Fifth Third Wealth Advisors LLC lifted its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 22.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,628 shares of the credit services provider's stock after buying an additional 3,475 shares during the quarter. Mastercard comprises 0.6% of Fifth Third Wealth Advisors LLC's portfolio, making the stock its 26th biggest holding. Fifth Third Wealth Advisors LLC's holdings in Mastercard were worth $9,199,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the stock. International Assets Investment Management LLC boosted its stake in shares of Mastercard by 120,665.3% in the 3rd quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider's stock valued at $3,971,020,000 after purchasing an additional 8,035,099 shares during the last quarter. Swedbank AB bought a new stake in Mastercard during the 1st quarter worth approximately $660,652,000. PineStone Asset Management Inc. raised its holdings in shares of Mastercard by 145.6% during the second quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider's stock worth $784,148,000 after acquiring an additional 1,053,616 shares during the period. Manning & Napier Advisors LLC bought a new stake in shares of Mastercard in the second quarter valued at about $259,071,000. Finally, Capital World Investors boosted its position in Mastercard by 13.3% during the 1st quarter. Capital World Investors now owns 3,293,617 shares of the credit services provider's stock worth $1,586,107,000 after acquiring an additional 387,317 shares during the last quarter. 97.28% of the stock is owned by institutional investors.
In related news, major shareholder Foundation Mastercard sold 90,000 shares of the stock in a transaction on 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 directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the sale, the chief marketing officer now directly owns 17,118 shares of the company's stock, valued at $8,440,885.80. This represents a 21.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 99,370 shares of company stock worth $46,797,168 over the last 90 days. Insiders own 0.10% of the company's stock.
Several analysts recently issued reports on MA shares. KeyCorp upped their target price on Mastercard from $515.00 to $580.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. Barclays upped their price objective on Mastercard from $536.00 to $576.00 and gave the stock an "overweight" rating in a research note on Thursday, October 10th. TD Cowen raised their target price on shares of Mastercard from $533.00 to $567.00 and gave the company a "buy" rating in a research note on Friday. Morgan Stanley boosted their target price on shares of Mastercard from $544.00 to $564.00 and gave the stock an "overweight" rating in a report on Thursday, November 14th. Finally, Oppenheimer started coverage on shares of Mastercard in a research note on Tuesday, October 1st. They issued an "outperform" rating and a $591.00 price target for the company. Four research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $549.16.
Read Our Latest Report on MA
Shares of Mastercard stock opened at $521.63 on Tuesday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. The company has a market cap of $478.77 billion, a PE ratio of 39.46, a price-to-earnings-growth ratio of 2.32 and a beta of 1.10. The company has a 50 day moving average of $504.78 and a 200-day moving average of $471.95. Mastercard Incorporated has a 1-year low of $398.26 and a 1-year high of $534.03.
Mastercard (NYSE:MA - Get Free Report) last released its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The firm had revenue of $7.37 billion during the quarter, compared to analysts' expectations of $7.27 billion. During the same period in the prior year, the company earned $3.39 earnings per share. The company's quarterly revenue was up 12.8% on a year-over-year basis. As a group, equities research analysts forecast that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were paid a $0.66 dividend. 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%.
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.
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