92 billion, a price-to-earnings ratio of 42.36, a price-to-earnings-growth ratio of 2.19 and a beta of 1.04. Mastercard Inc has a 1 year low of $171.89 and a 1 year high of $293.69.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $2.15 EPS for the quarter, topping the consensus estimate of $2.01 by $0.14. The company had revenue of $4.47 billion during the quarter, compared to analyst estimates of $4.41 billion. Mastercard had a net margin of 42.50% and a return on equity of 146.92%. Mastercard’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.78 earnings per share. Equities research analysts forecast that Mastercard Inc will post 7.69 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend is Tuesday, October 8th. Mastercard’s payout ratio is 20.34%.

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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