Lake Street Advisors Group LLC Grows Stock Holdings in Mastercard Incorporated (NYSE:MA)

Lake Street Advisors Group LLC boosted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,765 shares of the credit services provider’s stock after purchasing an additional 71 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Mastercard were worth $5,316,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC raised its stake in shares of Mastercard by 120,665.3% in the third quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock valued at $3,971,020,000 after acquiring an additional 8,035,099 shares during the period. Swedbank AB bought a new position in shares of Mastercard in the first quarter worth about $660,652,000. PineStone Asset Management Inc. grew its holdings in shares of Mastercard by 145.6% in the second quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock worth $784,148,000 after purchasing an additional 1,053,616 shares during the last quarter. Manning & Napier Advisors LLC bought a new position in shares of Mastercard in the second quarter worth about $259,071,000. Finally, Capital World Investors grew its holdings in shares of Mastercard by 13.3% in the first quarter. Capital World Investors now owns 3,293,617 shares of the credit services provider’s stock worth $1,586,107,000 after purchasing an additional 387,317 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insiders Place Their Bets

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at $7,363,085.66. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard 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 owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 90,000 shares of Mastercard stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total transaction 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 340,809 shares of company stock valued at $159,610,703. 0.10% of the stock is owned by insiders.

Mastercard Stock Performance

Shares of Mastercard stock traded up $1.77 during midday trading on Friday, hitting $512.39. The company had a trading volume of 256,228 shares, compared to its average volume of 2,422,537. The stock has a market cap of $476.33 billion, a price-to-earnings ratio of 40.58, a PEG ratio of 2.22 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. The company has a fifty day simple moving average of $490.23 and a 200 day simple moving average of $464.93. Mastercard Incorporated has a 12-month low of $359.77 and a 12-month high of $518.82.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, beating the consensus estimate of $3.51 by $0.08. The firm had revenue of $6.96 billion during 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 14.3 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Wednesday, October 9th. Mastercard’s dividend payout ratio is presently 20.99%.

Analyst Ratings Changes

A number of research firms have recently commented on MA. TD Cowen upped their price target on shares of Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. BNP Paribas cut shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price on the stock. in a report on Tuesday, September 3rd. Citigroup increased their target price on shares of Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Susquehanna increased their target price on shares of Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a report on Thursday, August 1st. Finally, Royal Bank of Canada increased their target price on shares of Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and a consensus target price of $525.68.

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.