Deroy & Devereaux Private Investment Counsel Inc. Trims Stock Holdings in Mastercard Incorporated (NYSE:MA)

Deroy & Devereaux Private Investment Counsel Inc. reduced its stake in shares of Mastercard Incorporated (NYSE:MA) by 57.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 526 shares of the credit services provider’s stock after selling 700 shares during the period. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Mastercard were worth $260,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. O ROURKE & COMPANY Inc bought a new stake in Mastercard during the 3rd quarter worth approximately $246,000. Cordatus Wealth Management LLC increased its stake in shares of Mastercard by 1.2% in the third quarter. Cordatus Wealth Management LLC now owns 5,527 shares of the credit services provider’s stock worth $2,729,000 after purchasing an additional 65 shares in the last quarter. United Asset Strategies Inc. raised its position in shares of Mastercard by 3.1% during the 3rd quarter. United Asset Strategies Inc. now owns 37,609 shares of the credit services provider’s stock valued at $18,572,000 after purchasing an additional 1,148 shares during the period. AustralianSuper Pty Ltd lifted its stake in shares of Mastercard by 5.2% during the 3rd quarter. AustralianSuper Pty Ltd now owns 27,012 shares of the credit services provider’s stock valued at $13,339,000 after buying an additional 1,323 shares in the last quarter. Finally, Oldfather Financial Services LLC boosted its holdings in Mastercard by 2.6% in the 3rd quarter. Oldfather Financial Services LLC now owns 827 shares of the credit services provider’s stock worth $408,000 after buying an additional 21 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the completion of the sale, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s 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 transaction, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at $8,440,885.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 90,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the completion of the sale, the insider now directly owns 91,649,308 shares of the company’s stock, 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. Over the last 90 days, insiders have sold 340,809 shares of company stock valued at $159,610,703. 0.10% of the stock is currently owned by insiders.

Mastercard Stock Down 2.8 %

NYSE MA opened at $499.08 on Friday. 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 52 week low of $373.11 and a 52 week high of $527.90. The firm has a market capitalization of $461.07 billion, a price-to-earnings ratio of 38.16, a PEG ratio of 2.27 and a beta of 1.10. The company has a fifty day moving average of $494.93 and a two-hundred day moving average of $466.50.

Mastercard (NYSE:MA) last released 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. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The firm had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. On average, analysts predict that Mastercard Incorporated will post 14.33 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.53%. Mastercard’s dividend payout ratio (DPR) is presently 20.18%.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of recent analyst reports. BMO Capital Markets reissued an “outperform” rating and set a $520.00 price target on shares of Mastercard in a report on Wednesday, August 14th. Piper Sandler boosted their price target on Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Oppenheimer assumed coverage on Mastercard in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price target for the company. JPMorgan Chase & Co. lifted their price objective on shares of Mastercard from $570.00 to $593.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, BNP Paribas lowered shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price for the company. in a research report on Tuesday, September 3rd. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $525.68.

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.