Oliver Luxxe Assets LLC Acquires New Holdings in Mastercard Inc (NYSE:MA)

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Oliver Luxxe Assets LLC acquired a new stake in shares of Mastercard Inc (NYSE:MA) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,055 shares of the credit services provider’s stock, valued at approximately $283,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Joseph P. Lucia & Associates LLC acquired a new position in Mastercard during the second quarter worth about $26,000. Ellevest Inc. grew its holdings in Mastercard by 52.8% during the second quarter. Ellevest Inc. now owns 110 shares of the credit services provider’s stock worth $29,000 after acquiring an additional 38 shares during the period. Evolution Wealth Advisors LLC acquired a new position in Mastercard during the second quarter worth about $31,000. Delphi Private Advisors LLC acquired a new position in Mastercard during the second quarter worth about $31,000. Finally, Princeton Global Asset Management LLC acquired a new position in Mastercard during the second quarter worth about $33,000. Institutional investors and hedge funds own 74.32% of the company’s stock.

MA has been the topic of a number of research analyst reports. BMO Capital Markets set a $328.00 target price on Mastercard and gave the stock a “buy” rating in a report on Wednesday, July 31st. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a report on Friday, September 13th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Mastercard in a report on Tuesday, September 3rd. Royal Bank of Canada set a $315.00 target price on Mastercard and gave the stock a “buy” rating in a report on Wednesday, August 7th. Finally, Nomura lifted their target price on Mastercard from $282.00 to $324.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $299.09.

MA traded up $2.19 during trading on Tuesday, reaching $278.57. The company had a trading volume of 256,580 shares, compared to its average volume of 3,282,816. The firm’s 50-day simple moving average is $275.82 and its 200 day simple moving average is $263.13. The company has a market cap of $279.93 billion, a price-to-earnings ratio of 42.91, a PEG ratio of 2.29 and a beta of 1.06. Mastercard Inc has a 12-month low of $171.89 and a 12-month high of $293.69. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.49 and a current ratio of 1.49.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.82 by $0.07. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. The firm had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter last year, the business posted $1.66 EPS. Mastercard’s revenue was up 12.2% on a year-over-year basis. On average, sell-side analysts expect that Mastercard Inc will post 7.61 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $1.32 annualized dividend and a yield of 0.47%. Mastercard’s dividend payout ratio (DPR) is presently 20.34%.

In other Mastercard news, Director Lance Darrell Gordon Uggla bought 1,500 shares of the stock in a transaction on Thursday, August 1st. The shares were bought at an average price of $275.71 per share, with a total value of $413,565.00. Following the purchase, the director now directly owns 3,691 shares in the company, valued at approximately $1,017,645.61. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael Miebach sold 2,770 shares of Mastercard stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $285.00, for a total value of $789,450.00. Following the transaction, the insider now directly owns 12,778 shares in the company, valued at approximately $3,641,730. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 132,193 shares of company stock worth $36,316,018. Company insiders own 3.70% of the company’s stock.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

Further Reading: What is an investor looking for in an SEC filing?

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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