Mastercard Incorporated (NYSE:MA) Shares Sold by J. W. Coons Advisors LLC

J. W. Coons Advisors LLC lowered its holdings in Mastercard Incorporated (NYSE:MA) by 19.5% in the third quarter, HoldingsChannel reports. The firm owned 3,686 shares of the credit services provider’s stock after selling 891 shares during the period. J. W. Coons Advisors LLC’s holdings in Mastercard were worth $1,820,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of MA. Taurus Asset Management LLC increased its position in shares of Mastercard by 8.2% in the 3rd quarter. Taurus Asset Management LLC now owns 1,755 shares of the credit services provider’s stock worth $867,000 after purchasing an additional 133 shares during the last quarter. Aljian Capital Management LLC acquired a new position in Mastercard in the third quarter worth about $1,506,000. TrinityPoint Wealth LLC increased its holdings in Mastercard by 0.8% in the third quarter. TrinityPoint Wealth LLC now owns 8,144 shares of the credit services provider’s stock valued at $4,021,000 after buying an additional 66 shares during the last quarter. Clarkston Capital Partners LLC grew its position in shares of Mastercard by 0.5% in the 3rd quarter. Clarkston Capital Partners LLC now owns 41,799 shares of the credit services provider’s stock worth $20,641,000 after acquiring an additional 188 shares in the last quarter. Finally, S&CO Inc. increased its holdings in shares of Mastercard by 22.2% in the 3rd quarter. S&CO Inc. now owns 10,011 shares of the credit services provider’s stock valued at $4,943,000 after acquiring an additional 1,819 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Up 0.3 %

Shares of MA stock opened at $521.89 on Monday. The firm has a market cap of $479.01 billion, a PE ratio of 39.48, a price-to-earnings-growth ratio of 2.28 and a beta of 1.10. Mastercard Incorporated has a 12 month low of $395.55 and a 12 month high of $534.03. The stock has a 50 day moving average of $504.09 and a 200-day moving average of $471.38. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. During the same quarter in the prior year, the business earned $3.39 earnings per share. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, equities analysts predict that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. UBS Group raised their price objective on Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research note on Thursday. Robert W. Baird raised their price target on shares of Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. William Blair raised shares of Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. lowered their target price on Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Finally, Mizuho raised their price target on Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $549.16.

Insider Buying and Selling

In related news, major shareholder Foundation Mastercard sold 90,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was 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 $42,965,195,590.40. This trade represents a 0.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 99,370 shares of company stock valued at $46,797,168 over the last ninety days. 0.10% of the stock is owned by company insiders.

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.