Raleigh Capital Management Inc. Increases Stock Position in Mastercard Incorporated (NYSE:MA)

Raleigh Capital Management Inc. boosted its stake in Mastercard Incorporated (NYSE:MA) by 5.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 563 shares of the credit services provider’s stock after acquiring an additional 31 shares during the period. Raleigh Capital Management Inc.’s holdings in Mastercard were worth $278,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Evernest Financial Advisors LLC raised its holdings in Mastercard by 1.4% in the third quarter. Evernest Financial Advisors LLC now owns 3,589 shares of the credit services provider’s stock valued at $1,772,000 after acquiring an additional 51 shares in the last quarter. Venture Visionary Partners LLC raised its holdings in Mastercard by 1.0% in the third quarter. Venture Visionary Partners LLC now owns 31,051 shares of the credit services provider’s stock valued at $15,333,000 after acquiring an additional 306 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in Mastercard by 1.2% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 4,480 shares of the credit services provider’s stock valued at $2,212,000 after acquiring an additional 52 shares in the last quarter. Stewardship Advisors LLC acquired a new stake in Mastercard in the third quarter valued at $419,000. Finally, Carolina Wealth Advisors LLC raised its holdings in Mastercard by 15.3% in the third quarter. Carolina Wealth Advisors LLC now owns 723 shares of the credit services provider’s stock valued at $357,000 after acquiring an additional 96 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Performance

MA opened at $513.02 on Wednesday. The company has a market capitalization of $476.91 billion, a price-to-earnings ratio of 40.78, a price-to-earnings-growth ratio of 2.22 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. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $518.82. The business has a 50 day moving average price of $489.16 and a two-hundred day moving average price of $464.58.

Mastercard (NYSE:MA) last released its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share 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 the consensus estimate of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. Research analysts predict that Mastercard Incorporated will post 14.3 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be given a $0.66 dividend. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.51%. Mastercard’s dividend payout ratio (DPR) is 20.99%.

Insider Buying and Selling at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the transaction, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the transaction, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 119,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $468.46, for a total value of $55,746,740.00. Following the completion of the transaction, the insider now directly owns 92,033,308 shares in the company, valued at $43,113,923,465.68. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 340,809 shares of company stock valued at $159,610,703. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Bank of America upped their price target on shares of Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. Oppenheimer assumed coverage on shares of Mastercard in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price target on the stock. Barclays lifted their target price on Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. William Blair upgraded Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada lifted their target price on Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Four research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Mastercard has an average rating of “Moderate Buy” and a consensus price target of $525.68.

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.