United Advisor Group LLC Increases Holdings in Mastercard Incorporated (NYSE:MA)

United Advisor Group LLC lifted its position in Mastercard Incorporated (NYSE:MA) by 68.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 854 shares of the credit services provider’s stock after buying an additional 348 shares during the period. United Advisor Group LLC’s holdings in Mastercard were worth $422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Central Bank & Trust Co. raised its position in Mastercard by 3,494.5% in the third quarter. Central Bank & Trust Co. now owns 15,744 shares of the credit services provider’s stock worth $7,774,000 after acquiring an additional 15,306 shares during the period. ASB Consultores LLC lifted its position in Mastercard by 15.9% during the third quarter. ASB Consultores LLC now owns 2,216 shares of the credit services provider’s stock valued at $1,094,000 after purchasing an additional 304 shares in the last quarter. James J. Burns & Company LLC grew its holdings in Mastercard by 5.4% during the third quarter. James J. Burns & Company LLC now owns 2,597 shares of the credit services provider’s stock valued at $1,283,000 after purchasing an additional 132 shares during the period. Martin Investment Management LLC increased its position in Mastercard by 1.1% in the third quarter. Martin Investment Management LLC now owns 39,191 shares of the credit services provider’s stock worth $19,353,000 after buying an additional 439 shares in the last quarter. Finally, FSM Wealth Advisors LLC raised its stake in shares of Mastercard by 13.0% in the third quarter. FSM Wealth Advisors LLC now owns 1,299 shares of the credit services provider’s stock worth $641,000 after buying an additional 149 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MA. Argus raised shares of Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. Barclays raised their price objective on shares of Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Citigroup upped their target price on shares of Mastercard from $566.00 to $572.00 and gave the stock a “buy” rating in a report on Monday. Macquarie raised their price target on Mastercard from $505.00 to $565.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Mizuho upped their price objective on Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Four research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $540.17.

Insider Transactions at Mastercard

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the sale, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at $7,363,085.66. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the sale, the chief marketing officer now owns 15,031 shares in the company, valued at $7,363,085.66. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 109,000 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $467.45, for a total value of $50,952,050.00. Following the completion of the transaction, the insider now directly owns 91,924,308 shares of the company’s stock, valued at approximately $42,970,017,774.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 327,370 shares of company stock valued at $153,495,958. 0.10% of the stock is currently owned by corporate insiders.

Mastercard Stock Performance

MA stock opened at $505.53 on Wednesday. The firm has a market cap of $467.03 billion, a price-to-earnings ratio of 38.24, a PEG ratio of 2.23 and a beta of 1.10. Mastercard Incorporated has a twelve month low of $384.20 and a twelve month high of $527.90. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. The business’s fifty day simple moving average is $497.12 and its two-hundred day simple moving average is $467.65.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.16. The company had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the company earned $3.39 EPS. Analysts predict that Mastercard Incorporated will post 14.4 earnings per share for the current year.

Mastercard Announces Dividend

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 issued a dividend of $0.66 per share. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.52%. Mastercard’s payout ratio is currently 19.97%.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.