Forum Financial Management LP Raises Position in Mastercard Incorporated (NYSE:MA)

Forum Financial Management LP lifted its stake in Mastercard Incorporated (NYSE:MA) by 1.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,890 shares of the credit services provider’s stock after purchasing an additional 59 shares during the period. Forum Financial Management LP’s holdings in Mastercard were worth $1,921,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MA. Robeco Institutional Asset Management B.V. increased its holdings in Mastercard by 3.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 661,914 shares of the credit services provider’s stock worth $326,853,000 after acquiring an additional 18,996 shares in the last quarter. BSW Wealth Partners increased its stake in Mastercard by 5.2% in the 3rd quarter. BSW Wealth Partners now owns 2,069 shares of the credit services provider’s stock worth $1,022,000 after buying an additional 102 shares in the last quarter. Angeles Wealth Management LLC lifted its holdings in shares of Mastercard by 17.8% in the third quarter. Angeles Wealth Management LLC now owns 6,150 shares of the credit services provider’s stock worth $3,037,000 after buying an additional 931 shares in the last quarter. Van ECK Associates Corp grew its stake in Mastercard by 10.3% during the third quarter. Van ECK Associates Corp now owns 177,896 shares of the credit services provider’s stock valued at $91,390,000 after acquiring an additional 16,556 shares in the last quarter. Finally, Prosperitas Financial LLC increased its holdings in Mastercard by 5.4% in the 3rd quarter. Prosperitas Financial LLC now owns 5,486 shares of the credit services provider’s stock valued at $2,709,000 after acquiring an additional 283 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Performance

MA stock opened at $508.08 on Monday. The firm has a 50-day simple moving average of $495.77 and a two-hundred day simple moving average of $466.94. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.14 and a current ratio of 1.29. Mastercard Incorporated has a one year low of $378.48 and a one year high of $527.90. The firm has a market cap of $469.38 billion, a price-to-earnings ratio of 38.43, a PEG ratio of 2.21 and a beta of 1.10.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. During the same period in the previous year, the company earned $3.39 earnings per share. The business’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 14.35 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 19.97%.

Insiders Place Their Bets

In other news, major shareholder Foundation Mastercard sold 109,000 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the transaction, the insider now owns 91,924,308 shares in the company, valued at $42,970,017,774.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 value 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 $7,363,085.66. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 109,000 shares of Mastercard stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $467.45, for a total value of $50,952,050.00. Following the transaction, the insider now owns 91,924,308 shares of the company’s stock, valued at approximately $42,970,017,774.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 327,370 shares of company stock valued at $153,495,958. 0.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. William Blair upgraded Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. BMO Capital Markets restated an “outperform” rating and set a $520.00 price target on shares of Mastercard in a report on Wednesday, August 14th. Piper Sandler reaffirmed an “overweight” rating and issued a $565.00 price objective (up previously from $536.00) on shares of Mastercard in a research note on Friday. Barclays raised their target price on shares of Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Finally, TD Cowen upped their price target on shares of Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Four analysts have rated the stock with a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $537.92.

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.