B. Metzler seel. Sohn & Co. Holding AG Takes $114.21 Million Position in Mastercard Incorporated (NYSE:MA)

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Mastercard Incorporated (NYSE:MA) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 231,279 shares of the credit services provider’s stock, valued at approximately $114,205,000. Mastercard accounts for about 1.1% of B. Metzler seel. Sohn & Co. Holding AG’s holdings, making the stock its 19th largest holding.

Several other hedge funds have also recently made changes to their positions in the business. Banque Cantonale Vaudoise increased its stake in shares of Mastercard by 13.9% during the third quarter. Banque Cantonale Vaudoise now owns 44,133 shares of the credit services provider’s stock valued at $21,793,000 after buying an additional 5,395 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co purchased a new position in shares of Mastercard during the third quarter valued at approximately $202,000. Princeton Capital Management LLC grew its stake in Mastercard by 17.7% in the third quarter. Princeton Capital Management LLC now owns 10,459 shares of the credit services provider’s stock worth $5,164,000 after purchasing an additional 1,572 shares during the period. Fifth Third Wealth Advisors LLC grew its stake in Mastercard by 22.9% in the third quarter. Fifth Third Wealth Advisors LLC now owns 18,628 shares of the credit services provider’s stock worth $9,199,000 after purchasing an additional 3,475 shares during the period. Finally, BIP Wealth LLC grew its stake in Mastercard by 29.3% in the third quarter. BIP Wealth LLC now owns 985 shares of the credit services provider’s stock worth $486,000 after purchasing an additional 223 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Stock Down 0.0 %

MA stock opened at $521.63 on Tuesday. Mastercard Incorporated has a fifty-two week low of $398.26 and a fifty-two week high of $534.03. The business’s 50-day moving average is $504.78 and its two-hundred day moving average is $471.95. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market cap of $478.77 billion, a price-to-earnings ratio of 39.46, a P/E/G ratio of 2.32 and a beta of 1.10.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share 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%. Mastercard’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.39 earnings per share. As a group, analysts forecast 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 given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s payout ratio is 19.97%.

Insiders Place Their Bets

In other Mastercard news, major shareholder Foundation Mastercard sold 90,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total value of $42,192,000.00. Following the completion of the sale, the insider now owns 91,649,308 shares in the company, valued at $42,965,195,590.40. This represents a 0.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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 value of $2,310,173.50. Following the completion of the sale, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. The trade was a 21.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 99,370 shares of company stock worth $46,797,168 over the last quarter. 0.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MA. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $572.00 price target on shares of Mastercard in a research note on Thursday, November 14th. Robert W. Baird upped their price target on Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. William Blair raised Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. UBS Group upped their price target on Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, Barclays boosted their target price on Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.