Smithbridge Asset Management Inc. DE Purchases 4,314 Shares of Mastercard Incorporated (NYSE:MA)

Smithbridge Asset Management Inc. DE raised its position in shares of Mastercard Incorporated (NYSE:MA) by 75.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,004 shares of the credit services provider’s stock after purchasing an additional 4,314 shares during the quarter. Smithbridge Asset Management Inc. DE’s holdings in Mastercard were worth $4,940,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in MA. Trilogy Capital Inc. purchased a new stake in Mastercard in the first quarter worth about $432,000. Mirador Capital Partners LP purchased a new stake in Mastercard in the 1st quarter worth approximately $202,000. Oliver Luxxe Assets LLC bought a new stake in Mastercard during the 1st quarter worth approximately $202,000. Kowal Investment Group LLC lifted its holdings in Mastercard by 18.6% during the first quarter. Kowal Investment Group LLC now owns 638 shares of the credit services provider’s stock valued at $307,000 after purchasing an additional 100 shares in the last quarter. Finally, Miracle Mile Advisors LLC boosted its position in shares of Mastercard by 11.8% in the first quarter. Miracle Mile Advisors LLC now owns 6,300 shares of the credit services provider’s stock worth $3,034,000 after purchasing an additional 663 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Insider Transactions at Mastercard

In related news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 27,304 shares in the company, valued at approximately $12,423,320. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $7,363,085.66. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 340,809 shares of company stock valued at $159,610,703. 0.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on MA shares. Susquehanna boosted their target price on shares of Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a report on Thursday, August 1st. Robert W. Baird increased their price objective on shares of Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Citigroup lifted their target price on Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Royal Bank of Canada increased their price target on Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Finally, JPMorgan Chase & Co. lifted their price objective on Mastercard from $570.00 to $593.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Four investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $525.68.

Mastercard Price Performance

Shares of MA stock opened at $508.93 on Monday. The stock has a 50 day moving average price of $491.84 and a 200 day moving average price of $465.36. Mastercard Incorporated has a 52-week low of $364.72 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. The firm has a market capitalization of $473.11 billion, a P/E ratio of 40.33, a P/E/G ratio of 2.27 and a beta of 1.10.

Mastercard (NYSE:MA) last released its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.08. The business had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. As a group, sell-side analysts predict that Mastercard Incorporated will post 14.32 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders 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 yield of 0.52%. Mastercard’s dividend payout ratio is currently 20.99%.

About Mastercard

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.