Mastercard Incorporated (NYSE:MA) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC lifted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 13.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 42,755 shares of the credit services provider’s stock after buying an additional 5,165 shares during the period. Intech Investment Management LLC’s holdings in Mastercard were worth $21,112,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Mastercard by 7.8% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 231,585 shares of the credit services provider’s stock valued at $114,357,000 after purchasing an additional 16,657 shares during the last quarter. King Luther Capital Management Corp raised its position in Mastercard by 4.2% during the 3rd quarter. King Luther Capital Management Corp now owns 155,280 shares of the credit services provider’s stock worth $76,677,000 after buying an additional 6,253 shares during the last quarter. Cornerstone Advisors LLC lifted its stake in shares of Mastercard by 2.4% in the 3rd quarter. Cornerstone Advisors LLC now owns 47,600 shares of the credit services provider’s stock worth $23,505,000 after acquiring an additional 1,100 shares during the period. Citizens Financial Group Inc. RI boosted its holdings in shares of Mastercard by 15.1% in the third quarter. Citizens Financial Group Inc. RI now owns 11,152 shares of the credit services provider’s stock valued at $5,507,000 after acquiring an additional 1,464 shares in the last quarter. Finally, Altman Advisors Inc. acquired a new position in shares of Mastercard during the third quarter worth about $1,949,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. William Blair upgraded shares of Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Robert W. Baird lifted their price target on Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. UBS Group increased their price objective on Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Morgan Stanley boosted their target price on shares of Mastercard from $544.00 to $564.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $575.00 price objective (up previously from $565.00) on shares of Mastercard in a research note on Friday, November 15th. Four research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and an average price target of $549.16.

Mastercard Price Performance

MA opened at $512.54 on Thursday. Mastercard Incorporated has a 52-week low of $404.32 and a 52-week high of $534.03. The company has a 50 day moving average of $505.90 and a two-hundred day moving average of $472.76. The company has a market cap of $470.42 billion, a P/E ratio of 38.77, a P/E/G ratio of 2.31 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.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The company had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter in the previous year, the firm posted $3.39 earnings per share. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. On average, analysts expect that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were paid a dividend of $0.66 per share. The ex-dividend date of this dividend 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 currently 19.97%.

Insider Transactions at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction 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. This trade represents a 21.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

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.