Barrett & Company Inc. Has $274,000 Stock Position in Mastercard Incorporated (NYSE:MA)

Barrett & Company Inc. decreased its holdings in Mastercard Incorporated (NYSE:MA) by 6.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 555 shares of the credit services provider’s stock after selling 41 shares during the period. Barrett & Company Inc.’s holdings in Mastercard were worth $274,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in MA. Goldstein Advisors LLC increased its holdings in shares of Mastercard by 1.3% during the third quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock valued at $749,000 after acquiring an additional 20 shares in the last quarter. McLean Asset Management Corp boosted its position in shares of Mastercard by 1.3% during the third quarter. McLean Asset Management Corp now owns 1,677 shares of the credit services provider’s stock valued at $834,000 after buying an additional 21 shares during the last quarter. Quilter Plc increased its holdings in Mastercard by 2.8% in the 2nd quarter. Quilter Plc now owns 801 shares of the credit services provider’s stock worth $353,000 after buying an additional 22 shares in the last quarter. Cornerstone Wealth Management LLC lifted its stake in Mastercard by 0.5% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 4,351 shares of the credit services provider’s stock valued at $2,148,000 after acquiring an additional 22 shares during the period. Finally, Lafayette Investments Inc. raised its holdings in shares of Mastercard by 4.4% during the third quarter. Lafayette Investments Inc. now owns 524 shares of the credit services provider’s stock valued at $259,000 after purchasing an additional 22 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Performance

Shares of NYSE:MA traded up $2.15 on Monday, hitting $509.51. 267,675 shares of the company were exchanged, compared to its average volume of 2,418,552. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. The stock’s 50 day moving average price is $491.84 and its 200 day moving average price is $465.36. Mastercard Incorporated has a 1-year low of $364.72 and a 1-year high of $518.82. The firm has a market capitalization of $473.65 billion, a P/E ratio of 40.33, a price-to-earnings-growth ratio of 2.27 and a beta of 1.10.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, beating analysts’ consensus estimates of $3.51 by $0.08. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The business had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.85 billion. Sell-side analysts predict that Mastercard Incorporated will post 14.32 EPS for the current year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be paid a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.52%. Mastercard’s payout ratio is currently 20.99%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MA shares. Citigroup lifted their price target on shares of Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Oppenheimer began coverage on Mastercard in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price objective on the stock. TD Cowen upped their price target on shares of Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. BNP Paribas downgraded shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price for the company. in a report on Tuesday, September 3rd. Finally, Robert W. Baird boosted their price target on Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $525.68.

Insider Buying and Selling at Mastercard

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now directly owns 17,118 shares in the company, valued at $8,440,885.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the transaction, the chief financial officer now directly owns 27,304 shares in the company, valued at approximately $12,423,320. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the transaction, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 340,809 shares of company stock valued at $159,610,703. 0.10% of the stock is owned by insiders.

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.