Boston Family Office LLC Purchases 250 Shares of Mastercard Incorporated (NYSE:MA)

Boston Family Office LLC increased its position in Mastercard Incorporated (NYSE:MA) by 18.5% in the 3rd quarter, Holdings Channel reports. The firm owned 1,600 shares of the credit services provider’s stock after buying an additional 250 shares during the quarter. Boston Family Office LLC’s holdings in Mastercard were worth $790,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. raised its holdings in shares of Mastercard by 46.4% in the first quarter. China Universal Asset Management Co. Ltd. now owns 14,785 shares of the credit services provider’s stock valued at $7,120,000 after buying an additional 4,685 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Mastercard in the first quarter valued at about $391,000. Kennedy Capital Management LLC bought a new position in shares of Mastercard in the first quarter valued at about $5,512,000. Redwood Investment Management LLC raised its holdings in shares of Mastercard by 10.3% in the first quarter. Redwood Investment Management LLC now owns 4,085 shares of the credit services provider’s stock valued at $1,967,000 after buying an additional 382 shares during the last quarter. Finally, Coppell Advisory Solutions Corp. bought a new position in shares of Mastercard in the first quarter valued at about $608,000. 97.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MA. Macquarie lifted their price objective on Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. William Blair reiterated an “outperform” rating on shares of Mastercard in a research report on Monday. Piper Sandler reiterated an “overweight” rating and issued a $575.00 price objective (up from $565.00) on shares of Mastercard in a research report on Friday, November 15th. BMO Capital Markets lifted their price objective on Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Finally, Bank of America lifted their price objective on Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. Four equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and a consensus target price of $549.16.

Insider Buying and Selling at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction 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 sale, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. This represents a 23.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.10% of the company’s stock.

Mastercard Stock Performance

Shares of NYSE MA opened at $526.60 on Tuesday. 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’s fifty day moving average price is $507.49 and its two-hundred day moving average price is $474.33. Mastercard Incorporated has a one year low of $404.32 and a one year high of $534.03. The firm has a market cap of $483.33 billion, a price-to-earnings ratio of 39.83, a P/E/G ratio of 2.32 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its quarterly earnings data 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. 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 analyst estimates of $7.27 billion. During the same period in the prior year, the firm posted $3.39 EPS. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, equities analysts forecast that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard Dividend Announcement

The company also recently disclosed 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 yield of 0.50%. The ex-dividend date was Wednesday, October 9th. Mastercard’s dividend payout ratio is 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.