Commonwealth Retirement Investments LLC Purchases 91 Shares of Mastercard Incorporated (NYSE:MA)

Commonwealth Retirement Investments LLC raised its holdings in shares of Mastercard Incorporated (NYSE:MA) by 3.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,139 shares of the credit services provider’s stock after purchasing an additional 91 shares during the period. Commonwealth Retirement Investments LLC’s holdings in Mastercard were worth $1,550,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Sarasin & Partners LLP raised its stake in Mastercard by 4.7% during the 3rd quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider’s stock valued at $410,813,000 after buying an additional 37,486 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Mastercard by 4.8% in the 3rd quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider’s stock worth $1,497,160,000 after acquiring an additional 138,842 shares in the last quarter. Coppell Advisory Solutions Corp. bought a new stake in Mastercard during the 1st quarter worth approximately $608,000. SteelPeak Wealth LLC lifted its stake in shares of Mastercard by 48.6% during the 2nd quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock valued at $2,174,000 after buying an additional 1,612 shares in the last quarter. Finally, OMC Financial Services LTD purchased a new position in shares of Mastercard in the first quarter valued at about $17,854,000. Institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the topic of several research 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 target price on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. William Blair raised shares of Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Morgan Stanley lifted their price objective on shares of Mastercard from $540.00 to $544.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Finally, TD Cowen upped their target price on shares of Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $540.17.

Insider Activity

In other news, major shareholder Foundation Mastercard sold 109,000 shares of Mastercard stock in a transaction on Monday, August 19th. The stock was sold at an average price of $467.45, for a total value of $50,952,050.00. Following the transaction, the insider now directly owns 91,924,308 shares in the company, valued at approximately $42,970,017,774.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Foundation Mastercard sold 109,000 shares of the 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 in the company, valued at approximately $42,970,017,774.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the transaction, the chief marketing officer now owns 15,031 shares in the company, valued at approximately $7,363,085.66. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 327,370 shares of company stock worth $153,495,958. Corporate insiders own 0.10% of the company’s stock.

Mastercard Stock Down 0.0 %

NYSE MA traded down $0.04 on Tuesday, reaching $530.08. 428,291 shares of the stock traded hands, compared to its average volume of 2,441,343. Mastercard Incorporated has a 12 month low of $393.02 and a 12 month high of $534.03. The company has a market cap of $486.52 billion, a price-to-earnings ratio of 40.10, a PEG ratio of 2.30 and a beta of 1.10. The company has a fifty day moving average price of $500.61 and a 200-day moving average price of $469.41. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The firm had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. During the same period in the previous year, the company posted $3.39 earnings per share. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. As a group, research analysts forecast that Mastercard Incorporated will post 14.45 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were given a $0.66 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.50%. Mastercard’s payout ratio is presently 19.97%.

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.