Coastline Trust Co lifted its position in shares of Mastercard Inc (NYSE:MA) by 2.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,134 shares of the credit services provider’s stock after acquiring an additional 339 shares during the period. Coastline Trust Co’s holdings in Mastercard were worth $4,381,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Joseph P. Lucia & Associates LLC acquired a new stake in Mastercard in the second quarter worth $26,000. Ellevest Inc. increased its position in Mastercard by 52.8% in the second quarter. Ellevest Inc. now owns 110 shares of the credit services provider’s stock worth $29,000 after buying an additional 38 shares during the period. Evolution Wealth Advisors LLC acquired a new stake in Mastercard in the second quarter worth $31,000. Delphi Private Advisors LLC acquired a new stake in Mastercard in the second quarter worth $31,000. Finally, Princeton Global Asset Management LLC acquired a new stake in Mastercard in the second quarter worth $33,000. 74.32% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Lance Darrell Gordon Uggla bought 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was acquired at an average price of $275.71 per share, with a total value of $413,565.00. Following the completion of the purchase, the director now directly owns 3,691 shares of the company’s stock, valued at approximately $1,017,645.61. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Foundation Mastercard sold 15,900 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $265.31, for a total value of $4,218,429.00. Following the transaction, the insider now directly owns 112,070,462 shares of the company’s stock, valued at approximately $29,733,414,273.22. The disclosure for this sale can be found here. Insiders have sold 139,327 shares of company stock valued at $38,323,022 in the last ninety days. Company insiders own 3.70% of the company’s stock.

Several equities research analysts have weighed in on the company. Royal Bank of Canada set a $315.00 target price on Mastercard and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Deutsche Bank increased their target price on Mastercard from $267.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Susquehanna Bancshares increased their target price on Mastercard from $293.00 to $320.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Wells Fargo & Co increased their target price on Mastercard from $285.00 to $305.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 10th. Finally, ValuEngine lowered Mastercard from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. Mastercard currently has a consensus rating of “Buy” and a consensus target price of $299.09.

NYSE:MA opened at $270.63 on Friday. Mastercard Inc has a 1 year low of $171.89 and a 1 year high of $293.69. The stock has a market cap of $280.54 billion, a price-to-earnings ratio of 39.50, a PEG ratio of 2.30 and a beta of 1.06. The business has a fifty day moving average of $275.93 and a 200-day moving average of $263.97. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.49 and a current ratio of 1.49.

Mastercard (NYSE:MA) last released its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.82 by $0.07. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. The company had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter in the prior year, the business posted $1.66 earnings per share. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, equities research analysts predict that Mastercard Inc will post 7.61 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $1.32 annualized dividend and a yield of 0.49%. Mastercard’s dividend payout ratio is currently 20.34%.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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