Pegasus Partners Ltd. decreased its position in Mastercard Incorporated (NYSE:MA - Free Report) by 28.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,438 shares of the credit services provider's stock after selling 959 shares during the quarter. Pegasus Partners Ltd.'s holdings in Mastercard were worth $1,204,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC boosted its position in Mastercard by 120,665.3% during 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 period. Swedbank AB acquired a new position in shares of Mastercard during the first quarter worth approximately $660,652,000. PineStone Asset Management Inc. grew its holdings in Mastercard by 145.6% in the 2nd quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider's stock worth $784,148,000 after buying an additional 1,053,616 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in Mastercard in the 2nd quarter valued at approximately $259,071,000. Finally, Capital World Investors raised its stake 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 valued at $1,586,107,000 after acquiring an additional 387,317 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.
In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the business's stock in a transaction 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 completion of the transaction, the chief marketing officer now owns 17,118 shares of the company's stock, valued at $8,440,885.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the company's stock in a transaction dated 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 completion of the transaction, the chief marketing officer now owns 17,118 shares of the company's stock, valued at approximately $8,440,885.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 119,000 shares of the firm's stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $468.46, for a total value of $55,746,740.00. Following the completion of the sale, the insider now owns 92,033,308 shares of the company's stock, valued at $43,113,923,465.68. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 327,370 shares of company stock valued at $153,495,958. Corporate insiders own 0.10% of the company's stock.
A number of brokerages have recently commented on MA. Morgan Stanley raised their price target on Mastercard from $540.00 to $544.00 and gave the company an "overweight" rating in a report on Monday, November 4th. KeyCorp boosted their price target on shares of Mastercard from $515.00 to $580.00 and gave the stock an "overweight" rating in a research report on Friday, November 1st. Barclays raised their price objective on shares of Mastercard from $536.00 to $576.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. Compass Point began coverage on Mastercard in a research note on Wednesday, September 4th. They set a "neutral" rating and a $525.00 price target for the company. Finally, BNP Paribas downgraded Mastercard from an "outperform" rating to a "neutral" rating and set a $470.00 price objective on the stock. in a research note on Tuesday, September 3rd. Four research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Mastercard presently has a consensus rating of "Moderate Buy" and a consensus target price of $540.17.
Read Our Latest Stock Report on Mastercard
NYSE MA opened at $524.67 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. The stock has a market capitalization of $481.56 billion, a PE ratio of 39.69, a price-to-earnings-growth ratio of 2.28 and a beta of 1.10. Mastercard Incorporated has a 12-month low of $386.74 and a 12-month high of $528.84. The company has a 50 day moving average price of $499.68 and a two-hundred day moving average price of $468.84.
Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.16. The business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. Mastercard's quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.39 EPS. As a group, equities analysts predict that Mastercard Incorporated will post 14.45 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date was Wednesday, October 9th. Mastercard's dividend payout ratio is 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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