Accretive Wealth Partners LLC Has $1.23 Million Position in Mastercard Incorporated (NYSE:MA)

Accretive Wealth Partners LLC trimmed its holdings in Mastercard Incorporated (NYSE:MA) by 2.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,490 shares of the credit services provider’s stock after selling 74 shares during the quarter. Accretive Wealth Partners LLC’s holdings in Mastercard were worth $1,229,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in MA. International Assets Investment Management LLC lifted its position in shares of 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 worth $3,971,020,000 after purchasing an additional 8,035,099 shares in the last quarter. Swedbank AB acquired a new stake in Mastercard in the first quarter worth about $660,652,000. PineStone Asset Management Inc. lifted its holdings in 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 valued at $784,148,000 after buying an additional 1,053,616 shares during the period. Manning & Napier Advisors LLC acquired a new stake in Mastercard during the 2nd quarter worth $259,071,000. Finally, Lone Pine Capital LLC raised its position in shares of Mastercard by 53.4% during the 2nd quarter. Lone Pine Capital LLC now owns 1,043,557 shares of the credit services provider’s stock valued at $460,376,000 after acquiring an additional 363,133 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Trading Up 0.5 %

Shares of NYSE:MA opened at $515.10 on Friday. The business’s 50 day simple moving average is $506.36 and its 200 day simple moving average is $473.05. Mastercard Incorporated has a 1 year low of $404.32 and a 1 year high of $534.03. 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 company has a market capitalization of $472.77 billion, a P/E ratio of 38.96, a P/E/G ratio of 2.31 and a beta of 1.10.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. The business had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. Mastercard’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.39 earnings per share. On average, research analysts anticipate that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard Dividend Announcement

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

Analyst Ratings Changes

MA has been the topic of several recent research reports. William Blair upgraded Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Susquehanna boosted their price objective on shares of Mastercard from $540.00 to $605.00 and gave the company a “positive” rating in a research report on Friday, November 1st. BNP Paribas downgraded Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target for the company. in a research report on Tuesday, September 3rd. Oppenheimer started coverage on Mastercard in a report on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price objective for the company. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $572.00 price target on shares of Mastercard in a research report on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $549.16.

Insider Buying and Selling

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now directly owns 15,031 shares in the company, valued at approximately $7,363,085.66. This represents a 23.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is owned by corporate insiders.

About Mastercard

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.