Catalina Capital Group LLC Has $1.66 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Catalina Capital Group LLC lifted its position in Mastercard Incorporated (NYSE:MA) by 6.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,370 shares of the credit services provider’s stock after buying an additional 199 shares during the quarter. Catalina Capital Group LLC’s holdings in Mastercard were worth $1,664,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. International Assets Investment Management LLC raised its position in shares of Mastercard by 120,665.3% during the third quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock valued at $3,971,020,000 after buying an additional 8,035,099 shares during the last quarter. Swedbank AB bought a new position in Mastercard during the first quarter valued at about $660,652,000. PineStone Asset Management Inc. lifted its position in shares of Mastercard by 145.6% in the 2nd quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock worth $784,148,000 after acquiring an additional 1,053,616 shares during the period. Manning & Napier Advisors LLC acquired a new stake in shares of Mastercard during the 2nd quarter worth approximately $259,071,000. Finally, Capital World Investors increased its position in shares of Mastercard by 13.3% during the first quarter. Capital World Investors now owns 3,293,617 shares of the credit services provider’s stock valued at $1,586,107,000 after purchasing an additional 387,317 shares during the period. 97.28% of the stock is owned by institutional investors.

Insider Activity at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, major shareholder Foundation Mastercard sold 119,000 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the completion of the sale, the insider now directly owns 92,033,308 shares in the company, valued at $43,113,923,465.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the transaction, the chief marketing officer now directly 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. Insiders sold 327,370 shares of company stock worth $153,495,958 in the last ninety days. 0.10% of the stock is owned by company insiders.

Mastercard Stock Down 0.0 %

Shares of Mastercard stock opened at $505.53 on Wednesday. Mastercard Incorporated has a 52-week low of $384.20 and a 52-week high of $527.90. 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 business’s 50 day simple moving average is $497.12 and its 200 day simple moving average is $467.65. The firm has a market cap of $467.03 billion, a PE ratio of 38.24, a P/E/G ratio of 2.23 and a beta of 1.10.

Mastercard (NYSE:MA) last posted 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 return on equity of 178.27% and a net margin of 45.26%. The business’s revenue was up 12.8% compared to the same quarter last year. During the same period last year, the company earned $3.39 earnings per share. On average, analysts predict that Mastercard Incorporated will post 14.4 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on MA shares. Piper Sandler restated an “overweight” rating and set a $565.00 price target (up previously from $536.00) on shares of Mastercard in a research note on Friday, November 1st. BMO Capital Markets reiterated an “outperform” rating and set a $520.00 price objective on shares of Mastercard in a research note on Wednesday, August 14th. BNP Paribas downgraded shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price on the stock. in a research note on Tuesday, September 3rd. KeyCorp increased their target price on shares of Mastercard from $515.00 to $580.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, Susquehanna boosted their price target on shares of Mastercard from $540.00 to $605.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and a consensus target price of $540.17.

Mastercard 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.