Mastercard Incorporated (NYSE:MA) Stock Position Decreased by Carderock Capital Management Inc.

Carderock Capital Management Inc. trimmed its position in shares of Mastercard Incorporated (NYSE:MA) by 5.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,307 shares of the credit services provider’s stock after selling 1,530 shares during the quarter. Mastercard makes up approximately 2.8% of Carderock Capital Management Inc.’s investment portfolio, making the stock its 6th largest position. Carderock Capital Management Inc.’s holdings in Mastercard were worth $12,003,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Westend Capital Management LLC purchased a new stake in shares of Mastercard in the first quarter valued at approximately $27,000. Palisade Asset Management LLC acquired a new position in Mastercard during the first quarter worth $27,000. Scarborough Advisors LLC acquired a new position in Mastercard during the fourth quarter worth $28,000. Strategic Investment Solutions Inc. IL purchased a new stake in Mastercard in the 2nd quarter valued at $34,000. Finally, Fairway Wealth LLC acquired a new stake in shares of Mastercard in the 2nd quarter worth $35,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction 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 transaction, the chief marketing officer now owns 17,118 shares in the company, valued at approximately $8,440,885.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Mastercard news, major shareholder Foundation Mastercard sold 119,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the sale, the insider now owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction 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 transaction, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 340,809 shares of company stock worth $159,610,703. 0.10% of the stock is currently owned by corporate insiders.

Mastercard Trading Up 1.3 %

MA opened at $514.07 on Thursday. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $477.89 billion, a price-to-earnings ratio of 40.86, a PEG ratio of 2.22 and a beta of 1.10. The business has a fifty day moving average price of $484.54 and a 200 day moving average price of $463.60. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $515.40.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $0.08. The business had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. Sell-side analysts expect that Mastercard Incorporated will post 14.3 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Wednesday, October 9th. Mastercard’s dividend payout ratio is presently 20.99%.

Analyst Ratings Changes

MA has been the subject of a number of analyst reports. Oppenheimer began coverage on shares of Mastercard in a report on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price objective for the company. Bank of America increased their price target on shares of Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. Robert W. Baird lifted their price target on shares of Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday. Evercore ISI lowered their price objective on Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Finally, Compass Point started coverage on Mastercard in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $524.64.

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.