Clarkston Capital Partners LLC Purchases 188 Shares of Mastercard Incorporated (NYSE:MA)

Clarkston Capital Partners LLC lifted its holdings in Mastercard Incorporated (NYSE:MA) by 0.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 41,799 shares of the credit services provider’s stock after acquiring an additional 188 shares during the quarter. Clarkston Capital Partners LLC’s holdings in Mastercard were worth $20,641,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. International Assets Investment Management LLC grew its position in shares of Mastercard by 120,665.3% during the 3rd quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock valued at $3,971,020,000 after acquiring an additional 8,035,099 shares during the period. Swedbank AB bought a new position in Mastercard during the first quarter valued at $660,652,000. PineStone Asset Management Inc. increased its position in Mastercard by 145.6% in the second quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock worth $784,148,000 after buying an additional 1,053,616 shares during the last quarter. Manning & Napier Advisors LLC bought a new stake in shares of Mastercard in the second quarter valued at $259,071,000. Finally, Capital World Investors lifted its position in shares of Mastercard by 13.3% during the 1st quarter. Capital World Investors now owns 3,293,617 shares of the credit services provider’s stock valued at $1,586,107,000 after buying an additional 387,317 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Insider Activity at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s 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 transaction, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. This represents a 23.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 90,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total value of $42,192,000.00. Following the completion of the sale, the insider now directly owns 91,649,308 shares in the company, valued at $42,965,195,590.40. The trade was a 0.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 99,370 shares of company stock worth $46,797,168 in the last ninety days. 0.10% of the stock is owned by company insiders.

Mastercard Stock Up 0.3 %

Shares of MA opened at $521.89 on Monday. Mastercard Incorporated has a 1 year low of $395.55 and a 1 year high of $534.03. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a 50 day simple moving average of $504.09 and a two-hundred day simple moving average of $471.38. The firm has a market cap of $479.01 billion, a P/E ratio of 39.48, a P/E/G ratio of 2.28 and a beta of 1.10.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. The company had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.39 EPS. On average, analysts forecast that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal 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 issued a $0.66 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.51%. Mastercard’s dividend payout ratio is currently 19.97%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Compass Point assumed coverage on Mastercard in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price objective on the stock. UBS Group boosted their price target on shares of Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research report on Thursday. Morgan Stanley raised their price objective on shares of Mastercard from $544.00 to $564.00 and gave the stock an “overweight” rating in a report on Thursday. TD Cowen boosted their target price on shares of Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a report on Friday. Finally, William Blair raised Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus price target of $549.16.

Mastercard 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.