JustInvest LLC grew its holdings in shares of Mastercard Incorporated (NYSE:MA) by 34.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 8,630 shares of the credit services provider’s stock after acquiring an additional 2,227 shares during the period. Mastercard makes up approximately 0.8% of JustInvest LLC’s portfolio, making the stock its 18th largest holding. JustInvest LLC’s holdings in Mastercard were worth $2,918,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Campbell Newman Asset Management Inc. raised its holdings in Mastercard by 2.6% in the second quarter. Campbell Newman Asset Management Inc. now owns 41,974 shares of the credit services provider’s stock worth $12,412,000 after buying an additional 1,047 shares during the last quarter. First PREMIER Bank boosted its stake in Mastercard by 2.3% during the 3rd quarter. First PREMIER Bank now owns 13,420 shares of the credit services provider’s stock valued at $4,538,000 after purchasing an additional 300 shares during the last quarter. WealthPLAN Partners LLC boosted its stake in Mastercard by 15.5% during the 2nd quarter. WealthPLAN Partners LLC now owns 16,973 shares of the credit services provider’s stock valued at $5,536,000 after purchasing an additional 2,275 shares during the last quarter. Vident Investment Advisory LLC raised its position in Mastercard by 55.2% in the 2nd quarter. Vident Investment Advisory LLC now owns 4,190 shares of the credit services provider’s stock worth $1,239,000 after buying an additional 1,490 shares during the last quarter. Finally, Cullinan Associates Inc. raised its holdings in shares of Mastercard by 117.4% during the second quarter. Cullinan Associates Inc. now owns 7,250 shares of the credit services provider’s stock valued at $2,144,000 after purchasing an additional 3,915 shares during the last quarter. 73.72% of the stock is currently owned by hedge funds and other institutional investors.

In other Mastercard news, Director Richard Haythornthwaite sold 6,583 shares of the stock in a transaction on Monday, September 21st. The stock was sold at an average price of $328.87, for a total value of $2,164,951.21. Following the sale, the director now owns 27,432 shares in the company, valued at $9,021,561.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 30,100 shares of Mastercard stock in a transaction on Monday, October 26th. The stock was sold at an average price of $320.69, for a total value of $9,652,769.00. Following the sale, the insider now owns 109,517,113 shares of the company’s stock, valued at $35,121,042,967.97. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 215,567 shares of company stock valued at $71,292,644. 3.79% of the stock is owned by corporate insiders.

A number of research firms have commented on MA. Keefe, Bruyette & Woods lifted their target price on shares of Mastercard from $371.00 to $380.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 9th. Truist boosted their target price on shares of Mastercard from $375.00 to $415.00 in a research report on Friday, August 28th. Oppenheimer initiated coverage on Mastercard in a research note on Friday, July 31st. They issued a “hold” rating for the company. Jefferies Financial Group upped their price objective on Mastercard from $305.00 to $330.00 and gave the stock a “hold” rating in a research note on Friday, October 2nd. Finally, Daiwa Capital Markets restated a “neutral” rating and issued a $314.00 price objective on shares of Mastercard in a research note on Tuesday, July 21st. Five equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $349.97.

Shares of MA stock traded down $21.41 on Wednesday, reaching $295.70. The company’s stock had a trading volume of 603,249 shares, compared to its average volume of 4,851,816. The stock’s fifty day simple moving average is $336.76 and its 200-day simple moving average is $310.31. Mastercard Incorporated has a 1 year low of $199.99 and a 1 year high of $367.25. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.92. The company has a market capitalization of $317.45 billion, a price-to-earnings ratio of 41.09, a price-to-earnings-growth ratio of 2.77 and a beta of 1.11.

Mastercard (NYSE:MA) last released its earnings results on Thursday, July 30th. The credit services provider reported $1.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.21. Mastercard had a return on equity of 129.52% and a net margin of 45.12%. The firm had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the previous year, the company posted $1.89 EPS. The company’s revenue for the quarter was down 19.8% compared to the same quarter last year. Equities research analysts forecast that Mastercard Incorporated will post 6.61 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Friday, October 9th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, October 8th. This represents a $1.60 annualized dividend and a dividend yield of 0.54%. Mastercard’s dividend payout ratio (DPR) is presently 20.59%.

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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