William Allan Corp Cuts Position in Mastercard Incorporated (NYSE:MA)

William Allan Corp lowered its position in Mastercard Incorporated (NYSE:MA) by 0.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,768 shares of the credit services provider’s stock after selling 32 shares during the period. Mastercard accounts for about 5.0% of William Allan Corp’s investment portfolio, making the stock its 3rd largest holding. William Allan Corp’s holdings in Mastercard were worth $8,280,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of MA. Sarasin & Partners LLP lifted its position in Mastercard by 4.7% during the third quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider’s stock valued at $410,813,000 after purchasing an additional 37,486 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Mastercard by 4.8% during the 3rd quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider’s stock valued at $1,497,160,000 after buying an additional 138,842 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Mastercard by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider’s stock worth $2,474,151,000 after acquiring an additional 100,550 shares during the period. SteelPeak Wealth LLC grew its holdings in shares of Mastercard by 48.6% in the second quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock worth $2,174,000 after acquiring an additional 1,612 shares during the period. Finally, OMC Financial Services LTD purchased a new stake in Mastercard during the first quarter valued at $17,854,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on MA shares. Susquehanna increased their price objective on shares of Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. UBS Group lifted their price target on shares of Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. dropped their price target on Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. Piper Sandler reaffirmed an “overweight” rating and set a $575.00 price objective (up from $565.00) on shares of Mastercard in a report on Friday, November 15th. Finally, Robert W. Baird boosted their target price on shares of Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and an average price target of $549.16.

Mastercard Stock Performance

MA opened at $532.38 on Friday. The firm has a market capitalization of $488.63 billion, a PE ratio of 40.27, a PEG ratio of 2.37 and a beta of 1.10. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a twelve month low of $404.32 and a twelve month high of $534.03. The firm’s 50-day moving average price is $509.57 and its 200 day moving average price is $475.63.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The business had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same period in the previous year, the firm posted $3.39 EPS. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. As a group, sell-side analysts expect that Mastercard Incorporated will post 14.47 EPS for the current fiscal 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 $0.66 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.50%. Mastercard’s dividend payout ratio (DPR) is presently 19.97%.

Insider Activity at Mastercard

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction that occurred 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 owns 15,031 shares in the company, valued at approximately $7,363,085.66. The trade was a 23.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.10% of the stock is owned by insiders.

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.