First Long Island Investors LLC Buys 2,090 Shares of Mastercard Incorporated (NYSE:MA)

First Long Island Investors LLC increased its stake in shares of Mastercard Incorporated (NYSE:MA) by 3.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,055 shares of the credit services provider’s stock after acquiring an additional 2,090 shares during the quarter. Mastercard comprises approximately 2.7% of First Long Island Investors LLC’s holdings, making the stock its 11th largest holding. First Long Island Investors LLC’s holdings in Mastercard were worth $34,593,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sarasin & Partners LLP increased its position in shares of Mastercard by 4.7% during the 3rd quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider’s stock worth $410,813,000 after purchasing an additional 37,486 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Mastercard by 4.8% during the third quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider’s stock worth $1,497,160,000 after buying an additional 138,842 shares during the last quarter. Coppell Advisory Solutions Corp. bought a new position in shares of Mastercard in the 1st quarter worth $608,000. SteelPeak Wealth LLC increased its stake in shares of Mastercard by 48.6% in the 2nd 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 during the last quarter. Finally, OMC Financial Services LTD acquired a new stake in Mastercard in the first quarter worth $17,854,000. Institutional investors own 97.28% of the company’s stock.

Insider Activity at Mastercard

In other news, major shareholder Foundation Mastercard sold 109,000 shares of Mastercard stock in a transaction dated Monday, August 19th. The stock was 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 in the company, valued at approximately $42,970,017,774.60. The trade was a 0.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the transaction, the chief marketing officer now owns 17,118 shares in the company, valued at approximately $8,440,885.80. This represents a 21.49 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 208,370 shares of company stock valued at $97,749,218. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Macquarie upped their price target on Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. UBS Group boosted their target price on Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a report on Thursday. Morgan Stanley boosted their price target on Mastercard from $544.00 to $564.00 and gave the company an “overweight” rating in a research note on Thursday. TD Cowen boosted their price target on Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, BMO Capital Markets boosted their price target on Mastercard from $550.00 to $565.00 and gave the company an “outperform” rating in a research note on Thursday. Four analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and a consensus target price of $547.80.

Mastercard Stock Performance

NYSE:MA traded up $0.66 during trading hours on Friday, reaching $521.06. The stock had a trading volume of 683,532 shares, compared to its average volume of 2,443,630. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a 50 day simple moving average of $503.18 and a 200 day simple moving average of $470.59. Mastercard Incorporated has a 12-month low of $395.55 and a 12-month high of $534.03. The stock has a market cap of $478.24 billion, a P/E ratio of 39.53, a price-to-earnings-growth ratio of 2.28 and a beta of 1.10.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The firm had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. During the same period last 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, research analysts forecast that Mastercard Incorporated will post 14.45 EPS for the current fiscal year.

Mastercard Announces Dividend

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

Mastercard Company 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.