Mastercard Incorporated (NYSE:MA) Shares Acquired by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. boosted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 52.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,185,081 shares of the credit services provider’s stock after purchasing an additional 409,334 shares during the period. Mastercard comprises approximately 6.0% of Montrusco Bolton Investments Inc.’s investment portfolio, making the stock its 4th biggest holding. Montrusco Bolton Investments Inc. owned approximately 0.13% of Mastercard worth $573,017,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Highline Wealth Partners LLC acquired a new position in shares of Mastercard in the third quarter worth about $25,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Mastercard in the second quarter worth about $34,000. Fairway Wealth LLC acquired a new position in shares of Mastercard in the second quarter worth about $35,000. First Personal Financial Services acquired a new position in shares of Mastercard in the third quarter worth about $39,000. Finally, Lowe Wealth Advisors LLC raised its position in shares of Mastercard by 74.0% in the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after acquiring an additional 37 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on MA. Macquarie upped their price objective on shares of Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Mizuho boosted their target price on shares of Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Citigroup boosted their target price on shares of Mastercard from $566.00 to $572.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Piper Sandler reissued an “overweight” rating and set a $575.00 target price (up previously from $565.00) on shares of Mastercard in a research note on Friday, November 15th. Finally, BNP Paribas cut shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price for the company. in a research note on Tuesday, September 3rd. Four research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and an average target price of $549.16.

Insider Transactions at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the 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 $7,363,085.66. This represents a 23.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.10% of the company’s stock.

Mastercard Stock Performance

NYSE:MA opened at $520.76 on Friday. The company’s 50-day moving average is $506.91 and its two-hundred day moving average is $473.55. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. Mastercard Incorporated has a 1-year low of $404.32 and a 1-year high of $534.03. The firm has a market capitalization of $477.97 billion, a price-to-earnings ratio of 39.39, a PEG ratio of 2.29 and a beta of 1.10.

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 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 firm had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. During the same period in the prior year, the business posted $3.39 EPS. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. Analysts forecast that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were issued a $0.66 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.51%. Mastercard’s dividend payout ratio is currently 19.97%.

About Mastercard

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.