Garrison Asset Management LLC Decreases Stake in Mastercard Incorporated (NYSE:MA)

Garrison Asset Management LLC decreased its position in Mastercard Incorporated (NYSE:MA) by 0.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,432 shares of the credit services provider’s stock after selling 52 shares during the period. Mastercard makes up about 1.6% of Garrison Asset Management LLC’s portfolio, making the stock its 26th biggest holding. Garrison Asset Management LLC’s holdings in Mastercard were worth $3,176,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC purchased a new position in shares of Mastercard during the third quarter worth $25,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Mastercard during the 2nd quarter valued at about $34,000. Fairway Wealth LLC purchased a new stake in shares of Mastercard in the second quarter worth about $35,000. Lowe Wealth Advisors LLC raised its position in Mastercard by 74.0% during the third 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. Finally, VitalStone Financial LLC grew its position in shares of Mastercard by 55.0% during the 1st quarter. VitalStone Financial LLC now owns 93 shares of the credit services provider’s stock valued at $45,000 after acquiring an additional 33 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the sale, the chief marketing officer now directly owns 17,118 shares in the company, valued at approximately $8,440,885.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Mastercard news, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the completion of the sale, the insider now owns 91,924,308 shares of the company’s stock, valued at $42,970,017,774.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 value of $2,310,173.50. Following the completion of the sale, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at $8,440,885.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 327,370 shares of company stock valued at $153,495,958 over the last quarter. Corporate insiders own 0.10% of the company’s stock.

Mastercard Trading Down 0.3 %

Shares of NYSE:MA traded down $1.72 during midday trading on Monday, reaching $506.36. The company had a trading volume of 282,927 shares, compared to its average volume of 2,440,024. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.14 and a current ratio of 1.29. The firm has a market cap of $467.80 billion, a price-to-earnings ratio of 38.43, a price-to-earnings-growth ratio of 2.21 and a beta of 1.10. The company has a fifty day simple moving average of $495.77 and a two-hundred day simple moving average of $466.94. Mastercard Incorporated has a 1-year low of $384.20 and a 1-year high of $527.90.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. The firm had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business’s revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the firm earned $3.39 EPS. Research analysts predict that Mastercard Incorporated will post 14.35 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.52%. Mastercard’s dividend payout ratio is presently 19.97%.

Analysts Set New Price Targets

MA has been the topic of a number of research analyst reports. Piper Sandler reissued an “overweight” rating and issued a $565.00 price target (up previously from $536.00) on shares of Mastercard in a research note on Friday. Susquehanna boosted their target price on shares of Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a research note on Friday. Royal Bank of Canada boosted their price objective on Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. William Blair upgraded shares of Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, BNP Paribas cut shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price on the stock. in a research report on Tuesday, September 3rd. Four research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and an average price target of $537.92.

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.