Quotient Wealth Partners LLC Purchases 571 Shares of Mastercard Incorporated (NYSE:MA)

Quotient Wealth Partners LLC raised its holdings in shares of Mastercard Incorporated (NYSE:MA) by 13.3% during the third quarter, Holdings Channel reports. The fund owned 4,863 shares of the credit services provider’s stock after buying an additional 571 shares during the period. Quotient Wealth Partners LLC’s holdings in Mastercard were worth $2,401,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in MA. Caxton Associates LP purchased a new stake in Mastercard in the fourth quarter worth $1,727,000. Vivaldi Capital Management LP purchased a new position in shares of Mastercard during the fourth quarter valued at approximately $406,000. Pinnacle Holdings LLC boosted its position in shares of Mastercard by 11.8% in the 4th quarter. Pinnacle Holdings LLC now owns 456 shares of the credit services provider’s stock worth $194,000 after purchasing an additional 48 shares in the last quarter. Orleans Capital Management Corp LA grew its stake in shares of Mastercard by 5.9% in the 4th quarter. Orleans Capital Management Corp LA now owns 4,997 shares of the credit services provider’s stock worth $2,131,000 after buying an additional 280 shares during the last quarter. Finally, Pathstone Holdings LLC bought a new position in Mastercard during the 4th quarter valued at approximately $62,733,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MA has been the topic of a number of recent research reports. Argus raised Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Citigroup raised their price objective on shares of Mastercard from $528.00 to $538.00 and gave the company a “buy” 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 issued a “neutral” rating and a $525.00 target price on the stock. Royal Bank of Canada upped their price objective on Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Finally, Barclays lifted their target price on Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a report on Thursday. Five investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and an average target price of $518.96.

Mastercard Stock Performance

Shares of Mastercard stock traded down $0.74 during midday trading on Thursday, hitting $499.21. The company had a trading volume of 474,813 shares, compared to its average volume of 2,437,208. The company has a fifty day simple moving average of $479.26 and a 200 day simple moving average of $462.66. The stock has a market cap of $464.07 billion, a price-to-earnings ratio of 39.57, a PEG 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.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, beating analysts’ consensus estimates of $3.51 by $0.08. The firm had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.85 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. As a group, analysts predict that Mastercard Incorporated will post 14.29 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors 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 0.53%. Mastercard’s dividend payout ratio is currently 20.99%.

Insider Buying and Selling

In related news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now owns 27,304 shares of the company’s stock, valued at $12,423,320. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction dated 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 in the company, valued at approximately $8,440,885.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 340,809 shares of company stock worth $159,610,703. 0.10% of the stock is owned by company insiders.

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.