Mastercard Incorporated (NYSE:MA) is MeadowBrook Investment Advisors LLC’s 9th Largest Position

MeadowBrook Investment Advisors LLC trimmed its holdings in Mastercard Incorporated (NYSE:MA) by 0.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,291 shares of the credit services provider’s stock after selling 40 shares during the period. Mastercard comprises approximately 2.3% of MeadowBrook Investment Advisors LLC’s holdings, making the stock its 9th largest holding. MeadowBrook Investment Advisors LLC’s holdings in Mastercard were worth $2,613,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Intelligence Driven Advisers LLC boosted its holdings in shares of Mastercard by 4.0% during the third quarter. Intelligence Driven Advisers LLC now owns 3,041 shares of the credit services provider’s stock valued at $1,502,000 after acquiring an additional 117 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its stake in Mastercard by 2.6% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 73,840 shares of the credit services provider’s stock valued at $36,462,000 after purchasing an additional 1,848 shares during the period. Metis Global Partners LLC increased its stake in shares of Mastercard by 3.0% in the third quarter. Metis Global Partners LLC now owns 50,259 shares of the credit services provider’s stock valued at $24,818,000 after purchasing an additional 1,448 shares during the period. Curi RMB Capital LLC raised its holdings in shares of Mastercard by 9.3% during the third quarter. Curi RMB Capital LLC now owns 39,623 shares of the credit services provider’s stock valued at $19,566,000 after buying an additional 3,356 shares during the last quarter. Finally, Bretton Capital Management LLC acquired a new position in shares of Mastercard during the third quarter worth approximately $4,632,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on MA. Citigroup boosted their price target on Mastercard from $566.00 to $572.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Compass Point assumed coverage on shares of Mastercard in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price target on the stock. Barclays raised their price objective on Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Oppenheimer initiated coverage on shares of Mastercard in a report on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Four analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $545.56.

Mastercard Trading Down 0.1 %

MA stock traded down $0.47 during midday trading on Thursday, hitting $521.41. 367,182 shares of the company’s stock were exchanged, compared to its average volume of 2,442,771. Mastercard Incorporated has a one year low of $394.76 and a one year high of $534.03. 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 company has a market cap of $478.57 billion, a PE ratio of 39.45, a price-to-earnings-growth ratio of 2.32 and a beta of 1.10. The stock’s fifty day moving average price is $502.32 and its 200-day moving average price is $470.24.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. Mastercard’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.39 EPS. Research analysts predict that Mastercard Incorporated will post 14.45 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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 dividend payout ratio is currently 19.97%.

Insider Transactions at Mastercard

In other news, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the completion of the transaction, the insider now directly owns 91,924,308 shares of the company’s stock, valued at $42,970,017,774.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder Foundation Mastercard sold 109,000 shares of the company’s stock in a transaction dated 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 owns 91,924,308 shares in the company, valued at approximately $42,970,017,774.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s 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 of the company’s stock, valued at approximately $7,363,085.66. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 327,370 shares of company stock valued at $153,495,958 over the last three months. Company 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.