Mastercard Incorporated (NYSE:MA) Shares Bought by NewEdge Advisors LLC

NewEdge Advisors LLC increased its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 19.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 61,447 shares of the credit services provider's stock after purchasing an additional 9,922 shares during the quarter. NewEdge Advisors LLC's holdings in Mastercard were worth $27,108,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Westend Capital Management LLC purchased a new position in Mastercard during the 1st quarter valued at $27,000. Palisade Asset Management LLC purchased a new position in Mastercard during the 1st quarter valued at $27,000. VitalStone Financial LLC boosted its holdings in Mastercard by 300.0% during the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider's stock valued at $26,000 after acquiring an additional 45 shares during the period. Scarborough Advisors LLC purchased a new position in Mastercard during the 4th quarter valued at $28,000. Finally, Beaird Harris Wealth Management LLC purchased a new position in Mastercard during the 4th quarter valued at $30,000. Institutional investors own 97.28% of the company's stock.

Mastercard Stock Up 0.5 %

NYSE:MA traded up $2.37 during mid-day trading on Friday, hitting $493.64. 2,177,336 shares of the company's stock traded hands, compared to its average volume of 2,460,609. The company has a fifty day moving average of $470.79 and a 200 day moving average of $461.86. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $501.80. The company has a market capitalization of $458.90 billion, a P/E ratio of 39.24, a P/E/G ratio of 1.96 and a beta of 1.10. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14.

Mastercard (NYSE:MA - Get Free Report) last issued its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, topping analysts' consensus estimates of $3.51 by $0.08. The firm had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. On average, analysts forecast that Mastercard Incorporated will post 14.29 EPS for the current year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be given a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.53%. Mastercard's dividend payout ratio (DPR) is presently 20.99%.

Analyst Ratings Changes

MA has been the subject of a number of recent analyst reports. Susquehanna boosted their price objective on Mastercard from $535.00 to $540.00 and gave the company a "positive" rating in a report on Thursday, August 1st. Evercore ISI lowered their target price on Mastercard from $540.00 to $525.00 and set an "outperform" rating for the company in a report on Tuesday, June 25th. Compass Point began coverage on Mastercard in a report on Wednesday, September 4th. They issued a "neutral" rating and a $525.00 target price for the company. Barclays upped their target price on Mastercard from $530.00 to $536.00 and gave the stock an "overweight" rating in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. upped their target price on Mastercard from $500.00 to $570.00 and gave the stock an "overweight" rating in a report on Tuesday, August 20th. Five investment analysts have rated the stock with a hold rating, twenty have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $513.70.

Insider Activity

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the transaction, the chief marketing officer now owns 17,118 shares in the company, valued at $8,440,885.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the sale, the chief marketing officer now owns 17,118 shares of the company's stock, valued at $8,440,885.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of the sale, the chief financial officer now directly owns 27,304 shares of the company's stock, valued at approximately $12,423,320. The disclosure for this sale can be found here. Insiders have sold a total of 340,809 shares of company stock worth $159,610,703 over the last quarter. 0.10% of the stock is currently owned by corporate insiders.

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.