Kestra Investment Management LLC Invests $893,000 in Mastercard Incorporated (NYSE:MA)

Kestra Investment Management LLC purchased a new stake in shares of Mastercard Incorporated (NYSE:MA) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,809 shares of the credit services provider’s stock, valued at approximately $893,000.

Other large investors have also added to or reduced their stakes in the company. Alerus Financial NA raised its stake in shares of Mastercard by 1,510.1% in the third quarter. Alerus Financial NA now owns 8,485 shares of the credit services provider’s stock valued at $4,190,000 after buying an additional 7,958 shares during the period. Point72 Hong Kong Ltd increased its holdings in Mastercard by 71.7% in the 3rd quarter. Point72 Hong Kong Ltd now owns 34,177 shares of the credit services provider’s stock worth $16,877,000 after acquiring an additional 14,277 shares during the last quarter. FSA Wealth Management LLC bought a new stake in Mastercard in the 3rd quarter valued at about $54,000. B&L Asset Management LLC purchased a new stake in Mastercard during the third quarter valued at about $6,676,000. Finally, Erste Asset Management GmbH bought a new position in Mastercard during the third quarter worth about $51,962,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on MA shares. Compass Point initiated coverage on shares of Mastercard in a research note on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price target on the stock. Bank of America increased their target price on Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. Piper Sandler reiterated an “overweight” rating and issued a $575.00 price target (up from $565.00) on shares of Mastercard in a research report on Friday, November 15th. BNP Paribas cut Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective on the stock. in a report on Tuesday, September 3rd. Finally, TD Cowen lifted their target price on Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a report on Friday, November 15th. Four research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $549.16.

Mastercard Price Performance

MA stock opened at $532.94 on Monday. The firm has a market cap of $489.15 billion, a P/E ratio of 40.31, a P/E/G ratio of 2.37 and a beta of 1.10. The firm’s fifty day moving average is $510.37 and its 200 day moving average is $476.43. Mastercard Incorporated has a 52 week low of $404.32 and a 52 week high of $535.77. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29.

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

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date was Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 19.97%.

Insider Transactions at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the sale, the chief marketing officer now directly owns 15,031 shares in the company, valued at approximately $7,363,085.66. This represents a 23.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.10% of the company’s stock.

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.