Archford Capital Strategies LLC Acquires 239 Shares of Mastercard Incorporated (NYSE:MA)

Archford Capital Strategies LLC grew its position in shares of Mastercard Incorporated (NYSE:MA) by 4.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,877 shares of the credit services provider’s stock after acquiring an additional 239 shares during the period. Archford Capital Strategies LLC’s holdings in Mastercard were worth $2,043,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Ayalon Holdings Ltd. raised its stake in shares of Mastercard by 14.3% during the second quarter. Ayalon Holdings Ltd. now owns 5,860 shares of the credit services provider’s stock valued at $2,172,000 after acquiring an additional 733 shares during the last quarter. Ninety One North America Inc. raised its stake in shares of Mastercard by 5.7% during the second quarter. Ninety One North America Inc. now owns 56,839 shares of the credit services provider’s stock valued at $20,751,000 after acquiring an additional 3,066 shares during the last quarter. Tranquility Partners LLC raised its stake in shares of Mastercard by 5.3% during the second quarter. Tranquility Partners LLC now owns 5,591 shares of the credit services provider’s stock valued at $2,041,000 after acquiring an additional 279 shares during the last quarter. DSM Capital Partners LLC increased its position in shares of Mastercard by 10.5% during the second quarter. DSM Capital Partners LLC now owns 441,872 shares of the credit services provider’s stock valued at $161,323,000 after buying an additional 42,163 shares during the period. Finally, Bfsg LLC increased its position in shares of Mastercard by 1.5% during the second quarter. Bfsg LLC now owns 10,140 shares of the credit services provider’s stock valued at $3,702,000 after buying an additional 146 shares during the period. 73.78% of the stock is owned by hedge funds and other institutional investors.

MA has been the topic of several research analyst reports. Compass Point boosted their price target on shares of Mastercard from $430.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, July 30th. Royal Bank of Canada reduced their price target on shares of Mastercard from $412.00 to $403.00 and set an “outperform” rating on the stock in a research report on Friday, October 29th. Barclays boosted their price target on shares of Mastercard from $452.00 to $455.00 and gave the company an “overweight” rating in a research report on Monday, August 2nd. JPMorgan Chase & Co. upped their price objective on shares of Mastercard from $427.00 to $430.00 and gave the stock an “overweight” rating in a report on Tuesday, August 17th. Finally, Wells Fargo & Company upped their price objective on shares of Mastercard from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Thursday, November 11th. Two equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $426.57.

In other news, major shareholder Foundation Mastercard sold 90,994 shares of the business’s stock in a transaction on Friday, November 19th. The shares were sold at an average price of $344.48, for a total transaction of $31,345,613.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Miebach sold 10,670 shares of the firm’s stock in a transaction on Monday, November 15th. The shares were sold at an average price of $370.00, for a total transaction of $3,947,900.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 374,646 shares of company stock worth $127,575,078. 0.33% of the stock is owned by insiders.

Shares of Mastercard stock opened at $340.00 on Thursday. The company has a market cap of $334.07 billion, a price-to-earnings ratio of 41.82, a price-to-earnings-growth ratio of 1.97 and a beta of 1.10. The company’s 50 day moving average is $348.01 and its 200 day moving average is $359.94. Mastercard Incorporated has a twelve month low of $312.38 and a twelve month high of $401.50. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.95.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 28th. The credit services provider reported $2.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.19 by $0.18. The company had revenue of $4.99 billion for the quarter, compared to the consensus estimate of $4.95 billion. Mastercard had a net margin of 45.50% and a return on equity of 116.88%. The firm’s revenue for the quarter was up 29.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.60 earnings per share. Sell-side analysts expect that Mastercard Incorporated will post 8.26 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 9th. Investors of record on Friday, October 8th were given a dividend of $0.44 per share. The ex-dividend date was Thursday, October 7th. This represents a $1.76 dividend on an annualized basis and a yield of 0.52%. Mastercard’s dividend payout ratio (DPR) is 21.65%.

About Mastercard

Mastercard, Inc operates as a technology company. The firm engages in the payments industry that connects consumers, financial institutions, merchants, governments and business. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial and payment programs.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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