Border to Coast Pensions Partnership Ltd Raises Holdings in Mastercard Incorporated (NYSE:MA)

Border to Coast Pensions Partnership Ltd increased its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 28.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,727 shares of the credit services provider's stock after purchasing an additional 22,609 shares during the quarter. Border to Coast Pensions Partnership Ltd's holdings in Mastercard were worth $49,594,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of MA. Palisade Asset Management LLC purchased a new stake in shares of Mastercard during the first quarter worth approximately $27,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Mastercard in the 2nd quarter valued at approximately $34,000. Fairway Wealth LLC acquired a new stake in shares of Mastercard in the 2nd quarter valued at $35,000. Steph & Co. purchased a new stake in shares of Mastercard during the 1st quarter worth $43,000. Finally, Lowe Wealth Advisors LLC grew its stake in shares of Mastercard by 74.0% during the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider's stock worth $43,000 after purchasing an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Mastercard Price Performance

Shares of Mastercard stock traded down $1.33 on Monday, hitting $515.01. The company's stock had a trading volume of 2,214,431 shares, compared to its average volume of 2,441,779. The company has a market capitalization of $478.76 billion, a P/E ratio of 41.14, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week high of $518.82. The firm has a fifty day moving average price of $486.90 and a 200-day moving average price of $464.01. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.08. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The company had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.85 billion. On average, equities research analysts expect that Mastercard Incorporated will post 14.3 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard's dividend payout ratio (DPR) is presently 20.99%.

Insiders Place Their Bets

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the company's stock in a transaction on Friday, September 20th. The stock was sold at an average price of $489.86, for a total value 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 represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the company's 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 transaction, the chief marketing officer now owns 15,031 shares of the company's stock, valued at approximately $7,363,085.66. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO J. Mehra Sachin sold 13,439 shares of the business's stock in a transaction 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 transaction, the chief financial officer now owns 27,304 shares of the company's stock, valued at $12,423,320. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 340,809 shares of company stock valued at $159,610,703. Corporate insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MA shares. KeyCorp lifted their price target on Mastercard from $490.00 to $515.00 and gave the stock an "overweight" rating in a report on Thursday, August 1st. Argus upgraded Mastercard to a "strong-buy" rating in a research note on Thursday, August 1st. Barclays increased their price target on shares of Mastercard from $536.00 to $576.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. Oppenheimer started coverage on shares of Mastercard in a research report on Tuesday, October 1st. They set an "outperform" rating and a $591.00 price objective for the company. Finally, Piper Sandler lifted their price target on shares of Mastercard from $531.00 to $536.00 and gave the stock an "overweight" rating in a research note on Friday, August 2nd. Four research analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $525.68.

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.