Borer Denton & Associates Inc. Grows Stock Holdings in Mastercard Incorporated (NYSE:MA)

Borer Denton & Associates Inc. lifted its holdings in Mastercard Incorporated (NYSE:MA) by 2.4% in the third quarter, Holdings Channel reports. The firm owned 3,840 shares of the credit services provider’s stock after buying an additional 90 shares during the period. Borer Denton & Associates Inc.’s holdings in Mastercard were worth $1,896,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. International Assets Investment Management LLC boosted its holdings 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 worth $3,971,020,000 after buying an additional 8,035,099 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Mastercard by 1.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,082,729 shares of the credit services provider’s stock valued at $2,241,297,000 after acquiring an additional 71,569 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Mastercard by 2.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider’s stock worth $2,474,151,000 after buying an additional 100,550 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Mastercard by 2.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 4,327,168 shares of the credit services provider’s stock valued at $1,908,973,000 after acquiring an additional 113,238 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Mastercard by 0.9% in the 2nd quarter. American Century Companies Inc. now owns 4,250,760 shares of the credit services provider’s stock valued at $1,875,266,000 after purchasing an additional 38,380 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

MA has been the subject of a number of recent analyst reports. Bank of America raised their price target on shares of Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Argus upgraded Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. Oppenheimer assumed coverage on Mastercard in a report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 price target for the company. Citigroup upped their target price on shares of Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Four research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $549.16.

Insider Activity at Mastercard

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the sale, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This trade represents a 21.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.10% of the company’s stock.

Mastercard Trading Up 1.1 %

Shares of MA opened at $520.86 on Friday. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. Mastercard Incorporated has a 1-year low of $404.32 and a 1-year high of $534.03. The stock has a market cap of $478.06 billion, a price-to-earnings ratio of 39.40, a price-to-earnings-growth ratio of 2.29 and a beta of 1.10. The firm has a 50 day simple moving average of $506.91 and a 200-day simple moving average of $473.69.

Mastercard (NYSE:MA) last released its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. The company had revenue of $7.37 billion for the quarter, compared to analyst estimates 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 prior year, the firm earned $3.39 EPS. Equities analysts forecast that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard Announces Dividend

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

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.