Bowie Capital Management LLC Has $88.26 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Bowie Capital Management LLC decreased its stake in shares of Mastercard Incorporated (NYSE:MA) by 41.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 178,729 shares of the credit services provider’s stock after selling 127,162 shares during the quarter. Mastercard comprises about 4.6% of Bowie Capital Management LLC’s portfolio, making the stock its 11th biggest holding. Bowie Capital Management LLC’s holdings in Mastercard were worth $88,256,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Highline Wealth Partners LLC bought a new stake in Mastercard in the third quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Mastercard during the 2nd quarter worth approximately $34,000. Fairway Wealth LLC bought a new stake in Mastercard in the 2nd quarter valued at $35,000. First Personal Financial Services bought a new stake in Mastercard in the 3rd quarter valued at $39,000. Finally, Lowe Wealth Advisors LLC lifted its holdings in Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after purchasing an additional 37 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

NYSE MA traded up $4.89 on Monday, hitting $525.75. 199,859 shares of the company’s stock were exchanged, compared to its average volume of 2,449,126. The stock has a 50-day moving average of $506.91 and a 200-day moving average of $473.83. The stock has a market cap of $482.55 billion, a price-to-earnings ratio of 39.40, a P/E/G ratio of 2.32 and a beta of 1.10. Mastercard Incorporated has a 52 week low of $404.32 and a 52 week high of $534.03. The company has a current ratio of 1.29, a quick 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 earnings per share for the quarter, topping the consensus estimate of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The business had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. During the same period in the prior year, the company earned $3.39 EPS. Mastercard’s revenue for the quarter was up 12.8% on a year-over-year basis. Analysts expect that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend 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 Buying and Selling

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the sale, the chief marketing officer now directly owns 15,031 shares in the company, valued at approximately $7,363,085.66. The trade was 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 the SEC website. 0.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MA. BNP Paribas lowered shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective on the stock. in a research report on Tuesday, September 3rd. UBS Group increased their price target on shares of Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a report on Thursday, November 14th. TD Cowen boosted their price objective on Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a report on Friday, November 15th. JPMorgan Chase & Co. lowered their target price on Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Finally, Piper Sandler restated an “overweight” rating and issued a $575.00 price target (up from $565.00) on shares of Mastercard in a research note on Friday, November 15th. Four investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $549.16.

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.