McIlrath & Eck LLC Has $206,000 Stake in Mastercard Incorporated (NYSE:MA)

McIlrath & Eck LLC cut its holdings in shares of Mastercard Incorporated (NYSE:MA) by 47.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 418 shares of the credit services provider’s stock after selling 376 shares during the quarter. McIlrath & Eck LLC’s holdings in Mastercard were worth $206,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MA. Highline Wealth Partners LLC acquired a new stake in shares of Mastercard during the 3rd quarter worth $25,000. Strategic Investment Solutions Inc. IL bought a new position in Mastercard in the 2nd quarter valued at about $34,000. Fairway Wealth LLC acquired a new position in shares of Mastercard in the 2nd quarter valued at approximately $35,000. First Personal Financial Services bought a new position in Mastercard in the third quarter valued at approximately $39,000. Finally, Lowe Wealth Advisors LLC raised its position in Mastercard by 74.0% during the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after purchasing an additional 37 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Trading Up 1.2 %

NYSE:MA opened at $529.16 on Wednesday. Mastercard Incorporated has a 52 week low of $411.60 and a 52 week high of $535.77. The firm’s fifty day moving average is $514.42 and its 200-day moving average is $479.31. The firm has a market cap of $485.68 billion, a P/E ratio of 40.03, a P/E/G ratio of 2.35 and a beta of 1.10. 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) last announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. The company had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The firm’s revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the business earned $3.39 EPS. Equities analysts expect that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Wednesday, October 9th. Mastercard’s payout ratio is 19.97%.

Insider Buying and Selling at Mastercard

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. BNP Paribas lowered Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target on the stock. in a research note on Tuesday, September 3rd. Oppenheimer initiated coverage on Mastercard in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 target price on the stock. William Blair reissued an “outperform” rating on shares of Mastercard in a report on Monday, November 25th. Robert W. Baird lifted their price target on shares of Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Finally, TD Cowen increased their price objective on shares of Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $559.28.

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.