Brown Brothers Harriman & Co. Sells 10,226 Shares of Mastercard Incorporated (NYSE:MA)

Brown Brothers Harriman & Co. decreased its position in shares of Mastercard Incorporated (NYSE:MA) by 0.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,088,084 shares of the credit services provider’s stock after selling 10,226 shares during the quarter. Mastercard accounts for approximately 3.7% of Brown Brothers Harriman & Co.’s investment portfolio, making the stock its 6th largest holding. Brown Brothers Harriman & Co. owned 0.12% of Mastercard worth $537,296,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MA. Goldstein Advisors LLC lifted its holdings in Mastercard by 1.3% in the third quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock valued at $749,000 after acquiring an additional 20 shares during the period. McLean Asset Management Corp increased its holdings in shares of Mastercard by 1.3% in the 3rd quarter. McLean Asset Management Corp now owns 1,677 shares of the credit services provider’s stock valued at $834,000 after purchasing an additional 21 shares in the last quarter. Oldfather Financial Services LLC lifted its stake in shares of Mastercard by 2.6% in the third quarter. Oldfather Financial Services LLC now owns 827 shares of the credit services provider’s stock valued at $408,000 after purchasing an additional 21 shares during the period. Transcendent Capital Group LLC boosted its holdings in Mastercard by 4.8% during the third quarter. Transcendent Capital Group LLC now owns 455 shares of the credit services provider’s stock worth $225,000 after buying an additional 21 shares in the last quarter. Finally, Guerra Pan Advisors LLC grew its position in Mastercard by 1.7% during the third quarter. Guerra Pan Advisors LLC now owns 1,225 shares of the credit services provider’s stock worth $605,000 after buying an additional 21 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling

In related 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 transaction of $2,294,994.10. Following the sale, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at $7,363,085.66. The trade was a 23.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on MA shares. Royal Bank of Canada reissued an “outperform” rating and set a $572.00 price target on shares of Mastercard in a research note on Thursday, November 14th. Citigroup boosted their target price on Mastercard from $566.00 to $572.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. TD Cowen raised their price target on Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Oppenheimer started coverage on shares of Mastercard in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price objective on the stock. Finally, Piper Sandler reissued an “overweight” rating and issued a $575.00 price objective (up from $565.00) on shares of Mastercard in a research note on Friday, November 15th. Four research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $549.16.

Mastercard Price Performance

MA opened at $520.86 on Monday. The company has a 50 day moving average of $506.91 and a two-hundred day moving average of $473.83. Mastercard Incorporated has a 52-week low of $404.32 and a 52-week high of $534.03. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. The company has a market cap of $478.06 billion, a P/E ratio of 39.40, a P/E/G ratio of 2.32 and a beta of 1.10.

Mastercard (NYSE:MA) last announced its quarterly earnings results 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. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same period in the prior year, the company earned $3.39 EPS. The firm’s revenue was up 12.8% on a year-over-year basis. On average, analysts expect that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Dividend Announcement

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

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.