West Family Investments Inc. Decreases Stock Position in Mastercard Incorporated (NYSE:MA)

West Family Investments Inc. trimmed its position in shares of Mastercard Incorporated (NYSE:MA) by 64.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,972 shares of the credit services provider’s stock after selling 5,494 shares during the quarter. West Family Investments Inc.’s holdings in Mastercard were worth $1,468,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. PNC Financial Services Group Inc. grew its stake in shares of Mastercard by 0.3% during the third quarter. PNC Financial Services Group Inc. now owns 858,473 shares of the credit services provider’s stock valued at $423,914,000 after buying an additional 2,980 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Mastercard during the 3rd quarter valued at $114,205,000. Banque Cantonale Vaudoise grew its position in Mastercard by 13.9% in the 3rd quarter. Banque Cantonale Vaudoise now owns 44,133 shares of the credit services provider’s stock valued at $21,793,000 after acquiring an additional 5,395 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co purchased a new stake in Mastercard in the third quarter worth $202,000. Finally, Princeton Capital Management LLC lifted its position in shares of Mastercard by 17.7% during the third quarter. Princeton Capital Management LLC now owns 10,459 shares of the credit services provider’s stock worth $5,164,000 after purchasing an additional 1,572 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Down 0.0 %

Shares of MA opened at $521.63 on Tuesday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. The firm has a market cap of $478.77 billion, a P/E ratio of 39.46, a PEG ratio of 2.32 and a beta of 1.10. The stock’s 50 day moving average is $504.78 and its two-hundred day moving average is $471.95. Mastercard Incorporated has a 12 month low of $398.26 and a 12 month high of $534.03.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. The firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter last year, the company earned $3.39 EPS. Analysts predict that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.51%. Mastercard’s dividend payout ratio (DPR) is presently 19.97%.

Insider Activity at Mastercard

In related news, major shareholder Foundation Mastercard sold 90,000 shares of the stock in a transaction on 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 completion of the transaction, the insider now directly owns 91,649,308 shares of the company’s stock, valued at approximately $42,965,195,590.40. This represents a 0.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on Friday, September 20th. The stock was 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 directly owns 15,031 shares in the company, valued at approximately $7,363,085.66. This trade represents a 23.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 99,370 shares of company stock valued at $46,797,168. 0.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on MA. Piper Sandler restated an “overweight” rating and issued a $575.00 price target (up from $565.00) on shares of Mastercard in a report on Friday. Oppenheimer began coverage on shares of Mastercard in a report on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price target on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $572.00 price objective on shares of Mastercard in a research report on Thursday, November 14th. UBS Group upped their price target on shares of Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Compass Point assumed coverage on Mastercard in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 target price on the stock. Four research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $549.16.

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.