Chevy Chase Trust Holdings LLC Sells 6,097 Shares of Mastercard Incorporated (NYSE:MA)

Chevy Chase Trust Holdings LLC lessened its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 462,934 shares of the credit services provider’s stock after selling 6,097 shares during the period. Mastercard accounts for about 0.7% of Chevy Chase Trust Holdings LLC’s investment portfolio, making the stock its 20th biggest holding. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Mastercard worth $228,597,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Highline Wealth Partners LLC bought a new position in Mastercard during the third quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL purchased a new stake in Mastercard during the second quarter valued at approximately $34,000. Fairway Wealth LLC purchased a new stake in Mastercard during the second quarter valued at approximately $35,000. First Personal Financial Services purchased a new stake in Mastercard during the third quarter valued at approximately $39,000. Finally, Lowe Wealth Advisors LLC raised its position in Mastercard by 74.0% during the third 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 period. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Up 0.1 %

Shares of NYSE:MA opened at $532.94 on Monday. Mastercard Incorporated has a 52-week low of $404.32 and a 52-week high of $535.77. The stock has a market cap of $489.15 billion, a P/E ratio of 40.31, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The business’s 50 day moving average is $510.37 and its 200 day moving average is $476.43. The company has a quick ratio of 1.29, a current 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 (EPS) for the quarter, topping the consensus estimate of $3.73 by $0.16. The company had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. Mastercard’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.39 earnings per share. Sell-side analysts predict that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. UBS Group upped their price objective on Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft upped their price objective on Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Citigroup upped their price objective on Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Oppenheimer assumed coverage on Mastercard in a research report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 price objective on the stock. Finally, Morgan Stanley upped their price objective on Mastercard from $544.00 to $564.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and a consensus price target of $549.16.

Insider Buying and Selling at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the sale, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This trade represents a 21.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.10% of the company’s stock.

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.