Mastercard Incorporated (NYSE:MA) Shares Sold by Channing Global Advisors LLC

Channing Global Advisors LLC decreased its stake in Mastercard Incorporated (NYSE:MA) by 0.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,969 shares of the credit services provider’s stock after selling 27 shares during the quarter. Mastercard makes up 2.9% of Channing Global Advisors LLC’s holdings, making the stock its 13th biggest position. Channing Global Advisors LLC’s holdings in Mastercard were worth $3,441,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Highline Wealth Partners LLC acquired a new position in Mastercard in the 3rd quarter valued at $25,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Mastercard during the second quarter worth $34,000. First Personal Financial Services acquired a new stake in shares of Mastercard in the third quarter valued at about $39,000. Fairway Wealth LLC acquired a new position in Mastercard during the second quarter worth about $35,000. Finally, Lowe Wealth Advisors LLC grew its stake in Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after acquiring an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Up 0.7 %

Shares of MA opened at $532.38 on Friday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market capitalization of $488.63 billion, a PE ratio of 40.27, a P/E/G ratio of 2.37 and a beta of 1.10. The company’s 50-day simple moving average is $509.57 and its 200-day simple moving average is $475.63. Mastercard Incorporated has a 1 year low of $404.32 and a 1 year high of $534.03.

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

Mastercard Announces Dividend

The business also recently announced 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. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.50%. Mastercard’s payout ratio is 19.97%.

Analyst Ratings Changes

A number of research firms have weighed in on MA. Barclays raised their target price on shares of Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft boosted their price objective on Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. BMO Capital Markets raised their target price on Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. KeyCorp boosted their price target on shares of Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $575.00 target price (up from $565.00) on shares of Mastercard in a research note on Friday, November 15th. Four analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $549.16.

Insiders Place Their Bets

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’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 completion of the transaction, the chief marketing officer now owns 15,031 shares in the company, valued at $7,363,085.66. The trade was a 23.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.10% of the stock is owned by company 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.