Mastercard Incorporated (NYSE:MA) Shares Bought by Yoder Wealth Management Inc.

Yoder Wealth Management Inc. raised its holdings in Mastercard Incorporated (NYSE:MA) by 4.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 502 shares of the credit services provider’s stock after purchasing an additional 23 shares during the quarter. Yoder Wealth Management Inc.’s holdings in Mastercard were worth $248,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Jackson Wealth Management LLC increased its stake in shares of Mastercard by 74.8% during the third quarter. Jackson Wealth Management LLC now owns 30,987 shares of the credit services provider’s stock worth $15,301,000 after acquiring an additional 13,256 shares during the period. Lafayette Investments Inc. lifted its holdings in shares of Mastercard by 4.4% in 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 in the last quarter. Harvey Investment Co. LLC lifted its stake in shares of Mastercard by 1.3% during the third quarter. Harvey Investment Co. LLC now owns 44,686 shares of the credit services provider’s stock valued at $22,066,000 after buying an additional 575 shares during the period. Global Assets Advisory LLC purchased a new position in shares of Mastercard during the third quarter valued at approximately $915,000. Finally, X Square Capital LLC lifted its stake in shares of Mastercard by 12.9% during the third quarter. X Square Capital LLC now owns 1,197 shares of the credit services provider’s stock valued at $591,000 after buying an additional 137 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Performance

Mastercard stock traded down $1.67 during midday trading on Thursday, reaching $512.06. 384,635 shares of the stock traded hands, compared to its average volume of 2,425,638. 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 firm has a fifty day moving average price of $490.23 and a two-hundred day moving average price of $464.93. The firm has a market cap of $476.02 billion, a price-to-earnings ratio of 40.68, a PEG ratio of 2.22 and a beta of 1.10. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $518.82.

Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $0.08. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The company had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.85 billion. On average, equities research analysts forecast that Mastercard Incorporated will post 14.3 earnings per share for the current year.

Mastercard Announces Dividend

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

Analysts Set New Price Targets

MA has been the topic of a number of recent analyst reports. 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. Citigroup increased their price objective on shares of Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Susquehanna increased their price objective on shares of Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a research report on Thursday, August 1st. BNP Paribas lowered shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective for the company. in a research report on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. raised their price target on shares of Mastercard from $570.00 to $593.00 and gave the company an “overweight” rating in a report on Monday. Four research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Mastercard has an average rating of “Moderate Buy” and a consensus price target of $525.68.

Insider Activity at Mastercard

In related news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction that occurred 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 sale, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at $8,440,885.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the sale, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. This represents a 0.00 % decrease in their ownership of the stock. 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. Corporate insiders own 0.10% of the company’s stock.

About Mastercard

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.