Harvey Investment Co. LLC lifted its position in Mastercard Incorporated (NYSE:MA – Free Report) by 1.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 44,686 shares of the credit services provider’s stock after acquiring an additional 575 shares during the period. Mastercard comprises 2.5% of Harvey Investment Co. LLC’s investment portfolio, making the stock its 15th largest holding. Harvey Investment Co. LLC’s holdings in Mastercard were worth $22,066,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in MA. First Trust Direct Indexing L.P. boosted its position in shares of Mastercard by 14.2% during the first quarter. First Trust Direct Indexing L.P. now owns 20,552 shares of the credit services provider’s stock valued at $9,897,000 after buying an additional 2,556 shares during the period. Coppell Advisory Solutions Corp. purchased a new position in Mastercard during the 1st quarter valued at $608,000. SteelPeak Wealth LLC boosted its stake in shares of Mastercard by 48.6% during the second quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock valued at $2,174,000 after purchasing an additional 1,612 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in Mastercard in the 1st quarter worth about $2,938,000. Finally, OMC Financial Services LTD bought a new stake in shares of Mastercard during the first quarter valued at approximately $17,854,000. 97.28% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the sale, the chief marketing officer now directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 90,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total value of $42,192,000.00. Following the sale, the insider now directly owns 91,649,308 shares in the company, valued at approximately $42,965,195,590.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 340,809 shares of company stock valued at $159,610,703 over the last quarter. 0.10% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Read Our Latest Analysis on Mastercard
Mastercard Stock Down 0.3 %
NYSE:MA opened at $511.96 on Thursday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $518.82. The company has a market cap of $475.93 billion, a PE ratio of 40.84, a P/E/G ratio of 2.22 and a beta of 1.10. The company’s 50 day moving average is $490.23 and its two-hundred day moving average is $464.93.
Mastercard (NYSE:MA – Get Free Report) 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%. Analysts anticipate that Mastercard Incorporated will post 14.3 EPS for the current year.
Mastercard Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Wednesday, October 9th. Mastercard’s payout ratio is 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.
Further Reading
- Five stocks we like better than Mastercard
- 5 Top Rated Dividend Stocks to Consider
- A $1.75 Billion Gamble: Can Lucid Ignite Growth?
- What Investors Must Know About Over-the-Counter (OTC) Stocks
- The Rally in Lockheed Martin and RTX Can Continue: Here’s Why
- How to Invest in the Best Canadian Stocks
- 3 Undervalued Technology Stocks With Big Rebound Potential
Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MA – Free Report).
Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.