Empowered Funds LLC Raises Position in Mastercard Incorporated (NYSE:MA)

Empowered Funds LLC raised its stake in Mastercard Incorporated (NYSE:MAGet Rating) by 17.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,372 shares of the credit services provider’s stock after purchasing an additional 781 shares during the quarter. Empowered Funds LLC’s holdings in Mastercard were worth $1,528,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bornite Capital Management LP purchased a new stake in shares of Mastercard during the first quarter valued at approximately $21,442,000. United Bank increased its position in shares of Mastercard by 34.5% during the first quarter. United Bank now owns 6,007 shares of the credit services provider’s stock valued at $2,147,000 after acquiring an additional 1,541 shares during the last quarter. Mackenzie Financial Corp grew its holdings in Mastercard by 30.1% during the first quarter. Mackenzie Financial Corp now owns 272,358 shares of the credit services provider’s stock valued at $97,335,000 after purchasing an additional 63,040 shares during the period. First Western Trust Bank bought a new position in Mastercard during the first quarter valued at $1,168,000. Finally, Bridgewater Associates LP bought a new position in Mastercard during the first quarter valued at $12,926,000. 74.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MA has been the subject of several research reports. Morgan Stanley reduced their price objective on Mastercard from $441.00 to $437.00 and set an “overweight” rating for the company in a report on Friday, October 28th. Deutsche Bank Aktiengesellschaft reduced their price objective on Mastercard from $440.00 to $375.00 and set a “buy” rating for the company in a report on Thursday, October 13th. Royal Bank of Canada reduced their price objective on Mastercard from $400.00 to $392.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Keefe, Bruyette & Woods reduced their price objective on Mastercard from $445.00 to $388.00 in a report on Monday, October 10th. Finally, Raymond James cut their price target on Mastercard from $417.00 to $406.00 and set an “outperform” rating for the company in a report on Tuesday, October 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $406.73.

Mastercard Trading Up 0.4 %

Shares of MA stock opened at $380.01 on Wednesday. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.25 and a current ratio of 1.25. Mastercard Incorporated has a 52-week low of $276.87 and a 52-week high of $399.92. The company has a market capitalization of $365.36 billion, a PE ratio of 37.96, a price-to-earnings-growth ratio of 1.70 and a beta of 1.10. The business’s fifty day moving average is $354.99 and its 200 day moving average is $335.42.

Mastercard (NYSE:MAGet Rating) last released its quarterly earnings results on Thursday, October 27th. The credit services provider reported $2.68 earnings per share for the quarter, beating analysts’ consensus estimates of $2.57 by $0.11. Mastercard had a return on equity of 148.94% and a net margin of 45.22%. The business had revenue of $5.76 billion for the quarter, compared to the consensus estimate of $5.66 billion. On average, equities research analysts anticipate that Mastercard Incorporated will post 10.56 EPS for the current fiscal year.

Mastercard Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 9th. Shareholders of record on Monday, January 9th will be given a dividend of $0.57 per share. This is an increase from Mastercard’s previous quarterly dividend of $0.49. The ex-dividend date is Friday, January 6th. This represents a $2.28 dividend on an annualized basis and a yield of 0.60%. Mastercard’s dividend payout ratio (DPR) is presently 22.78%.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Linda Pistecchia Kirkpatrick sold 7,064 shares of the firm’s stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $320.00, for a total transaction of $2,260,480.00. Following the sale, the insider now owns 11,207 shares in the company, valued at $3,586,240. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, major shareholder Foundation Mastercard sold 177,211 shares of Mastercard stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $318.14, for a total value of $56,377,907.54. Following the transaction, the insider now owns 102,211,625 shares in the company, valued at $32,517,606,377.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Linda Pistecchia Kirkpatrick sold 7,064 shares of Mastercard stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $320.00, for a total value of $2,260,480.00. Following the completion of the transaction, the insider now owns 11,207 shares in the company, valued at approximately $3,586,240. The disclosure for this sale can be found here. Insiders have sold 367,819 shares of company stock worth $117,733,271 over the last 90 days. Corporate insiders own 0.29% of the company’s stock.

Mastercard Company Profile

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Mastercard, Inc operates as a technology company. The firm engages in the payments industry that connects consumers, financial institutions, merchants, governments and business. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial and payment programs.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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