Eaton Financial Holdings Company LLC Buys New Stake in Mastercard Incorporated (NYSE:MA)

Eaton Financial Holdings Company LLC acquired a new position in shares of Mastercard Incorporated (NYSE:MA - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,234 shares of the credit services provider's stock, valued at approximately $609,000.

A number of other institutional investors also recently bought and sold shares of the business. Temasek Holdings Private Ltd grew its position in Mastercard by 2.3% in the 3rd quarter. Temasek Holdings Private Ltd now owns 2,805,554 shares of the credit services provider's stock valued at $1,385,383,000 after buying an additional 62,891 shares during the last quarter. Sarasin & Partners LLP lifted its stake in shares of Mastercard by 4.7% in the 3rd quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider's stock worth $410,813,000 after acquiring an additional 37,486 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Mastercard by 4.8% in the 3rd quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider's stock worth $1,497,160,000 after acquiring an additional 138,842 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Mastercard by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider's stock valued at $2,474,151,000 after acquiring an additional 100,550 shares in the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of Mastercard during the second quarter worth about $6,850,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Mastercard

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the business'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 owns 15,031 shares of the company's stock, valued at $7,363,085.66. This represents a 23.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Mastercard Trading Down 0.4 %

NYSE:MA traded down $2.04 during trading hours on Thursday, reaching $532.41. 1,860,406 shares of the company were exchanged, compared to its average volume of 2,457,630. Mastercard Incorporated has a 52-week low of $411.60 and a 52-week high of $536.75. The stock has a 50 day simple moving average of $515.85 and a 200 day simple moving average of $480.24. The firm has a market cap of $488.66 billion, a price-to-earnings ratio of 40.43, a PEG ratio of 2.35 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business's quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.39 earnings per share. As a group, analysts predict that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.50%. The ex-dividend date was Wednesday, October 9th. Mastercard's dividend payout ratio (DPR) is 19.97%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on MA shares. JPMorgan Chase & Co. dropped their price objective on Mastercard from $593.00 to $580.00 and set an "overweight" rating on the stock in a report on Friday, November 1st. Royal Bank of Canada reiterated an "outperform" rating and issued a $572.00 price target on shares of Mastercard in a report on Thursday, November 14th. Robert W. Baird boosted their price objective on shares of Mastercard from $545.00 to $575.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. Susquehanna increased their target price on shares of Mastercard from $540.00 to $605.00 and gave the company a "positive" rating in a report on Friday, November 1st. Finally, TD Cowen boosted their price target on Mastercard from $533.00 to $567.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Four analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Mastercard presently has a consensus rating of "Moderate Buy" and a consensus price target of $559.28.

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.