Regatta Capital Group LLC Grows Stock Holdings in Mastercard Incorporated (NYSE:MA)

Regatta Capital Group LLC grew its holdings in Mastercard Incorporated (NYSE:MA) by 1.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,867 shares of the credit services provider’s stock after acquiring an additional 40 shares during the period. Regatta Capital Group LLC’s holdings in Mastercard were worth $1,416,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Petredis Investment Advisors LLC boosted its position in shares of Mastercard by 0.3% in the third quarter. Petredis Investment Advisors LLC now owns 8,719 shares of the credit services provider’s stock worth $4,305,000 after buying an additional 30 shares during the period. Prospect Financial Services LLC acquired a new position in Mastercard during the 3rd quarter worth approximately $349,000. Luts & Greenleigh Group Inc. boosted its holdings in Mastercard by 31.4% in the 3rd quarter. Luts & Greenleigh Group Inc. now owns 799 shares of the credit services provider’s stock worth $395,000 after acquiring an additional 191 shares during the period. Investment Advisory Group LLC grew its position in Mastercard by 4.5% in the third quarter. Investment Advisory Group LLC now owns 695 shares of the credit services provider’s stock valued at $343,000 after acquiring an additional 30 shares in the last quarter. Finally, Dover Advisors LLC purchased a new stake in shares of Mastercard during the third quarter valued at approximately $216,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Trading Up 0.1 %

Shares of NYSE MA opened at $507.23 on Wednesday. Mastercard Incorporated has a 12-month low of $359.77 and a 12-month high of $509.88. The company has a market cap of $471.53 billion, a price-to-earnings ratio of 40.32, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. The stock’s 50 day simple moving average is $483.26 and its 200 day simple moving average is $463.24.

Mastercard (NYSE:MA) last posted its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.51 by $0.08. The company had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. Equities research analysts expect that Mastercard Incorporated will post 14.3 EPS for the current year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is 20.99%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MA. Oppenheimer started coverage on shares of Mastercard in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 target price for the company. Compass Point initiated coverage on Mastercard in a research note on Wednesday, September 4th. They set a “neutral” rating and a $525.00 target price for the company. BMO Capital Markets reiterated an “outperform” rating and issued a $520.00 price target on shares of Mastercard in a research note on Wednesday, August 14th. KeyCorp raised their price objective on Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Finally, JPMorgan Chase & Co. upped their target price on Mastercard from $500.00 to $570.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. Four investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $523.27.

Insider Buying and Selling at Mastercard

In other news, major shareholder Foundation Mastercard sold 119,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the completion of the transaction, the insider now directly owns 92,033,308 shares in the company, valued at approximately $43,113,923,465.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the sale, the chief financial officer now directly owns 27,304 shares in the company, valued at approximately $12,423,320. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 119,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the completion of the sale, the insider now directly owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 340,809 shares of company stock worth $159,610,703. 0.10% of the stock is owned by company insiders.

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.