Mastercard Incorporated (NYSE:MA) Stock Position Raised by Boltwood Capital Management

Boltwood Capital Management boosted its position in shares of Mastercard Incorporated (NYSE:MA) by 3.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,035 shares of the credit services provider’s stock after purchasing an additional 61 shares during the period. Boltwood Capital Management’s holdings in Mastercard were worth $1,005,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. VitalStone Financial LLC raised its stake in Mastercard by 300.0% during the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 45 shares during the period. Westend Capital Management LLC purchased a new position in shares of Mastercard during the 1st quarter valued at $27,000. Palisade Asset Management LLC purchased a new position in shares of Mastercard during the 1st quarter valued at $27,000. Scarborough Advisors LLC purchased a new position in shares of Mastercard during the 4th quarter valued at $28,000. Finally, Beaird Harris Wealth Management LLC purchased a new position in shares of Mastercard during the 4th quarter valued at $30,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MA has been the topic of several research analyst reports. Oppenheimer initiated coverage on shares of Mastercard in a report on Tuesday. They set an “outperform” rating and a $591.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on shares of Mastercard from $500.00 to $570.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. BMO Capital Markets reissued an “outperform” rating and set a $520.00 target price on shares of Mastercard in a research report on Wednesday, August 14th. KeyCorp increased their target price on shares of Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Finally, Argus raised shares of Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $517.22.

Insider Activity

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the sale, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at $8,440,885.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the sale, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at $8,440,885.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO J. Mehra Sachin sold 13,439 shares of the firm’s 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 completion of the sale, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 340,809 shares of company stock worth $159,610,703. Insiders own 0.10% of the company’s stock.

Mastercard Stock Down 0.1 %

Shares of MA opened at $495.67 on Thursday. The stock has a market cap of $460.78 billion, a price-to-earnings ratio of 39.40, a P/E/G ratio of 1.96 and a beta of 1.10. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $501.80. The company has a 50-day moving average price of $474.05 and a two-hundred day moving average price of $462.24.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 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 net margin of 46.45% and a return on equity of 179.78%. Equities analysts predict that Mastercard Incorporated will post 14.29 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Wednesday, October 9th. Mastercard’s dividend payout ratio is 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.