World Investment Advisors LLC Has $9.14 Million Stock Position in Mastercard Incorporated (NYSE:MA)

World Investment Advisors LLC lifted its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 512.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,516 shares of the credit services provider's stock after buying an additional 15,491 shares during the quarter. World Investment Advisors LLC's holdings in Mastercard were worth $9,143,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. State Street Corp boosted its stake in Mastercard by 0.7% during the 3rd quarter. State Street Corp now owns 35,288,912 shares of the credit services provider's stock worth $17,425,665,000 after acquiring an additional 257,312 shares during the last quarter. FMR LLC grew its holdings in shares of Mastercard by 3.4% in the 3rd quarter. FMR LLC now owns 21,355,081 shares of the credit services provider's stock valued at $10,545,139,000 after buying an additional 700,769 shares during the period. Geode Capital Management LLC increased its position in shares of Mastercard by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 18,375,053 shares of the credit services provider's stock valued at $9,043,972,000 after buying an additional 453,773 shares in the last quarter. International Assets Investment Management LLC grew its stake in Mastercard by 120,665.3% in the third quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider's stock valued at $3,971,020,000 after acquiring an additional 8,035,099 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Mastercard by 1.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,308,684 shares of the credit services provider's stock worth $3,115,228,000 after purchasing an additional 64,456 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Price Performance

MA stock traded down $1.52 during mid-day trading on Friday, hitting $530.89. The stock had a trading volume of 635,718 shares, compared to its average volume of 2,449,935. The firm has a fifty day simple moving average of $516.61 and a 200 day simple moving average of $480.61. Mastercard Incorporated has a 52 week low of $411.60 and a 52 week high of $536.75. 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 firm has a market capitalization of $487.27 billion, a P/E ratio of 40.28, a P/E/G ratio of 2.38 and a beta of 1.10.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping 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 company had revenue of $7.37 billion during the quarter, compared to analysts' expectations of $7.27 billion. During the same quarter in the previous year, the firm earned $3.39 EPS. Mastercard's revenue was up 12.8% on a year-over-year basis. As a group, research analysts forecast that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors 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 (DPR) is presently 19.97%.

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 transaction of $2,294,994.10. Following the sale, the chief marketing officer now directly owns 15,031 shares in the company, valued at $7,363,085.66. This trade represents a 23.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

MA has been the topic of a number of research analyst reports. KeyCorp raised their price objective on shares of Mastercard from $515.00 to $580.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. UBS Group boosted their price target on Mastercard from $590.00 to $610.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft upped their price objective on Mastercard from $510.00 to $580.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Susquehanna lifted their target price on Mastercard from $540.00 to $605.00 and gave the company a "positive" rating in a research report on Friday, November 1st. Finally, Barclays upped their price target on Mastercard from $536.00 to $576.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. Four equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Mastercard has an average rating of "Moderate Buy" and an average target price of $559.28.

About Mastercard

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.