Werba Rubin Papier Wealth Management Has $910,000 Position in Mastercard Incorporated (NYSE:MA)

Werba Rubin Papier Wealth Management cut its holdings in Mastercard Incorporated (NYSE:MA) by 7.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,843 shares of the credit services provider’s stock after selling 148 shares during the quarter. Werba Rubin Papier Wealth Management’s holdings in Mastercard were worth $910,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. McLean Asset Management Corp raised its holdings in Mastercard by 1.3% in the 3rd quarter. McLean Asset Management Corp now owns 1,677 shares of the credit services provider’s stock valued at $834,000 after buying an additional 21 shares during the last quarter. Hoxton Planning & Management LLC increased its position in Mastercard by 1.4% in the 1st quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock valued at $788,000 after acquiring an additional 22 shares during the period. Quilter Plc lifted its holdings in shares of Mastercard by 2.8% during the second quarter. Quilter Plc now owns 801 shares of the credit services provider’s stock worth $353,000 after purchasing an additional 22 shares during the period. Cornerstone Wealth Management LLC grew its stake in shares of Mastercard by 0.5% in the third quarter. Cornerstone Wealth Management LLC now owns 4,351 shares of the credit services provider’s stock worth $2,148,000 after purchasing an additional 22 shares during the last quarter. Finally, Benin Management CORP increased its holdings in Mastercard by 3.0% in the first quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock valued at $382,000 after purchasing an additional 23 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Price Performance

Shares of NYSE MA opened at $516.34 on Friday. The company’s 50-day moving average is $486.90 and its 200 day moving average is $464.10. 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 stock has a market capitalization of $480.00 billion, a P/E ratio of 41.04, a P/E/G ratio of 2.22 and a beta of 1.10. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $518.00.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.08. The company had revenue of $6.96 billion for 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%. On average, sell-side analysts expect that Mastercard Incorporated will post 14.3 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.51%. The ex-dividend date is Wednesday, October 9th. Mastercard’s payout ratio is currently 20.99%.

Analyst Ratings Changes

MA has been the topic of several analyst reports. Evercore ISI reduced their target price on Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Oppenheimer began coverage on Mastercard in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price objective for the company. TD Cowen upped their target price on Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Barclays raised their target price on Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Finally, William Blair upgraded Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Four analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $524.64.

Insider Buying and Selling

In other news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $455.00, for a total value 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard 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 transaction, the chief marketing officer now directly owns 17,118 shares in the company, valued at approximately $8,440,885.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 340,809 shares of company stock valued at $159,610,703. 0.10% of the stock is owned by company insiders.

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.