Tandem Investment Advisors Inc. Cuts Stock Holdings in Mastercard Incorporated (NYSE:MA)

Tandem Investment Advisors Inc. reduced its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 171,101 shares of the credit services provider’s stock after selling 2,502 shares during the quarter. Mastercard accounts for approximately 3.2% of Tandem Investment Advisors Inc.’s portfolio, making the stock its 15th largest holding. Tandem Investment Advisors Inc.’s holdings in Mastercard were worth $84,490,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Goldstein Advisors LLC lifted its holdings in Mastercard by 1.3% in the third quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock worth $749,000 after buying an additional 20 shares during the period. McLean Asset Management Corp raised its position in shares of Mastercard by 1.3% in the 3rd quarter. McLean Asset Management Corp now owns 1,677 shares of the credit services provider’s stock worth $834,000 after acquiring an additional 21 shares in the last quarter. Oldfather Financial Services LLC lifted its stake in shares of Mastercard by 2.6% in the 3rd quarter. Oldfather Financial Services LLC now owns 827 shares of the credit services provider’s stock valued at $408,000 after purchasing an additional 21 shares during the period. Quilter Plc boosted its position in shares of Mastercard by 2.8% during the second quarter. Quilter Plc now owns 801 shares of the credit services provider’s stock valued at $353,000 after purchasing an additional 22 shares in the last quarter. Finally, Cornerstone Wealth Management LLC grew its stake in Mastercard by 0.5% in the third quarter. Cornerstone Wealth Management LLC now owns 4,351 shares of the credit services provider’s stock worth $2,148,000 after purchasing an additional 22 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Activity

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the sale, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder Foundation Mastercard sold 119,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the completion of the transaction, the insider now owns 92,033,308 shares in the company, valued at approximately $43,113,923,465.68. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the completion of the sale, the chief marketing officer now owns 17,118 shares in the company, valued at approximately $8,440,885.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 327,370 shares of company stock worth $153,495,958 over the last ninety days. Corporate insiders own 0.10% of the company’s stock.

Mastercard Trading Down 0.6 %

Shares of Mastercard stock opened at $517.88 on Friday. Mastercard Incorporated has a 1-year low of $386.74 and a 1-year high of $527.90. The company’s fifty day simple moving average is $498.11 and its 200-day simple moving average is $468.02. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market capitalization of $478.44 billion, a PE ratio of 39.17, a P/E/G ratio of 2.21 and a beta of 1.10.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same period in the previous year, the firm earned $3.39 EPS. The business’s quarterly revenue was up 12.8% on a year-over-year basis. As a group, equities analysts anticipate that Mastercard Incorporated will post 14.45 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be paid a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.51%. Mastercard’s payout ratio is presently 19.97%.

Analyst Ratings Changes

Several research analysts recently issued reports on MA shares. JPMorgan Chase & Co. decreased their price target on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. Morgan Stanley raised their target price on shares of Mastercard from $540.00 to $544.00 and gave the company an “overweight” rating in a research note on Monday. TD Cowen boosted their price target on Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. BNP Paribas lowered Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective for the company. in a research report on Tuesday, September 3rd. Finally, Robert W. Baird boosted their target price on Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and a consensus target price of $540.17.

Mastercard 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.