J. Stern & Co. LLP Has $56.79 Million Stake in Mastercard Incorporated (NYSE:MA)

J. Stern & Co. LLP grew its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 5.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,002 shares of the credit services provider's stock after purchasing an additional 5,447 shares during the quarter. Mastercard comprises approximately 6.1% of J. Stern & Co. LLP's portfolio, making the stock its 6th largest holding. J. Stern & Co. LLP's holdings in Mastercard were worth $56,788,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. China Universal Asset Management Co. Ltd. increased its holdings in shares of Mastercard by 46.4% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 14,785 shares of the credit services provider's stock worth $7,120,000 after buying an additional 4,685 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of Mastercard during the 1st quarter worth $391,000. Kennedy Capital Management LLC acquired a new stake in shares of Mastercard during the 1st quarter worth about $5,512,000. Redwood Investment Management LLC boosted its stake in Mastercard by 10.3% during the first quarter. Redwood Investment Management LLC now owns 4,085 shares of the credit services provider's stock worth $1,967,000 after buying an additional 382 shares during the period. Finally, Coppell Advisory Solutions Corp. purchased a new stake in shares of Mastercard in the 1st quarter valued at approximately $608,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Trading Up 0.4 %

Shares of NYSE MA traded up $1.88 during midday trading on Tuesday, reaching $528.48. 2,273,331 shares of the stock were exchanged, compared to its average volume of 2,467,149. 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 company has a market capitalization of $485.05 billion, a P/E ratio of 39.98, a P/E/G ratio of 2.32 and a beta of 1.10. The stock has a 50 day moving average price of $508.03 and a 200-day moving average price of $474.83. Mastercard Incorporated has a 52-week low of $404.32 and a 52-week high of $534.03.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating analysts' consensus estimates of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The business had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. During the same quarter in the previous year, the business earned $3.39 earnings per share. The business's revenue for the quarter was up 12.8% on a year-over-year basis. Equities research analysts expect that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were paid 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 0.50%. Mastercard's dividend payout ratio is currently 19.97%.

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 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now directly owns 17,118 shares of the company's stock, valued at $8,440,885.80. This represents a 21.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Macquarie boosted their price target on shares of Mastercard from $505.00 to $565.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their price target on shares of Mastercard from $510.00 to $580.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Compass Point assumed coverage on Mastercard in a research report on Wednesday, September 4th. They set a "neutral" rating and a $525.00 price objective on the stock. Barclays lifted their target price on Mastercard from $536.00 to $576.00 and gave the company an "overweight" rating in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. cut their price target on Mastercard from $593.00 to $580.00 and set an "overweight" rating on the stock in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Mastercard has an average rating of "Moderate Buy" and an average target price 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.