W.G. Shaheen & Associates DBA Whitney & Co Invests $202,000 in Mastercard Incorporated (NYSE:MA)

W.G. Shaheen & Associates DBA Whitney & Co purchased a new stake in shares of Mastercard Incorporated (NYSE:MA) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 409 shares of the credit services provider’s stock, valued at approximately $202,000.

A number of other large investors have also recently bought and sold shares of MA. Princeton Capital Management LLC grew its holdings in Mastercard by 17.7% in the 3rd quarter. Princeton Capital Management LLC now owns 10,459 shares of the credit services provider’s stock valued at $5,164,000 after buying an additional 1,572 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its stake in Mastercard by 22.9% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 18,628 shares of the credit services provider’s stock valued at $9,199,000 after purchasing an additional 3,475 shares during the last quarter. BIP Wealth LLC boosted its holdings in Mastercard by 29.3% in the 3rd quarter. BIP Wealth LLC now owns 985 shares of the credit services provider’s stock valued at $486,000 after purchasing an additional 223 shares during the period. Prospera Financial Services Inc raised its position in shares of Mastercard by 2.0% during the third quarter. Prospera Financial Services Inc now owns 10,091 shares of the credit services provider’s stock valued at $4,990,000 after buying an additional 196 shares during the last quarter. Finally, Caprock Group LLC grew its position in Mastercard by 2.2% during the third quarter. Caprock Group LLC now owns 25,632 shares of the credit services provider’s stock worth $12,658,000 after buying an additional 543 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Performance

Shares of Mastercard stock opened at $521.63 on Tuesday. The company has a 50 day moving average of $504.78 and a 200-day moving average of $471.95. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a 1-year low of $398.26 and a 1-year high of $534.03. The company has a market cap of $478.77 billion, a PE ratio of 39.46, a price-to-earnings-growth ratio of 2.32 and a beta of 1.10.

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. The business had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. Mastercard’s revenue was up 12.8% compared to the same quarter last year. During the same period last year, the firm posted $3.39 earnings per share. As a group, equities research analysts forecast that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were given a $0.66 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.51%. Mastercard’s dividend payout ratio is currently 19.97%.

Insiders Place Their Bets

In other Mastercard news, major shareholder Foundation Mastercard sold 90,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the completion of the transaction, the insider now owns 91,649,308 shares in the company, valued at approximately $42,965,195,590.40. This trade represents a 0.10 % decrease in their position. 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 business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now owns 15,031 shares in the company, valued at $7,363,085.66. This trade represents a 23.76 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 99,370 shares of company stock valued at $46,797,168. 0.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of research reports. Macquarie raised their price objective on Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Piper Sandler reaffirmed an “overweight” rating and set a $575.00 price objective (up from $565.00) on shares of Mastercard in a report on Friday. JPMorgan Chase & Co. lowered their target price on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Bank of America upped their price objective on Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. Finally, UBS Group increased their target price on shares of Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $549.16.

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.