662 Shares in Mastercard Incorporated (NYSE:MA) Bought by Ted Buchan & Co

Ted Buchan & Co acquired a new position in shares of Mastercard Incorporated (NYSE:MA) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 662 shares of the credit services provider’s stock, valued at approximately $292,000.

Several other large investors have also recently added to or reduced their stakes in the company. Brevan Howard Capital Management LP lifted its stake in Mastercard by 213.2% in the fourth quarter. Brevan Howard Capital Management LP now owns 8,456 shares of the credit services provider’s stock valued at $3,607,000 after buying an additional 5,756 shares during the last quarter. Banque Cantonale Vaudoise lifted its stake in Mastercard by 6.9% in the first quarter. Banque Cantonale Vaudoise now owns 41,250 shares of the credit services provider’s stock valued at $19,865,000 after buying an additional 2,676 shares during the last quarter. Morningstar Investment Services LLC lifted its stake in Mastercard by 96.8% in the fourth quarter. Morningstar Investment Services LLC now owns 593,789 shares of the credit services provider’s stock valued at $253,144,000 after buying an additional 292,064 shares during the last quarter. First Trust Direct Indexing L.P. lifted its stake in Mastercard by 14.2% in the first quarter. First Trust Direct Indexing L.P. now owns 20,552 shares of the credit services provider’s stock valued at $9,897,000 after buying an additional 2,556 shares during the last quarter. Finally, Coppell Advisory Solutions Corp. bought a new stake in Mastercard in the first quarter valued at $608,000. 97.28% of the stock is currently owned by institutional investors.

Mastercard Trading Up 0.0 %

Shares of NYSE MA opened at $493.80 on Tuesday. Mastercard Incorporated has a one year low of $359.77 and a one year high of $501.80. The firm has a market capitalization of $459.04 billion, a PE ratio of 39.25, a PEG ratio of 1.96 and a beta of 1.10. 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 business has a 50-day moving average price of $471.70 and a two-hundred day moving average price of $461.86.

Mastercard (NYSE:MA) last announced its quarterly earnings data 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. The firm had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. As a group, analysts predict that Mastercard Incorporated will post 14.29 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be issued a dividend of $0.66 per share. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.53%. Mastercard’s dividend payout ratio is 20.99%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Barclays raised their target price on Mastercard from $530.00 to $536.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Evercore ISI cut their target price on Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. Bank of America raised their price target on Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. Argus raised Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. Finally, Piper Sandler raised their price target on Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Five investment analysts have rated the stock with a hold rating, twenty have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $513.70.

Insider Activity

In other news, major shareholder Foundation Mastercard sold 119,000 shares of Mastercard stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the completion of the sale, the insider now directly owns 92,033,308 shares in the company, valued at approximately $43,113,923,465.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, 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 transaction, the insider now directly owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO J. Mehra Sachin sold 13,439 shares of the firm’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 value of $6,114,745.00. Following the completion of the transaction, the chief financial officer now directly owns 27,304 shares in the company, valued at $12,423,320. The disclosure for this sale can be found here. Insiders sold a total of 340,809 shares of company stock worth $159,610,703 in the last three months. 0.10% of the stock is owned by insiders.

Mastercard Company 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.