Mastercard Incorporated (NYSE:MA) Shares Sold by Intrinsic Value Partners LLC

Intrinsic Value Partners LLC cut its holdings in shares of Mastercard Incorporated (NYSE:MA) by 13.0% in the 3rd quarter, Holdings Channel reports. The fund owned 675 shares of the credit services provider’s stock after selling 101 shares during the period. Intrinsic Value Partners LLC’s holdings in Mastercard were worth $333,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MA. International Assets Investment Management LLC lifted its position in shares of Mastercard by 120,665.3% during the third quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock worth $3,971,020,000 after purchasing an additional 8,035,099 shares during the last quarter. Swedbank AB bought a new stake in shares of Mastercard in the 1st quarter valued at approximately $660,652,000. PineStone Asset Management Inc. raised its position in shares of Mastercard by 145.6% during the 2nd quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock valued at $784,148,000 after acquiring an additional 1,053,616 shares in the last quarter. Manning & Napier Advisors LLC bought a new position in Mastercard during the second quarter worth $259,071,000. Finally, Capital World Investors increased its stake in Mastercard by 13.3% during the first quarter. Capital World Investors now owns 3,293,617 shares of the credit services provider’s stock valued at $1,586,107,000 after purchasing an additional 387,317 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Stock Performance

Shares of MA opened at $524.76 on Monday. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. The firm’s 50 day moving average is $499.68 and its 200-day moving average is $468.88. Mastercard Incorporated has a 12-month low of $386.74 and a 12-month high of $528.84. The stock has a market capitalization of $481.64 billion, a P/E ratio of 39.69, a P/E/G ratio of 2.30 and a beta of 1.10.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) 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 firm had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. During the same quarter in the previous year, the business posted $3.39 earnings per share. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. Equities research analysts anticipate that Mastercard Incorporated will post 14.45 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s dividend payout ratio is 19.97%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on MA shares. Morgan Stanley raised their price target on shares of Mastercard from $540.00 to $544.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Oppenheimer started coverage on Mastercard in a research report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 price target on the stock. Citigroup upped their price objective on Mastercard from $566.00 to $572.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. BNP Paribas downgraded shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target for the company. in a report on Tuesday, September 3rd. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $565.00 price objective (up previously from $536.00) on shares of Mastercard in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and an average target price of $540.17.

Insider Activity at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction dated 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 completion of 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction 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 directly owns 15,031 shares of the company’s stock, valued at $7,363,085.66. The trade was 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 hyperlink. Also, major shareholder Foundation Mastercard sold 119,000 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $468.46, for a total value of $55,746,740.00. Following the completion of the sale, the insider now directly owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 327,370 shares of company stock worth $153,495,958 in the last quarter. 0.10% of the stock is owned by company insiders.

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.