Frazier Financial Advisors LLC Reduces Stock Holdings in Mastercard Incorporated (NYSE:MA)

Frazier Financial Advisors LLC lowered its position in Mastercard Incorporated (NYSE:MA) by 21.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 149 shares of the credit services provider’s stock after selling 41 shares during the quarter. Frazier Financial Advisors LLC’s holdings in Mastercard were worth $74,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Heritage Investment Group Inc. increased its position in shares of Mastercard by 4.1% in the third quarter. Heritage Investment Group Inc. now owns 835 shares of the credit services provider’s stock valued at $412,000 after buying an additional 33 shares in the last quarter. Natixis Advisors LLC increased its position in Mastercard by 11.1% during the 3rd quarter. Natixis Advisors LLC now owns 567,129 shares of the credit services provider’s stock worth $280,048,000 after purchasing an additional 56,480 shares in the last quarter. Mizuho Markets Americas LLC purchased a new stake in Mastercard during the 3rd quarter worth about $23,623,000. Coastline Trust Co increased its position in Mastercard by 1.5% during the 3rd quarter. Coastline Trust Co now owns 17,969 shares of the credit services provider’s stock worth $8,873,000 after purchasing an additional 260 shares in the last quarter. Finally, First Long Island Investors LLC increased its position in Mastercard by 3.1% during the 3rd quarter. First Long Island Investors LLC now owns 70,055 shares of the credit services provider’s stock worth $34,593,000 after purchasing an additional 2,090 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the sale, the chief marketing officer now directly owns 15,031 shares in the company, valued at $7,363,085.66. The trade was a 23.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 109,000 shares of Mastercard stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $467.45, for a total value of $50,952,050.00. Following the sale, the insider now owns 91,924,308 shares in the company, valued at $42,970,017,774.60. This represents a 0.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 208,370 shares of company stock valued at $97,749,218. Corporate insiders own 0.10% of the company’s stock.

Mastercard Stock Performance

Mastercard stock opened at $521.89 on Friday. The stock’s 50 day moving average price is $504.09 and its 200 day moving average price is $471.18. The firm has a market capitalization of $479.01 billion, a PE ratio of 39.48, a price-to-earnings-growth ratio of 2.28 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. Mastercard Incorporated has a one year low of $395.55 and a one year high of $534.03.

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

Mastercard Announces Dividend

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

Wall Street Analyst Weigh In

MA has been the subject of a number of recent research reports. Macquarie lifted their price objective on Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Morgan Stanley lifted their price objective on Mastercard from $544.00 to $564.00 and gave the stock an “overweight” rating in a research report on Thursday. BMO Capital Markets lifted their price objective on Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a research report on Thursday. Piper Sandler reiterated an “overweight” rating and set a $575.00 price objective (up previously from $565.00) on shares of Mastercard in a research report on Friday. Finally, Susquehanna raised their price target on Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Four equities research 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 stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $549.16.

Mastercard 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.