Douglass Winthrop Advisors LLC lessened its holdings in Mastercard Inc (NYSE:MA) by 1.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 434,936 shares of the credit services provider’s stock after selling 7,048 shares during the period. Mastercard accounts for approximately 4.3% of Douglass Winthrop Advisors LLC’s holdings, making the stock its 3rd biggest position. Douglass Winthrop Advisors LLC’s holdings in Mastercard were worth $96,821,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. BLB&B Advisors LLC grew its position in shares of Mastercard by 12.9% during the third quarter. BLB&B Advisors LLC now owns 3,269 shares of the credit services provider’s stock valued at $728,000 after purchasing an additional 374 shares in the last quarter. Gofen & Glossberg LLC IL grew its position in shares of Mastercard by 0.6% during the third quarter. Gofen & Glossberg LLC IL now owns 156,619 shares of the credit services provider’s stock valued at $34,865,000 after purchasing an additional 997 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new position in shares of Mastercard during the third quarter valued at about $1,083,000. Baxter Bros Inc. grew its position in shares of Mastercard by 1.2% during the third quarter. Baxter Bros Inc. now owns 23,002 shares of the credit services provider’s stock valued at $5,120,000 after purchasing an additional 280 shares in the last quarter. Finally, Montecito Bank & Trust grew its position in shares of Mastercard by 33.9% during the third quarter. Montecito Bank & Trust now owns 2,715 shares of the credit services provider’s stock valued at $604,000 after purchasing an additional 687 shares in the last quarter. Institutional investors and hedge funds own 74.36% of the company’s stock.
A number of research analysts recently commented on MA shares. Goldman Sachs Group raised shares of Mastercard from a “buy” rating to a “conviction-buy” rating in a report on Monday, September 17th. Royal Bank of Canada increased their price target on shares of Mastercard from $223.00 to $232.00 and gave the company an “outperform” rating in a report on Tuesday, September 11th. They noted that the move was a valuation call. Wells Fargo & Co increased their price target on shares of Mastercard from $230.00 to $250.00 and gave the company an “outperform” rating in a report on Monday, October 1st. BMO Capital Markets started coverage on shares of Mastercard in a report on Wednesday, September 26th. They issued an “outperform” rating and a $238.00 price target for the company. Finally, Wolfe Research started coverage on shares of Mastercard in a report on Tuesday, July 17th. They issued an “outperform” rating for the company. Three equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $215.12.
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 of the company’s stock, valued at $25,826,116.75. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.32% of the company’s stock.
Shares of NYSE MA opened at $204.22 on Friday. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $231.17 billion, a price-to-earnings ratio of 44.59, a PEG 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.
Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 26th. The credit services provider reported $1.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.13. The business had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.65 billion. Mastercard had a net margin of 33.81% and a return on equity of 103.82%. The firm’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.10 earnings per share. On average, sell-side analysts predict that Mastercard Inc will post 6.41 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Stockholders of record on Tuesday, October 9th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend is Friday, October 5th. Mastercard’s dividend payout ratio (DPR) is presently 21.83%.
Mastercard Company 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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