OneDigital Investment Advisors LLC Boosts Holdings in Mastercard Incorporated (NYSE:MA)

OneDigital Investment Advisors LLC lifted its stake in Mastercard Incorporated (NYSE:MA) by 4.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,548 shares of the credit services provider’s stock after purchasing an additional 792 shares during the period. OneDigital Investment Advisors LLC’s holdings in Mastercard were worth $8,665,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MA. Highline Wealth Partners LLC acquired a new stake in Mastercard in the third quarter valued at $25,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Mastercard during the 2nd quarter worth about $34,000. Fairway Wealth LLC purchased a new position in shares of Mastercard in the 2nd quarter valued at about $35,000. First Personal Financial Services acquired a new stake in shares of Mastercard during the 3rd quarter worth about $39,000. Finally, Lowe Wealth Advisors LLC lifted its stake in Mastercard by 74.0% during the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 37 shares during the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Trading Down 0.3 %

NYSE MA opened at $520.40 on Friday. 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 stock has a market capitalization of $477.64 billion, a P/E ratio of 39.36, a P/E/G ratio of 2.28 and a beta of 1.10. Mastercard Incorporated has a 52-week low of $394.76 and a 52-week high of $534.03. The firm has a 50-day moving average price of $502.32 and a 200 day moving average price of $470.24.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.73 by $0.16. The business had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period last year, the firm earned $3.39 EPS. Equities research analysts expect that Mastercard Incorporated will post 14.45 EPS for the current year.

Mastercard Announces Dividend

The business also recently disclosed 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. This represents a $2.64 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Wednesday, October 9th. Mastercard’s dividend payout ratio is currently 19.97%.

Insiders Place Their Bets

In other Mastercard news, major shareholder Foundation Mastercard sold 109,000 shares of the business’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 sale, the insider now directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 208,370 shares of company stock worth $97,749,218. 0.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

MA has been the topic of several recent analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $572.00 price target on shares of Mastercard in a research note on Thursday. Piper Sandler reiterated an “overweight” rating and set a $565.00 price target (up from $536.00) on shares of Mastercard in a research note on Friday, November 1st. Barclays boosted their price target on shares of Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Susquehanna raised their price objective on Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $547.40.

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.