CFS Investment Advisory Services LLC Has $437,000 Holdings in Mastercard Incorporated (NYSE:MA)

CFS Investment Advisory Services LLC cut its holdings in Mastercard Incorporated (NYSE:MA) by 5.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 884 shares of the credit services provider’s stock after selling 50 shares during the period. CFS Investment Advisory Services LLC’s holdings in Mastercard were worth $437,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MA. China Universal Asset Management Co. Ltd. raised its holdings in shares of Mastercard by 46.4% in the first quarter. China Universal Asset Management Co. Ltd. now owns 14,785 shares of the credit services provider’s stock valued at $7,120,000 after purchasing an additional 4,685 shares during the last quarter. Quadrature Capital Ltd acquired a new position in Mastercard during the first quarter worth $391,000. Morse Asset Management Inc increased its holdings in Mastercard by 4.8% during the first quarter. Morse Asset Management Inc now owns 9,672 shares of the credit services provider’s stock worth $4,658,000 after buying an additional 439 shares during the last quarter. London & Capital Asset Management Ltd increased its holdings in Mastercard by 3.0% during the first quarter. London & Capital Asset Management Ltd now owns 55,297 shares of the credit services provider’s stock worth $26,629,000 after buying an additional 1,611 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC increased its holdings in Mastercard by 2.1% during the first quarter. Mount Yale Investment Advisors LLC now owns 4,217 shares of the credit services provider’s stock worth $2,031,000 after buying an additional 86 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Trading Up 1.1 %

MA opened at $520.76 on Friday. Mastercard Incorporated has a twelve month low of $404.32 and a twelve month high of $534.03. The company has a 50-day simple moving average of $506.91 and a 200 day simple moving average of $473.55. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. The stock has a market capitalization of $477.97 billion, a price-to-earnings ratio of 39.39, a P/E/G ratio of 2.29 and a beta of 1.10.

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

Mastercard Dividend Announcement

The company also recently disclosed 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 was Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.51%. Mastercard’s dividend payout ratio is 19.97%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Robert W. Baird boosted their target price on shares of Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Mizuho boosted their target price on shares of Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. JPMorgan Chase & Co. lowered their target price on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. KeyCorp lifted their price objective on shares of Mastercard from $515.00 to $580.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, BNP Paribas cut shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective for the company. in a research report on Tuesday, September 3rd. Four equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus target price of $549.16.

Insider Buying and Selling

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. The trade was a 23.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is currently owned by company insiders.

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.