Infusive Asset Management Inc. Cuts Position in Mastercard Incorporated (NYSE:MA)

Infusive Asset Management Inc. reduced its holdings in Mastercard Incorporated (NYSE:MA) by 0.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 24,580 shares of the credit services provider’s stock after selling 158 shares during the quarter. Mastercard comprises 5.0% of Infusive Asset Management Inc.’s holdings, making the stock its 5th biggest holding. Infusive Asset Management Inc.’s holdings in Mastercard were worth $12,138,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. LRI Investments LLC bought a new stake in shares of Mastercard in the 1st quarter valued at about $91,000. Pathway Financial Advisers LLC acquired a new stake in shares of Mastercard in the first quarter valued at approximately $170,000. Westwood Holdings Group Inc. boosted its stake in shares of Mastercard by 56.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,094 shares of the credit services provider’s stock worth $527,000 after acquiring an additional 393 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Mastercard by 4.7% in the first quarter. EverSource Wealth Advisors LLC now owns 4,952 shares of the credit services provider’s stock valued at $2,234,000 after purchasing an additional 222 shares during the last quarter. Finally, OMC Financial Services LTD bought a new stake in shares of Mastercard during the first quarter worth approximately $17,854,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. William Blair reiterated an “outperform” rating on shares of Mastercard in a research report on Monday. Piper Sandler reaffirmed an “overweight” rating and set a $575.00 target price (up previously from $565.00) on shares of Mastercard in a research note on Friday, November 15th. Macquarie raised their price objective on shares of Mastercard from $505.00 to $565.00 and gave the company an “outperform” rating in a report on Friday, November 1st. UBS Group upped their target price on Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, TD Cowen lifted their price objective on Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $549.16.

Insiders Place Their Bets

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction that occurred on 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 completion of the sale, the chief marketing officer now owns 17,118 shares in the company, valued at approximately $8,440,885.80. This trade represents a 21.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

Mastercard Trading Up 0.7 %

NYSE MA opened at $532.38 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 firm has a market cap of $488.63 billion, a PE ratio of 40.27, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The company has a 50 day moving average price of $509.57 and a 200 day moving average price of $475.63. Mastercard Incorporated has a 52 week low of $404.32 and a 52 week high of $534.03.

Mastercard (NYSE:MA) last announced its quarterly earnings data 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. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same period in the previous year, the business posted $3.39 EPS. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is 19.97%.

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.