Goldstone Financial Group LLC acquired a new stake in shares of Mastercard Incorporated (NYSE:MA – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,172 shares of the credit services provider’s stock, valued at approximately $2,554,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Advocates Investment Management grew its holdings in shares of Mastercard by 2.0% during the third quarter. Financial Advocates Investment Management now owns 6,508 shares of the credit services provider’s stock worth $3,214,000 after purchasing an additional 129 shares in the last quarter. Cornerstone Wealth Group LLC lifted its position in Mastercard by 5.3% during the third quarter. Cornerstone Wealth Group LLC now owns 5,678 shares of the credit services provider’s stock valued at $2,804,000 after purchasing an additional 286 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV lifted its position in Mastercard by 3.6% during the third quarter. Hudson Valley Investment Advisors Inc. ADV now owns 1,084 shares of the credit services provider’s stock valued at $535,000 after purchasing an additional 38 shares during the last quarter. JFS Wealth Advisors LLC grew its stake in Mastercard by 3.2% in the 3rd quarter. JFS Wealth Advisors LLC now owns 773 shares of the credit services provider’s stock worth $381,000 after buying an additional 24 shares in the last quarter. Finally, SteelPeak Wealth LLC increased its holdings in shares of Mastercard by 0.6% in the 3rd quarter. SteelPeak Wealth LLC now owns 4,956 shares of the credit services provider’s stock worth $2,447,000 after buying an additional 28 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.
Insider Buying and Selling
In other news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the transaction, the chief financial officer now owns 27,304 shares of the company’s stock, valued at $12,423,320. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related 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 transaction, the chief financial officer now owns 27,304 shares in the company, valued at approximately $12,423,320. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction that occurred 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 $8,440,885.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 340,809 shares of company stock valued at $159,610,703. 0.10% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
View Our Latest Report on Mastercard
Mastercard Trading Up 1.5 %
NYSE:MA opened at $513.96 on Thursday. The company has a market cap of $474.81 billion, a PE ratio of 39.29, a price-to-earnings-growth ratio of 2.27 and a beta of 1.10. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. The company has a 50 day simple moving average of $494.33 and a two-hundred day simple moving average of $466.27. Mastercard Incorporated has a 12 month low of $373.11 and a 12 month high of $518.82.
Mastercard (NYSE:MA – Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.08. The firm had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.85 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. Research analysts forecast that Mastercard Incorporated will post 14.32 earnings per share for the current year.
Mastercard Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be paid a $0.66 dividend. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.51%. Mastercard’s dividend payout ratio (DPR) is 20.18%.
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.
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