Mastercard Incorporated (NYSE:MA) Shares Acquired by Sierra Capital LLC

Sierra Capital LLC boosted its holdings in Mastercard Incorporated (NYSE:MA) by 37.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,584 shares of the credit services provider’s stock after acquiring an additional 1,513 shares during the period. Sierra Capital LLC’s holdings in Mastercard were worth $2,757,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in MA. Capital Advisors Wealth Management LLC acquired a new stake in shares of Mastercard during the 1st quarter worth about $217,000. Annex Advisory Services LLC boosted its position in shares of Mastercard by 42.9% in the first quarter. Annex Advisory Services LLC now owns 1,125 shares of the credit services provider’s stock worth $542,000 after acquiring an additional 338 shares during the last quarter. Fermata Advisors LLC acquired a new stake in shares of Mastercard in the first quarter worth approximately $245,000. Von Berge Wealth Management Group LLC acquired a new stake in shares of Mastercard in the first quarter worth approximately $229,000. Finally, Sarasin & Partners LLP boosted its position in shares of Mastercard by 2.2% in the first quarter. Sarasin & Partners LLP now owns 734,881 shares of the credit services provider’s stock worth $353,897,000 after acquiring an additional 15,756 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Oppenheimer assumed coverage on shares of Mastercard in a report on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price target on the stock. Argus upgraded shares of Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. William Blair upgraded shares of Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Evercore ISI dropped their price objective on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. Finally, Bank of America lifted their price objective on shares of Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. Four investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $525.68.

Mastercard Stock Down 0.4 %

Shares of NYSE MA traded down $2.09 during trading hours on Tuesday, hitting $512.92. The stock had a trading volume of 672,170 shares, compared to its average volume of 2,433,104. The company has a market capitalization of $476.82 billion, a P/E ratio of 40.59, a P/E/G ratio of 2.22 and a beta of 1.10. The firm’s 50-day moving average price is $488.09 and its two-hundred day moving average price is $464.33. Mastercard Incorporated has a 52 week low of $359.77 and a 52 week high of $518.82. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14.

Mastercard (NYSE:MA) last announced its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.51 by $0.08. The firm had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. Analysts anticipate that Mastercard Incorporated will post 14.3 EPS for the current fiscal year.

Mastercard Dividend Announcement

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 $0.66 dividend. The ex-dividend date is 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 20.99%.

Insider Activity at Mastercard

In related news, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of the transaction, the chief financial officer now directly owns 27,304 shares in the company, valued at approximately $12,423,320. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the transaction, the chief marketing officer now owns 15,031 shares in the company, valued at $7,363,085.66. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of the transaction, the chief financial officer now owns 27,304 shares in the company, valued at approximately $12,423,320. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 340,809 shares of company stock worth $159,610,703. 0.10% of the stock is owned by corporate 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.