Mastercard Incorporated (NYSE:MA) Shares Bought by Bruce G. Allen Investments LLC

Bruce G. Allen Investments LLC boosted its stake in shares of Mastercard Incorporated (NYSE:MA) by 59.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 209 shares of the credit services provider’s stock after purchasing an additional 78 shares during the period. Bruce G. Allen Investments LLC’s holdings in Mastercard were worth $103,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Caxton Associates LP acquired a new stake in shares of Mastercard during the 4th quarter valued at about $1,727,000. Vivaldi Capital Management LP acquired a new stake in shares of Mastercard during the 4th quarter valued at about $406,000. Pinnacle Holdings LLC grew its position in shares of Mastercard by 11.8% during the 4th quarter. Pinnacle Holdings LLC now owns 456 shares of the credit services provider’s stock valued at $194,000 after acquiring an additional 48 shares during the period. Orleans Capital Management Corp LA grew its position in shares of Mastercard by 5.9% during the 4th quarter. Orleans Capital Management Corp LA now owns 4,997 shares of the credit services provider’s stock valued at $2,131,000 after acquiring an additional 280 shares during the period. Finally, Pathstone Holdings LLC acquired a new stake in Mastercard in the 4th quarter worth about $62,733,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction dated 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 transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction dated 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 transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the 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 transaction, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at $7,363,085.66. 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 sold 340,809 shares of company stock valued at $159,610,703. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MA shares. Oppenheimer started coverage on Mastercard in a report on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price objective on the stock. KeyCorp raised their target price 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. William Blair raised shares of Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Royal Bank of Canada raised their target price on shares of Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Finally, Susquehanna raised their target price on shares of Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a research note on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and a consensus target price of $517.22.

Mastercard Price Performance

Shares of MA opened at $499.61 on Thursday. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $501.80. The stock has a market cap of $464.44 billion, a PE ratio of 39.71, a price-to-earnings-growth ratio of 1.96 and a beta of 1.10. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a fifty day moving average price of $478.54 and a 200 day moving average price of $462.40.

Mastercard (NYSE:MA) last announced its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $3.51 by $0.08. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The business had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. As a group, sell-side analysts anticipate that Mastercard Incorporated will post 14.29 EPS for the current year.

Mastercard Dividend Announcement

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