Gabelli Funds LLC reduced its stake in Mastercard Inc (NYSE:MA) by 1.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 857,800 shares of the credit services provider’s stock after selling 14,000 shares during the period. Mastercard accounts for approximately 1.1% of Gabelli Funds LLC’s holdings, making the stock its 2nd largest holding. Gabelli Funds LLC owned about 0.08% of Mastercard worth $190,955,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of MA. Bingham Osborn & Scarborough LLC bought a new position in Mastercard during the third quarter worth about $202,000. Bbva Compass Bancshares Inc. lifted its holdings in Mastercard by 10.9% during the third quarter. Bbva Compass Bancshares Inc. now owns 18,352 shares of the credit services provider’s stock worth $4,085,000 after acquiring an additional 1,803 shares in the last quarter. HL Financial Services LLC lifted its holdings in Mastercard by 17.3% during the third quarter. HL Financial Services LLC now owns 17,299 shares of the credit services provider’s stock worth $3,851,000 after acquiring an additional 2,551 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Mastercard by 11.0% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 114,757 shares of the credit services provider’s stock worth $25,546,000 after acquiring an additional 11,343 shares in the last quarter. Finally, Usca Ria LLC lifted its holdings in shares of Mastercard by 4.0% in the third quarter. Usca Ria LLC now owns 17,291 shares of the credit services provider’s stock valued at $3,849,000 after purchasing an additional 663 shares in the last quarter. Institutional investors and hedge funds own 74.43% of the company’s stock.
NYSE:MA opened at $205.62 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.55 and a current ratio of 1.55. The stock has a market capitalization of $216.25 billion, a P/E ratio of 34.25, a P/E/G ratio of 1.78 and a beta of 1.22. Mastercard Inc has a 52-week low of $140.61 and a 52-week high of $225.35.
Mastercard (NYSE:MA) last released its earnings results on Tuesday, October 30th. The credit services provider reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.10. The business had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.86 billion. Mastercard had a return on equity of 114.58% and a net margin of 35.88%. Mastercard’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.34 earnings per share. On average, analysts anticipate that Mastercard Inc will post 6.43 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, November 9th. Investors of record on Tuesday, October 9th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend was Friday, October 5th. Mastercard’s dividend payout ratio is currently 21.83%.
A number of analysts have recently commented on MA shares. Oppenheimer boosted their price target on Mastercard from $197.00 to $215.00 and gave the company an “outperform” rating in a report on Tuesday, July 17th. Wolfe Research started coverage on Mastercard in a report on Tuesday, July 17th. They issued an “outperform” rating on the stock. Bank of America boosted their price target on Mastercard from $210.00 to $230.00 and gave the company a “buy” rating in a report on Tuesday, July 17th. Cowen restated a “buy” rating and issued a $207.00 price target on shares of Mastercard in a report on Friday, July 20th. Finally, Raymond James started coverage on Mastercard in a report on Tuesday, July 24th. They issued an “outperform” rating and a $244.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the company’s stock. Mastercard has a consensus rating of “Buy” and a consensus target price of $219.24.
In related news, Director Richard K. Davis bought 2,475 shares of the stock in a transaction that occurred on Friday, November 2nd. The shares were acquired at an average price of $196.37 per share, with a total value of $486,015.75. Following the completion of the transaction, the director now owns 3,468 shares in the company, valued at $681,011.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.32% of the stock is currently owned by insiders.
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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