D Orazio & Associates Inc. Acquires 34 Shares of Mastercard Incorporated (NYSE:MA)

D Orazio & Associates Inc. raised its holdings in shares of Mastercard Incorporated (NYSE:MA) by 2.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,405 shares of the credit services provider’s stock after acquiring an additional 34 shares during the period. D Orazio & Associates Inc.’s holdings in Mastercard were worth $694,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in MA. International Assets Investment Management LLC boosted its position in Mastercard by 120,665.3% during the third quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock valued at $3,971,020,000 after buying an additional 8,035,099 shares during the period. Swedbank AB purchased a new stake in Mastercard during the first quarter valued at about $660,652,000. PineStone Asset Management Inc. boosted its position in Mastercard by 145.6% during the second quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock valued at $784,148,000 after buying an additional 1,053,616 shares during the period. Manning & Napier Advisors LLC purchased a new stake in Mastercard during the second quarter valued at about $259,071,000. Finally, Capital World Investors boosted its position in Mastercard by 13.3% during the first quarter. Capital World Investors now owns 3,293,617 shares of the credit services provider’s stock valued at $1,586,107,000 after buying an additional 387,317 shares during the period. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Mastercard

In related news, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the completion of the sale, the insider now owns 91,924,308 shares of the company’s stock, valued at $42,970,017,774.60. This trade 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 is available at the SEC website. In related news, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $467.45, for a total value of $50,952,050.00. Following the sale, the insider now owns 91,924,308 shares in the company, valued at approximately $42,970,017,774.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction that occurred 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 position. The disclosure for this sale can be found here. Insiders sold 327,370 shares of company stock valued at $153,495,958 over the last 90 days. Corporate insiders own 0.10% of the company’s stock.

Mastercard Stock Down 1.3 %

Shares of NYSE MA traded down $7.06 on Wednesday, reaching $522.11. 799,624 shares of the company’s stock traded hands, compared to its average volume of 2,443,651. Mastercard Incorporated has a 12 month low of $394.76 and a 12 month high of $534.03. The business’s 50 day simple moving average is $501.55 and its two-hundred day simple moving average is $469.88. The company has a market cap of $479.21 billion, a price-to-earnings ratio of 39.14, a price-to-earnings-growth ratio of 2.32 and a beta of 1.10. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share 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 the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm earned $3.39 earnings per share. As a group, equities research analysts forecast that Mastercard Incorporated will post 14.45 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.51%. The ex-dividend date was Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is currently 19.97%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Susquehanna increased their target price on shares of Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Compass Point assumed coverage on shares of Mastercard in a report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 target price for the company. TD Cowen increased their target price on shares of Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Piper Sandler reiterated an “overweight” rating and set a $565.00 target price (up from $536.00) on shares of Mastercard in a report on Friday, November 1st. Finally, William Blair upgraded shares of Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Four analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $540.17.

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.