Glenmede Trust Co. NA Sells 1,901 Shares of Mastercard Incorporated (NYSE:MA)

Glenmede Trust Co. NA trimmed its position in Mastercard Incorporated (NYSE:MA - Free Report) by 0.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 397,977 shares of the credit services provider's stock after selling 1,901 shares during the period. Mastercard makes up approximately 0.9% of Glenmede Trust Co. NA's investment portfolio, making the stock its 16th largest holding. Glenmede Trust Co. NA's holdings in Mastercard were worth $196,521,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hardy Reed LLC lifted its position in Mastercard by 1.3% during the 3rd quarter. Hardy Reed LLC now owns 4,992 shares of the credit services provider's stock worth $2,465,000 after buying an additional 64 shares in the last quarter. J. Stern & Co. LLP increased its position in shares of Mastercard by 5.0% in the third quarter. J. Stern & Co. LLP now owns 115,002 shares of the credit services provider's stock valued at $56,788,000 after acquiring an additional 5,447 shares during the last quarter. Principal Street Partners LLC raised its holdings in Mastercard by 12.4% during the third quarter. Principal Street Partners LLC now owns 3,601 shares of the credit services provider's stock worth $1,669,000 after acquiring an additional 398 shares in the last quarter. Avestar Capital LLC raised its holdings in Mastercard by 2.2% during the third quarter. Avestar Capital LLC now owns 5,062 shares of the credit services provider's stock worth $2,500,000 after acquiring an additional 110 shares in the last quarter. Finally, Brooklyn Investment Group boosted its position in Mastercard by 4.8% during the third quarter. Brooklyn Investment Group now owns 6,105 shares of the credit services provider's stock valued at $3,015,000 after purchasing an additional 277 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Royal Bank of Canada reiterated an "outperform" rating and set a $572.00 price objective on shares of Mastercard in a research note on Thursday, November 14th. Oppenheimer assumed coverage on shares of Mastercard in a report on Tuesday, October 1st. They set an "outperform" rating and a $591.00 target price on the stock. Macquarie increased their price target on shares of Mastercard from $505.00 to $565.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. UBS Group lifted their price objective on shares of Mastercard from $590.00 to $610.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. Finally, Susquehanna upped 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. Four research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $549.16.

Insider Buying and Selling

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the transaction, the chief marketing officer now directly owns 15,031 shares of the company's stock, valued at $7,363,085.66. This trade represents a 23.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.10% of the stock is currently owned by company insiders.

Mastercard Stock Performance

Shares of NYSE:MA opened at $528.48 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a 12-month low of $404.32 and a 12-month high of $534.03. The company's 50 day moving average price is $508.03 and its two-hundred day moving average price is $474.83. The firm has a market cap of $485.05 billion, a PE ratio of 39.98, a PEG ratio of 2.34 and a beta of 1.10.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.73 by $0.16. The business had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The firm's quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.39 earnings per share. Equities research analysts predict that Mastercard Incorporated will post 14.47 earnings per share for the current 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 paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Wednesday, October 9th. Mastercard's dividend payout ratio (DPR) is presently 19.97%.

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.

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