Meeder Advisory Services Inc. Acquires 399 Shares of Mastercard Incorporated (NYSE:MA)

Meeder Advisory Services Inc. lifted its position in Mastercard Incorporated (NYSE:MA) by 2.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,918 shares of the credit services provider’s stock after purchasing an additional 399 shares during the period. Meeder Advisory Services Inc.’s holdings in Mastercard were worth $7,860,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MA. Goldstein Advisors LLC increased its stake in shares of Mastercard by 1.3% during the 3rd quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock worth $749,000 after purchasing an additional 20 shares in the last quarter. McLean Asset Management Corp increased its stake in shares of Mastercard by 1.3% during the 3rd quarter. McLean Asset Management Corp now owns 1,677 shares of the credit services provider’s stock worth $834,000 after purchasing an additional 21 shares in the last quarter. Oldfather Financial Services LLC boosted its position in Mastercard by 2.6% during the third quarter. Oldfather Financial Services LLC now owns 827 shares of the credit services provider’s stock worth $408,000 after acquiring an additional 21 shares during the last quarter. Transcendent Capital Group LLC boosted its holdings in shares of Mastercard by 4.8% in the 3rd quarter. Transcendent Capital Group LLC now owns 455 shares of the credit services provider’s stock valued at $225,000 after purchasing an additional 21 shares during the last quarter. Finally, Guerra Pan Advisors LLC boosted its holdings in shares of Mastercard by 1.7% in the 3rd quarter. Guerra Pan Advisors LLC now owns 1,225 shares of the credit services provider’s stock valued at $605,000 after purchasing an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Trading Up 0.2 %

Shares of Mastercard stock opened at $522.93 on Monday. The stock has a market capitalization of $479.96 billion, a P/E ratio of 39.48, a price-to-earnings-growth ratio of 2.28 and a beta of 1.10. 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 company has a 50-day simple moving average of $504.09 and a 200 day simple moving average of $471.38. Mastercard Incorporated has a 12-month low of $398.26 and a 12-month high of $534.03.

Mastercard (NYSE:MA) last announced 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. 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 quarter last year, the company posted $3.39 EPS. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. Research analysts expect that Mastercard Incorporated will post 14.47 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. Investors of record on Wednesday, October 9th were paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.50%. The ex-dividend date was Wednesday, October 9th. Mastercard’s payout ratio is 19.97%.

Insider Buying and Selling

In other Mastercard news, 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 transaction of $2,294,994.10. Following the sale, the chief marketing officer now directly owns 15,031 shares in the company, valued at approximately $7,363,085.66. This trade represents a 23.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 90,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the completion of the transaction, the insider now directly owns 91,649,308 shares of the company’s stock, valued at $42,965,195,590.40. This represents a 0.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 99,370 shares of company stock valued at $46,797,168 in the last 90 days. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of research analyst reports. William Blair upgraded shares of Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Piper Sandler restated an “overweight” rating and set a $575.00 target price (up previously from $565.00) on shares of Mastercard in a report on Friday. TD Cowen lifted their target price on shares of Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a report on Friday. JPMorgan Chase & Co. dropped their price target on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Finally, Macquarie lifted their price target on shares of Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Four analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $549.16.

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.