Investidor Profissional Gestao de Recursos Ltda. Sells 2,447 Shares of Mastercard Incorporated (NYSE:MA)

Investidor Profissional Gestao de Recursos Ltda. reduced its holdings in shares of Mastercard Incorporated (NYSE:MA) by 10.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,699 shares of the credit services provider’s stock after selling 2,447 shares during the quarter. Mastercard accounts for about 5.0% of Investidor Profissional Gestao de Recursos Ltda.’s holdings, making the stock its 4th biggest position. Investidor Profissional Gestao de Recursos Ltda.’s holdings in Mastercard were worth $10,715,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. China Universal Asset Management Co. Ltd. boosted its holdings in shares of Mastercard by 46.4% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 14,785 shares of the credit services provider’s stock worth $7,120,000 after buying an additional 4,685 shares during the last quarter. Hilltop Partners LLC raised its position in Mastercard by 4.9% in the first quarter. Hilltop Partners LLC now owns 2,965 shares of the credit services provider’s stock worth $1,428,000 after acquiring an additional 139 shares during the period. Capitolis Liquid Global Markets LLC boosted its stake in Mastercard by 144.6% in the first quarter. Capitolis Liquid Global Markets LLC now owns 352,200 shares of the credit services provider’s stock valued at $169,609,000 after acquiring an additional 208,200 shares during the last quarter. Thornburg Investment Management Inc. grew its position in shares of Mastercard by 1.2% during the 1st quarter. Thornburg Investment Management Inc. now owns 111,197 shares of the credit services provider’s stock valued at $53,544,000 after acquiring an additional 1,273 shares during the period. Finally, Lake Street Advisors Group LLC increased its stake in shares of Mastercard by 70.6% during the 1st quarter. Lake Street Advisors Group LLC now owns 10,858 shares of the credit services provider’s stock worth $5,229,000 after purchasing an additional 4,492 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Up 0.3 %

Shares of NYSE MA opened at $521.89 on Monday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. The firm’s fifty day moving average is $504.09 and its 200 day moving average is $471.38. The company has a market cap of $479.01 billion, a price-to-earnings ratio of 39.48, a PEG ratio of 2.28 and a beta of 1.10. Mastercard Incorporated has a 52 week low of $395.55 and a 52 week high of $534.03.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The company had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. During the same quarter last year, the firm posted $3.39 earnings per share. The firm’s revenue was up 12.8% on a year-over-year basis. On average, equities research analysts expect that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were issued a $0.66 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.51%. Mastercard’s dividend payout ratio (DPR) is presently 19.97%.

Insider Buying and Selling at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were 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 owns 15,031 shares in the company, valued at approximately $7,363,085.66. This represents a 23.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 90,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the transaction, the insider now directly owns 91,649,308 shares of the company’s stock, valued at $42,965,195,590.40. This represents a 0.10 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 99,370 shares of company stock valued at $46,797,168. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on MA shares. UBS Group lifted their price objective on Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a report on Thursday. Morgan Stanley boosted their price target on shares of Mastercard from $544.00 to $564.00 and gave the company an “overweight” rating in a research report on Thursday. Oppenheimer initiated coverage on shares of Mastercard in a research note on Tuesday, October 1st. They set an “outperform” rating and a $591.00 price target on the stock. William Blair upgraded Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Finally, Compass Point started coverage on Mastercard in a report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price target for the company. Four analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $549.16.

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.