Arthur M. Cohen & Associates LLC Acquires 239 Shares of Mastercard Incorporated (NYSE:MA)

Arthur M. Cohen & Associates LLC grew its holdings in Mastercard Incorporated (NYSE:MA) by 5.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,886 shares of the credit services provider’s stock after acquiring an additional 239 shares during the period. Arthur M. Cohen & Associates LLC’s holdings in Mastercard were worth $2,425,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Highline Wealth Partners LLC acquired a new position in Mastercard during the 3rd quarter valued at $25,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Mastercard in the 2nd quarter valued at $34,000. Fairway Wealth LLC acquired a new position in shares of Mastercard in the 2nd quarter valued at $35,000. Lowe Wealth Advisors LLC raised its stake in shares of Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after buying an additional 37 shares in the last quarter. Finally, VitalStone Financial LLC raised its stake in shares of Mastercard by 55.0% in the 1st quarter. VitalStone Financial LLC now owns 93 shares of the credit services provider’s stock valued at $45,000 after buying an additional 33 shares in the last quarter. 97.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. TD Cowen increased their price objective on shares of Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Argus raised shares of Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. reduced their target price on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a research note on Friday. BMO Capital Markets reaffirmed an “outperform” rating and issued a $520.00 target price on shares of Mastercard in a research note on Wednesday, August 14th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $565.00 target price (up previously from $536.00) on shares of Mastercard in a research note on Friday. Four research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $540.17.

Insiders Place Their Bets

In other Mastercard news, major shareholder Foundation Mastercard sold 109,000 shares of Mastercard stock in a transaction 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, 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 completion of the sale, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 109,000 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $467.45, for a total value 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 approximately $42,970,017,774.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 327,370 shares of company stock valued at $153,495,958 over the last ninety days. 0.10% of the stock is currently owned by company insiders.

Mastercard Price Performance

NYSE:MA opened at $505.58 on Tuesday. Mastercard Incorporated has a 1-year low of $384.20 and a 1-year high of $527.90. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. The firm has a fifty day simple moving average of $496.51 and a 200 day simple moving average of $467.30. The stock has a market capitalization of $467.08 billion, a PE ratio of 38.24, a P/E/G ratio of 2.23 and a beta of 1.10.

Mastercard (NYSE:MA) last released its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share 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 last year, the business earned $3.39 earnings per share. The firm’s revenue was up 12.8% on a year-over-year basis. On average, research analysts expect that Mastercard Incorporated will post 14.4 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be given a dividend of $0.66 per share. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.52%. Mastercard’s dividend payout ratio (DPR) is 19.97%.

Mastercard 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.