Mastercard Incorporated $MA Shares Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC lessened its stake in Mastercard Incorporated (NYSE:MAFree Report) by 3.9% during the third quarter, Holdings Channel reports. The firm owned 183,674 shares of the credit services provider’s stock after selling 7,431 shares during the period. Mastercard makes up about 1.5% of Douglas Lane & Associates LLC’s holdings, making the stock its 16th biggest holding. Douglas Lane & Associates LLC’s holdings in Mastercard were worth $104,475,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in MA. Pinion Investment Advisors LLC boosted its holdings in Mastercard by 0.8% in the second quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider’s stock valued at $1,276,000 after acquiring an additional 18 shares during the last quarter. KRS Capital Management LLC raised its holdings in shares of Mastercard by 0.6% in the 2nd quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider’s stock worth $1,601,000 after purchasing an additional 18 shares during the period. Nvest Financial LLC lifted its stake in shares of Mastercard by 1.2% in the 2nd quarter. Nvest Financial LLC now owns 1,505 shares of the credit services provider’s stock valued at $846,000 after purchasing an additional 18 shares in the last quarter. Washington Trust Advisors Inc. grew its holdings in shares of Mastercard by 5.6% during the 2nd quarter. Washington Trust Advisors Inc. now owns 339 shares of the credit services provider’s stock worth $191,000 after purchasing an additional 18 shares during the period. Finally, Rialto Wealth Management LLC increased its position in Mastercard by 13.0% during the 2nd quarter. Rialto Wealth Management LLC now owns 156 shares of the credit services provider’s stock worth $88,000 after purchasing an additional 18 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Stock Performance

Shares of MA stock opened at $572.46 on Friday. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.12 and a quick ratio of 1.12. The company’s fifty day moving average price is $553.82 and its two-hundred day moving average price is $565.96. The firm has a market capitalization of $514.07 billion, a P/E ratio of 36.60, a P/E/G ratio of 2.25 and a beta of 0.87. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77.

Mastercard (NYSE:MAGet Free Report) last announced its earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. Mastercard had a return on equity of 202.03% and a net margin of 45.28%.The business had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.53 billion. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the previous year, the company earned $3.89 earnings per share. On average, research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Friday, January 9th will be paid a dividend of $0.87 per share. This is an increase from Mastercard’s previous quarterly dividend of $0.76. The ex-dividend date is Friday, January 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is currently 19.44%.

Analyst Ratings Changes

A number of brokerages have weighed in on MA. The Goldman Sachs Group reaffirmed a “buy” rating and set a $713.00 price target on shares of Mastercard in a research report on Thursday, October 30th. Macquarie lifted their target price on shares of Mastercard from $655.00 to $660.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Truist Financial lowered their price target on Mastercard from $638.00 to $630.00 and set a “buy” rating for the company in a report on Tuesday, November 4th. Citigroup upgraded Mastercard to a “strong-buy” rating in a research note on Thursday, October 23rd. Finally, Compass Point set a $620.00 target price on Mastercard and gave the company a “neutral” rating in a research note on Friday, October 31st. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Mastercard has a consensus rating of “Buy” and a consensus target price of $657.48.

Check Out Our Latest Stock Report on Mastercard

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Mastercard Profile

(Free Report)

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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