Mastercard Incorporated (NYSE:MA) Shares Bought by Pathstone Family Office LLC

Pathstone Family Office LLC boosted its position in shares of Mastercard Incorporated (NYSE:MAFree Report) by 142.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,436 shares of the credit services provider’s stock after purchasing an additional 54,338 shares during the period. Pathstone Family Office LLC’s holdings in Mastercard were worth $37,431,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Mastercard in the 4th quarter worth approximately $3,308,223,000. Moneta Group Investment Advisors LLC raised its position in shares of Mastercard by 111,819.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,983,231 shares of the credit services provider’s stock valued at $2,080,549,000 after purchasing an additional 5,977,885 shares during the period. Osaic Holdings Inc. increased its position in Mastercard by 900.1% during the second quarter. Osaic Holdings Inc. now owns 2,903,107 shares of the credit services provider’s stock worth $115,047,000 after acquiring an additional 2,612,838 shares during the period. Morgan Stanley increased its position in Mastercard by 17.7% during the fourth quarter. Morgan Stanley now owns 15,843,692 shares of the credit services provider’s stock worth $5,509,328,000 after acquiring an additional 2,385,640 shares during the period. Finally, Barclays PLC increased its position in Mastercard by 145.7% during the second quarter. Barclays PLC now owns 2,960,242 shares of the credit services provider’s stock worth $1,164,263,000 after acquiring an additional 1,755,483 shares during the period. 74.94% of the stock is currently owned by institutional investors.

Mastercard Stock Performance

NYSE:MA traded up $1.69 during mid-day trading on Tuesday, hitting $458.45. 1,034,203 shares of the company traded hands, compared to its average volume of 2,520,506. The stock’s fifty day moving average price is $426.64 and its 200-day moving average price is $408.30. Mastercard Incorporated has a one year low of $340.21 and a one year high of $463.84. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.06. The firm has a market cap of $429.93 billion, a price-to-earnings ratio of 38.61, a price-to-earnings-growth ratio of 1.76 and a beta of 1.08.

Mastercard (NYSE:MAGet Free Report) last issued its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.08 by $0.10. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. The business had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same period in the prior year, the business posted $2.65 earnings per share. Research analysts anticipate that Mastercard Incorporated will post 14.33 earnings per share for the current fiscal year.

Mastercard announced that its Board of Directors has authorized a share repurchase program on Tuesday, December 5th that allows the company to buyback $11.00 billion in shares. This buyback authorization allows the credit services provider to repurchase up to 2.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Mastercard Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Tuesday, January 9th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.58%. The ex-dividend date is Monday, January 8th. This is a boost from Mastercard’s previous quarterly dividend of $0.57. Mastercard’s dividend payout ratio (DPR) is 22.32%.

Insider Buying and Selling at Mastercard

In related news, major shareholder Foundation Mastercard sold 125,816 shares of Mastercard stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $390.12, for a total value of $49,083,337.92. Following the completion of the transaction, the insider now owns 97,795,141 shares in the company, valued at approximately $38,151,840,406.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Richard K. Davis acquired 1,000 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were bought at an average price of $390.96 per share, with a total value of $390,960.00. Following the completion of the acquisition, the director now owns 9,743 shares in the company, valued at approximately $3,809,123.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 125,816 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $390.12, for a total value of $49,083,337.92. Following the transaction, the insider now directly owns 97,795,141 shares in the company, valued at approximately $38,151,840,406.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 156,356 shares of company stock valued at $62,625,857. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. HSBC started coverage on shares of Mastercard in a research note on Friday, October 13th. They issued a “hold” rating and a $424.00 target price on the stock. Royal Bank of Canada upped their price target on Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Mizuho increased their target price on Mastercard from $462.00 to $480.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Raymond James upped their price target on Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Finally, Tigress Financial increased their price objective on Mastercard from $476.00 to $495.00 and gave the company a “strong-buy” rating in a report on Thursday, December 7th. Two investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $471.85.

Read Our Latest Stock Analysis on Mastercard

Mastercard Profile

(Free Report)

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 other payment-related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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