Mastercard Incorporated (NYSE:MA) Position Raised by America First Investment Advisors LLC

America First Investment Advisors LLC raised its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,362 shares of the credit services provider’s stock after buying an additional 289 shares during the quarter. Mastercard comprises about 5.0% of America First Investment Advisors LLC’s holdings, making the stock its 10th largest position. America First Investment Advisors LLC’s holdings in Mastercard were worth $22,400,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC increased its stake in Mastercard by 120,665.3% in the third quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock valued at $3,971,020,000 after acquiring an additional 8,035,099 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Mastercard by 1.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,082,729 shares of the credit services provider’s stock valued at $2,241,297,000 after purchasing an additional 71,569 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Mastercard by 2.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 4,327,168 shares of the credit services provider’s stock valued at $1,908,973,000 after buying an additional 113,238 shares in the last quarter. American Century Companies Inc. lifted its position in Mastercard by 0.9% in the 2nd quarter. American Century Companies Inc. now owns 4,250,760 shares of the credit services provider’s stock worth $1,875,266,000 after buying an additional 38,380 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Mastercard by 6.0% in the second quarter. Dimensional Fund Advisors LP now owns 3,986,604 shares of the credit services provider’s stock worth $1,758,773,000 after buying an additional 227,111 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Down 1.3 %

Shares of Mastercard stock opened at $512.54 on Thursday. The company has a 50-day simple moving average of $505.90 and a two-hundred day simple moving average of $472.76. The stock has a market capitalization of $470.42 billion, a PE ratio of 38.77, a price-to-earnings-growth ratio of 2.31 and a beta of 1.10. Mastercard Incorporated has a 52-week low of $404.32 and a 52-week 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.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share 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 company had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. During the same period in the previous year, the business earned $3.39 EPS. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, analysts anticipate that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were paid a $0.66 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.52%. Mastercard’s dividend payout ratio is presently 19.97%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Susquehanna lifted their price target on shares of Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. TD Cowen lifted their target price on shares of Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Bank of America upped their price target on shares of Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. Piper Sandler reiterated an “overweight” rating and issued a $575.00 price objective (up previously from $565.00) on shares of Mastercard in a report on Friday, November 15th. Finally, Citigroup increased their target price on Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a report on Monday, November 4th. Four equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $549.16.

Insider Activity

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the transaction, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. This trade represents a 23.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.10% of the stock is owned by corporate 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.