Public Employees Retirement Association of Colorado decreased its stake in shares of Mastercard Inc (NYSE:MA) by 0.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 557,102 shares of the credit services provider’s stock after selling 1,204 shares during the quarter. Mastercard comprises about 0.9% of Public Employees Retirement Association of Colorado’s portfolio, making the stock its 24th biggest holding. Public Employees Retirement Association of Colorado owned about 0.05% of Mastercard worth $151,292,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently bought and sold shares of the business. Parkside Financial Bank & Trust boosted its stake in shares of Mastercard by 65.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,015 shares of the credit services provider’s stock worth $275,000 after acquiring an additional 400 shares during the period. Benjamin Edwards Inc. lifted its position in shares of Mastercard by 14.0% during the 3rd quarter. Benjamin Edwards Inc. now owns 677 shares of the credit services provider’s stock valued at $184,000 after acquiring an additional 83 shares during the period. Whitnell & Co. bought a new stake in shares of Mastercard during the 3rd quarter valued at $224,000. Principle Wealth Partners LLC lifted its position in shares of Mastercard by 38.5% during the 3rd quarter. Principle Wealth Partners LLC now owns 4,871 shares of the credit services provider’s stock valued at $1,323,000 after acquiring an additional 1,355 shares during the period. Finally, McIlrath & Eck LLC lifted its position in shares of Mastercard by 10.2% during the 3rd quarter. McIlrath & Eck LLC now owns 1,441 shares of the credit services provider’s stock valued at $391,000 after acquiring an additional 133 shares during the period. 74.21% of the stock is currently owned by hedge funds and other institutional investors.
In other Mastercard news, Director Richard K. Davis bought 1,735 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were bought at an average price of $270.09 per share, for a total transaction of $468,606.15. Following the transaction, the director now directly owns 6,031 shares in the company, valued at $1,628,912.79. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 7,542 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $270.00, for a total value of $2,036,340.00. Following the sale, the insider now owns 111,902,100 shares in the company, valued at approximately $30,213,567,000. The disclosure for this sale can be found here. Insiders sold a total of 99,080 shares of company stock worth $27,149,356 in the last quarter. Corporate insiders own 3.70% of the company’s stock.
MA traded up $2.10 on Friday, reaching $274.89. The stock had a trading volume of 2,200,430 shares, compared to its average volume of 3,524,577. Mastercard Inc has a fifty-two week low of $171.89 and a fifty-two week high of $293.69. The firm has a 50-day moving average of $272.40 and a 200-day moving average of $267.53. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.55. The company has a market capitalization of $272.92 billion, a price-to-earnings ratio of 42.36, a price-to-earnings-growth ratio of 2.19 and a beta of 1.04.
Mastercard (NYSE:MA) last issued its earnings results on Tuesday, October 29th. The credit services provider reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.14. Mastercard had a return on equity of 146.92% and a net margin of 42.50%. The business had revenue of $4.47 billion during the quarter, compared to analysts’ expectations of $4.41 billion. During the same quarter in the prior year, the firm earned $1.78 EPS. The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. Sell-side analysts anticipate that Mastercard Inc will post 7.69 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were given a $0.33 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.48%. Mastercard’s dividend payout ratio (DPR) is presently 20.34%.
MA has been the subject of a number of recent analyst reports. Citigroup upped their target price on Mastercard from $288.00 to $317.00 and gave the company a “buy” rating in a research report on Monday, September 9th. Guggenheim set a $305.00 price target on Mastercard and gave the stock a “buy” rating in a report on Friday, November 1st. Moffett Nathanson set a $320.00 price target on Mastercard and gave the stock a “buy” rating in a report on Wednesday, September 18th. Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a report on Tuesday, September 3rd. Finally, Nomura boosted their price target on Mastercard from $282.00 to $324.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $303.45.
Mastercard Company Profile
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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