Sanctuary Advisors LLC Takes $39.53 Million Position in Mastercard Incorporated (NYSE:MA)

Sanctuary Advisors LLC acquired a new stake in shares of Mastercard Incorporated (NYSE:MA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 85,474 shares of the credit services provider’s stock, valued at approximately $39,525,000.

Several other institutional investors have also recently made changes to their positions in MA. Vanguard Group Inc. raised its position in Mastercard by 0.4% during the first quarter. Vanguard Group Inc. now owns 75,584,606 shares of the credit services provider’s stock valued at $36,399,279,000 after purchasing an additional 330,872 shares in the last quarter. Capital Research Global Investors boosted its position in Mastercard by 0.3% during the 1st quarter. Capital Research Global Investors now owns 13,651,904 shares of the credit services provider’s stock valued at $6,574,347,000 after acquiring an additional 43,881 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Mastercard by 1.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,082,729 shares of the credit services provider’s stock valued at $2,241,297,000 after acquiring an additional 71,569 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in Mastercard by 2.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 4,327,168 shares of the credit services provider’s stock valued at $1,908,973,000 after acquiring an additional 113,238 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Mastercard by 0.9% during the second quarter. American Century Companies Inc. now owns 4,250,760 shares of the credit services provider’s stock valued at $1,875,266,000 after purchasing an additional 38,380 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on MA. Citigroup lifted their target price on shares of Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. KeyCorp upped their target price on shares of Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Compass Point started coverage on shares of Mastercard in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price target on the stock. Susquehanna upped 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. Finally, BNP Paribas lowered shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective on the stock. in a research report on Tuesday, September 3rd. Five analysts have rated the stock with a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $517.22.

Insider Buying and Selling at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now owns 15,031 shares in the company, valued at $7,363,085.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $7,363,085.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following 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. Insiders sold a total of 340,809 shares of company stock worth $159,610,703 over the last 90 days. Insiders own 0.10% of the company’s stock.

Mastercard Stock Performance

NYSE:MA opened at $496.19 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. The firm has a 50-day moving average price of $472.79 and a two-hundred day moving average price of $462.01. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $501.80. The company has a market capitalization of $461.27 billion, a P/E ratio of 39.44, a price-to-earnings-growth ratio of 1.96 and a beta of 1.10.

Mastercard (NYSE:MA) last issued 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 business had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.85 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. As a group, research analysts expect that Mastercard Incorporated will post 14.29 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

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.