Foundations Investment Advisors LLC Purchases 2,816 Shares of Mastercard Incorporated (NYSE:MA)

Foundations Investment Advisors LLC raised its stake in shares of Mastercard Incorporated (NYSE:MA) by 12.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,422 shares of the credit services provider’s stock after purchasing an additional 2,816 shares during the period. Foundations Investment Advisors LLC’s holdings in Mastercard were worth $12,553,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Advisors Wealth Management LLC bought a new position in shares of Mastercard in the 1st quarter valued at about $217,000. Annex Advisory Services LLC lifted its holdings in shares of Mastercard by 42.9% in the 1st quarter. Annex Advisory Services LLC now owns 1,125 shares of the credit services provider’s stock valued at $542,000 after acquiring an additional 338 shares during the last quarter. Fermata Advisors LLC bought a new position in shares of Mastercard in the 1st quarter valued at about $245,000. Von Berge Wealth Management Group LLC bought a new position in shares of Mastercard in the 1st quarter valued at about $229,000. Finally, Sarasin & Partners LLP lifted its holdings in shares of Mastercard by 2.2% in the 1st quarter. Sarasin & Partners LLP now owns 734,881 shares of the credit services provider’s stock valued at $353,897,000 after acquiring an additional 15,756 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

NYSE MA opened at $515.01 on Tuesday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. The firm’s 50 day moving average price is $488.09 and its 200-day moving average price is $464.33. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week high of $518.82. The company has a market cap of $478.76 billion, a PE ratio of 40.94, a P/E/G ratio of 2.22 and a beta of 1.10.

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

Mastercard Announces Dividend

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

Insider Buying and Selling at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of the sale, the chief financial officer now directly owns 27,304 shares in the company, valued at $12,423,320. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction on Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the sale, the chief financial officer now directly owns 27,304 shares in the company, valued at approximately $12,423,320. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the sale, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at $8,440,885.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 340,809 shares of company stock worth $159,610,703 over the last three months. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on MA. Piper Sandler increased their price objective on shares of Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Royal Bank of Canada increased their price objective on shares of Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Argus raised shares of Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. Barclays increased their price objective on shares of Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Finally, Evercore ISI reduced their price objective on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. Four investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and an average target price of $525.68.

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.