Bard Financial Services Inc. Has $1.99 Million Stake in Mastercard Incorporated (NYSE:MA)

Bard Financial Services Inc. decreased its stake in shares of Mastercard Incorporated (NYSE:MA) by 6.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,025 shares of the credit services provider’s stock after selling 275 shares during the period. Bard Financial Services Inc.’s holdings in Mastercard were worth $1,988,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. VitalStone Financial LLC lifted its position in shares of Mastercard by 300.0% during the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 45 shares in the last quarter. Westend Capital Management LLC purchased a new stake in Mastercard in the 1st quarter worth $27,000. Palisade Asset Management LLC bought a new position in Mastercard during the 1st quarter valued at about $27,000. Scarborough Advisors LLC bought a new position in Mastercard in the 4th quarter worth about $28,000. Finally, Beaird Harris Wealth Management LLC purchased a new stake in Mastercard during the fourth quarter valued at approximately $30,000. Institutional investors own 97.28% of the company’s stock.

Insider Activity

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction on Friday, September 13th. The shares were 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 directly owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’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 transaction of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now owns 17,118 shares in the company, valued at $8,440,885.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction of $6,114,745.00. Following the transaction, the chief financial officer now owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 340,809 shares of company stock worth $159,610,703 in the last three months. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Susquehanna increased their target price on shares of Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research report on Thursday, August 1st. KeyCorp raised their price target on shares of Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Compass Point assumed coverage on shares of Mastercard in a research note on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price objective on the stock. TD Cowen lifted their price objective on shares of Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Oppenheimer initiated coverage on Mastercard in a research note on Tuesday. They issued an “outperform” rating and a $591.00 price target for the company. Five investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $517.22.

Mastercard Stock Up 0.6 %

Shares of Mastercard stock traded up $2.73 during trading on Friday, reaching $497.70. The stock had a trading volume of 1,935,893 shares, compared to its average volume of 2,457,305. The stock has a fifty day moving average price of $476.54 and a two-hundred day moving average price of $462.60. The company has a market capitalization of $462.67 billion, a price-to-earnings ratio of 39.56, a P/E/G ratio of 1.96 and a beta of 1.10. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. Mastercard Incorporated has a 52 week low of $359.77 and a 52 week high of $501.80.

Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. Sell-side analysts predict that Mastercard Incorporated will post 14.29 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio is currently 20.99%.

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.