Mastercard Incorporated (NYSE:MA) Shares Sold by Townsend Asset Management Corp NC ADV

Townsend Asset Management Corp NC ADV decreased its holdings in Mastercard Incorporated (NYSE:MA) by 5.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 898 shares of the credit services provider’s stock after selling 47 shares during the quarter. Townsend Asset Management Corp NC ADV’s holdings in Mastercard were worth $443,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Swedbank AB purchased a new stake in shares of Mastercard in the 1st quarter valued at approximately $660,652,000. PineStone Asset Management Inc. lifted its position in shares of Mastercard by 145.6% in the second quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock worth $784,148,000 after purchasing an additional 1,053,616 shares in the last quarter. Manning & Napier Advisors LLC purchased a new stake in shares of Mastercard in the second quarter worth approximately $259,071,000. Capital World Investors grew 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 purchasing an additional 387,317 shares in the last quarter. Finally, Lone Pine Capital LLC grew its position in Mastercard by 53.4% during the second quarter. Lone Pine Capital LLC now owns 1,043,557 shares of the credit services provider’s stock valued at $460,376,000 after purchasing an additional 363,133 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

NYSE MA opened at $515.01 on Tuesday. The company’s fifty day moving average is $488.09 and its two-hundred day moving average is $464.33. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week high of $518.82. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $478.76 billion, a price-to-earnings ratio of 40.94, a P/E/G ratio of 2.22 and a beta of 1.10.

Mastercard (NYSE:MA) last released its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $3.51 by $0.08. The business had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. Equities research analysts forecast that Mastercard Incorporated will post 14.3 EPS for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio is presently 20.99%.

Insider Activity at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the sale, the chief financial officer now owns 27,304 shares of the company’s stock, valued at $12,423,320. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the sale, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 340,809 shares of company stock worth $159,610,703. 0.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

MA has been the subject of a number of research reports. Oppenheimer assumed coverage on shares of Mastercard in a research note on Tuesday, October 1st. They set an “outperform” rating and a $591.00 target price for the company. Bank of America boosted their target price on Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. JPMorgan Chase & Co. raised their price target on Mastercard from $570.00 to $593.00 and gave the stock 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 company a “buy” rating in a research note on Thursday, August 1st. Finally, Susquehanna raised their price objective on shares of Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $525.68.

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.