Tobam Has $668,000 Stock Position in Mastercard Incorporated (NYSE:MA)

Tobam raised its stake in shares of Mastercard Incorporated (NYSE:MAFree Report) by 3.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,352 shares of the credit services provider’s stock after purchasing an additional 47 shares during the quarter. Tobam’s holdings in Mastercard were worth $668,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Swedbank AB bought a new position in shares of Mastercard in the first quarter valued at approximately $660,652,000. PineStone Asset Management Inc. raised its stake in shares of Mastercard by 145.6% in the second quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock valued at $784,148,000 after acquiring an additional 1,053,616 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Mastercard by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock valued at $32,096,470,000 after acquiring an additional 742,076 shares during the last quarter. Manning & Napier Advisors LLC bought a new position in shares of Mastercard in the second quarter valued at approximately $259,071,000. Finally, Global Assets Advisory LLC bought a new position in shares of Mastercard in the first quarter valued at approximately $203,198,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Down 0.5 %

NYSE MA traded down $2.68 on Thursday, reaching $497.27. The company had a trading volume of 640,294 shares, compared to its average volume of 2,438,032. The firm has a market capitalization of $462.27 billion, a price-to-earnings ratio of 39.57, a price-to-earnings-growth ratio of 1.96 and a beta of 1.10. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $501.80. The company’s fifty day moving average is $479.26 and its 200-day moving average is $462.66.

Mastercard (NYSE:MAGet Free Report) last announced its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share 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 net margin of 46.45% and a return on equity of 179.78%. On average, research analysts forecast that Mastercard Incorporated will post 14.29 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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

Wall Street Analyst Weigh In

MA has been the subject of a number of research analyst reports. Oppenheimer initiated coverage on shares of Mastercard in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 target price for the company. Piper Sandler boosted their price objective on shares of Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Argus upgraded shares of Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. Citigroup boosted their price objective on shares of Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Evercore ISI dropped their price objective on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Five equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and an average target price of $518.96.

Check Out Our Latest Report on Mastercard

Insiders Place Their Bets

In other Mastercard news, major shareholder Foundation Mastercard sold 119,000 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the sale, the insider now directly owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In other Mastercard news, major shareholder Foundation Mastercard sold 119,000 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the sale, the insider now directly owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the sale, the chief financial officer now directly owns 27,304 shares in the company, valued at approximately $12,423,320. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 340,809 shares of company stock valued at $159,610,703 in the last three months. 0.10% of the stock is currently owned by corporate insiders.

Mastercard Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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