Mastercard Incorporated (NYSE:MA) Stock Position Raised by Lifestyle Asset Management Inc.

Lifestyle Asset Management Inc. raised its position in shares of Mastercard Incorporated (NYSE:MA) by 2.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,385 shares of the credit services provider’s stock after purchasing an additional 61 shares during the quarter. Lifestyle Asset Management Inc.’s holdings in Mastercard were worth $1,178,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Sarasin & Partners LLP increased its stake in shares of Mastercard by 4.7% in the third quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider’s stock worth $410,813,000 after acquiring an additional 37,486 shares during the last quarter. Coppell Advisory Solutions Corp. bought a new stake in shares of Mastercard in the 1st quarter valued at approximately $608,000. SteelPeak Wealth LLC raised its position in Mastercard by 48.6% during the second quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock valued at $2,174,000 after acquiring an additional 1,612 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of Mastercard during the 1st quarter worth about $2,938,000. Finally, OMC Financial Services LTD acquired a new stake in Mastercard in the 1st quarter valued at approximately $17,854,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insiders Place Their Bets

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction on Friday, September 13th. The stock was 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 $8,440,885.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the completion of the transaction, the insider now directly owns 91,924,308 shares in the company, valued at $42,970,017,774.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the sale, the chief marketing officer now directly owns 17,118 shares in the company, valued at $8,440,885.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 327,370 shares of company stock worth $153,495,958 over the last three months. Company insiders own 0.10% of the company’s stock.

Mastercard Price Performance

MA opened at $517.88 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. The stock’s 50 day simple moving average is $498.11 and its 200 day simple moving average is $468.02. The firm has a market cap of $478.44 billion, a price-to-earnings ratio of 39.17, a PEG ratio of 2.21 and a beta of 1.10. Mastercard Incorporated has a 1 year low of $386.74 and a 1 year high of $527.90.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping the consensus estimate of $3.73 by $0.16. The company had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the previous year, the firm earned $3.39 earnings per share. As a group, analysts predict that Mastercard Incorporated will post 14.45 earnings per share for the current 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 paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Wednesday, October 9th. Mastercard’s payout ratio is currently 19.97%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on MA shares. Oppenheimer assumed coverage on shares of Mastercard in a research report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 target price on the stock. William Blair upgraded Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. TD Cowen boosted their target price on Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Piper Sandler restated an “overweight” rating and issued a $565.00 price objective (up previously from $536.00) on shares of Mastercard in a research report on Friday, November 1st. Finally, Barclays lifted their price objective on Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Four equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and a consensus price target of $540.17.

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.