King Luther Capital Management Corp Has $76.68 Million Stock Position in Mastercard Incorporated (NYSE:MA)

King Luther Capital Management Corp grew its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 4.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 155,280 shares of the credit services provider's stock after purchasing an additional 6,253 shares during the quarter. King Luther Capital Management Corp's holdings in Mastercard were worth $76,677,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in MA. Sarasin & Partners LLP raised its position in shares of Mastercard by 4.7% during the third quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider's stock valued at $410,813,000 after buying an additional 37,486 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Mastercard by 4.8% in the third 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 last quarter. Coppell Advisory Solutions Corp. bought a new stake in Mastercard during the 1st quarter worth about $608,000. SteelPeak Wealth LLC lifted its holdings in Mastercard by 48.6% in the second quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider's stock valued at $2,174,000 after buying an additional 1,612 shares during the period. Finally, OMC Financial Services LTD acquired a new stake in shares of Mastercard during the first quarter worth $17,854,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Trading Down 1.3 %

MA stock opened at $512.54 on Thursday. The firm has a market cap of $470.42 billion, a PE ratio of 38.77, a price-to-earnings-growth ratio of 2.31 and a beta of 1.10. Mastercard Incorporated has a fifty-two week low of $404.32 and a fifty-two week high of $534.03. The firm has a fifty day moving average price of $505.90 and a 200 day moving average price of $472.76. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current 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 for the quarter, topping analysts' consensus estimates of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The company had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. During the same period in the prior year, the firm earned $3.39 earnings per share. The firm's revenue for the quarter was up 12.8% compared to the same quarter last year. Sell-side analysts anticipate that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were paid a $0.66 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.52%. Mastercard's dividend payout ratio (DPR) is 19.97%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MA. BMO Capital Markets upped their price target on shares of Mastercard from $550.00 to $565.00 and gave the company an "outperform" rating in a report on Thursday, November 14th. Piper Sandler restated an "overweight" rating and set a $575.00 price objective (up from $565.00) on shares of Mastercard in a research report on Friday, November 15th. Morgan Stanley lifted their price target on Mastercard from $544.00 to $564.00 and gave the stock an "overweight" rating in a report on Thursday, November 14th. Susquehanna increased their price objective on Mastercard from $540.00 to $605.00 and gave the stock a "positive" rating in a research report on Friday, November 1st. Finally, Argus raised shares of Mastercard to a "strong-buy" rating in a research report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average 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 Mastercard 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 owns 15,031 shares of the company's stock, valued at $7,363,085.66. The trade was a 23.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.10% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.