Mastercard Incorporated (NYSE:MA) Position Lifted by Borer Denton & Associates Inc.

Borer Denton & Associates Inc. raised its stake in Mastercard Incorporated (NYSE:MA) by 2.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 3,840 shares of the credit services provider’s stock after purchasing an additional 90 shares during the period. Borer Denton & Associates Inc.’s holdings in Mastercard were worth $1,896,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. China Universal Asset Management Co. Ltd. increased its stake in Mastercard by 46.4% during 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 purchasing an additional 4,685 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Mastercard during the 1st quarter valued at about $391,000. Mount Yale Investment Advisors LLC raised its stake in Mastercard by 2.1% during the first quarter. Mount Yale Investment Advisors LLC now owns 4,217 shares of the credit services provider’s stock worth $2,031,000 after acquiring an additional 86 shares during the period. Bornite Capital Management LP bought a new position in Mastercard in the first quarter worth about $14,447,000. Finally, Zurich Insurance Group Ltd FI boosted its stake in Mastercard by 3.4% in the first quarter. Zurich Insurance Group Ltd FI now owns 290,836 shares of the credit services provider’s stock valued at $140,058,000 after acquiring an additional 9,606 shares during the period. Institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on MA shares. Oppenheimer started coverage on Mastercard in a research report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 price target on the stock. BNP Paribas lowered shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target for the company. in a research report on Tuesday, September 3rd. Piper Sandler restated an “overweight” rating and issued a $575.00 target price (up previously from $565.00) on shares of Mastercard in a research report on Friday, November 15th. KeyCorp lifted their price target on Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Finally, Mizuho increased their price objective on Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $549.16.

Mastercard Price Performance

MA opened at $520.86 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. The stock has a fifty day simple moving average of $506.91 and a two-hundred day simple moving average of $473.69. The company has a market cap of $478.06 billion, a price-to-earnings ratio of 39.40, a price-to-earnings-growth ratio of 2.29 and a beta of 1.10. Mastercard Incorporated has a 12-month low of $404.32 and a 12-month high of $534.03.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. The company had revenue of $7.37 billion during the quarter, compared to analyst estimates 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 business earned $3.39 EPS. Research analysts predict that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were given a dividend of $0.66 per share. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.51%. Mastercard’s payout ratio is 19.97%.

Insider Buying and Selling at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard 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 completion of the transaction, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at $7,363,085.66. This trade represents a 23.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.10% 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. 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.