Bellevue Asset Management LLC Reduces Position in Mastercard Incorporated (NYSE:MA)

Bellevue Asset Management LLC lowered its position in Mastercard Incorporated (NYSE:MA) by 32.0% in the third quarter, HoldingsChannel reports. The firm owned 238 shares of the credit services provider’s stock after selling 112 shares during the period. Bellevue Asset Management LLC’s holdings in Mastercard were worth $118,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of MA. Tempus Wealth Planning LLC lifted its position in shares of Mastercard by 8.6% during the first quarter. Tempus Wealth Planning LLC now owns 659 shares of the credit services provider’s stock worth $317,000 after purchasing an additional 52 shares in the last quarter. ZRC Wealth Management LLC raised its stake in shares of Mastercard by 67.9% during the 1st quarter. ZRC Wealth Management LLC now owns 220 shares of the credit services provider’s stock worth $106,000 after buying an additional 89 shares during the last quarter. Ashton Thomas Private Wealth LLC raised its stake in shares of Mastercard by 12.8% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 8,488 shares of the credit services provider’s stock worth $4,087,000 after buying an additional 960 shares during the last quarter. China Universal Asset Management Co. Ltd. increased its position in Mastercard by 46.4% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 14,785 shares of the credit services provider’s stock worth $7,120,000 after purchasing an additional 4,685 shares in the last quarter. Finally, J.W. Cole Advisors Inc. increased its position in Mastercard by 13.6% during the 1st quarter. J.W. Cole Advisors Inc. now owns 3,722 shares of the credit services provider’s stock worth $1,791,000 after purchasing an additional 446 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Activity at Mastercard

In related 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 value of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now owns 15,031 shares in the company, valued at $7,363,085.66. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related 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 value of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now owns 15,031 shares in the company, valued at $7,363,085.66. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 119,000 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $468.46, for a total value of $55,746,740.00. Following the completion of the transaction, the insider now owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 340,809 shares of company stock worth $159,610,703 in the last quarter. 0.10% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on MA shares. Piper Sandler upped their price objective on shares of Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Royal Bank of Canada upped their price target on Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Robert W. Baird increased their target price on Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. BNP Paribas cut Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective on the stock. in a research note on Tuesday, September 3rd. Finally, Bank of America raised their price objective on Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 17th. Four equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus target price of $525.68.

Mastercard Price Performance

NYSE:MA opened at $513.96 on Thursday. The business’s 50-day moving average price is $494.33 and its 200 day moving average price is $466.27. The firm has a market cap of $474.81 billion, a P/E ratio of 39.29, a PEG ratio of 2.27 and a beta of 1.10. Mastercard Incorporated has a 52-week low of $373.11 and a 52-week high of $518.82. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95.

Mastercard (NYSE:MA) last released its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.51 by $0.08. The firm had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. As a group, sell-side analysts predict that Mastercard Incorporated will post 14.32 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be given a $0.66 dividend. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.51%. Mastercard’s dividend payout ratio (DPR) is 20.18%.

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.