Wealthstream Advisors Inc. Purchases 64 Shares of Mastercard Incorporated (NYSE:MA)

Wealthstream Advisors Inc. increased its position in shares of Mastercard Incorporated (NYSE:MA) by 12.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 587 shares of the credit services provider’s stock after acquiring an additional 64 shares during the period. Wealthstream Advisors Inc.’s holdings in Mastercard were worth $290,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. increased its position in Mastercard by 46.4% during 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 purchasing an additional 4,685 shares in the last quarter. Brighton Jones LLC increased its holdings in Mastercard by 13.7% in the 1st quarter. Brighton Jones LLC now owns 6,394 shares of the credit services provider’s stock worth $3,079,000 after purchasing an additional 768 shares in the last quarter. Great Lakes Retirement Inc. boosted its stake in shares of Mastercard by 1.3% during the first quarter. Great Lakes Retirement Inc. now owns 4,982 shares of the credit services provider’s stock valued at $2,399,000 after purchasing an additional 63 shares in the last quarter. Banco BTG Pactual S.A. acquired a new position in shares of Mastercard in the first quarter valued at approximately $757,000. Finally, Nwam LLC raised its holdings in Mastercard by 20.1% in the 1st quarter. Nwam LLC now owns 1,659 shares of the credit services provider’s stock valued at $760,000 after buying an additional 278 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Insider Buying and Selling at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’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 transaction, the chief marketing officer now directly owns 17,118 shares in the company, valued at approximately $8,440,885.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Mastercard news, 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 transaction, the chief marketing officer now directly owns 17,118 shares in the company, valued at $8,440,885.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $467.45, for a total value of $50,952,050.00. Following the completion of the sale, the insider now directly owns 91,924,308 shares in the company, valued at approximately $42,970,017,774.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 327,370 shares of company stock valued at $153,495,958 in the last quarter. 0.10% of the stock is currently owned by corporate insiders.

Mastercard Trading Down 1.4 %

NYSE:MA opened at $521.50 on Thursday. The firm’s 50 day moving average is $502.32 and its 200 day moving average is $470.24. Mastercard Incorporated has a 12 month low of $394.76 and a 12 month high of $534.03. The stock has a market capitalization of $478.65 billion, a PE ratio of 39.45, a price-to-earnings-growth ratio of 2.32 and a beta of 1.10. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The company had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same period in the prior year, the company posted $3.39 EPS. Mastercard’s revenue was up 12.8% compared to the same quarter last year. Sell-side analysts expect that Mastercard Incorporated will post 14.45 earnings per share for the current year.

Mastercard Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. BMO Capital Markets boosted their target price on shares of Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a report on Thursday. KeyCorp raised their target price on Mastercard from $515.00 to $580.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. TD Cowen increased their price target on Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. cut their price objective on Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Finally, Oppenheimer assumed coverage on shares of Mastercard in a research note on Tuesday, October 1st. They set an “outperform” rating and a $591.00 target price for the company. Four analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus target price of $542.88.

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.