Geller Advisors LLC decreased its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 21.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 7,957 shares of the credit services provider's stock after selling 2,226 shares during the period. Mastercard accounts for about 0.3% of Geller Advisors LLC's portfolio, making the stock its 27th largest position. Geller Advisors LLC's holdings in Mastercard were worth $3,929,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Temasek Holdings Private Ltd raised its stake in shares of Mastercard by 2.3% during the 3rd quarter. Temasek Holdings Private Ltd now owns 2,805,554 shares of the credit services provider's stock worth $1,385,383,000 after acquiring an additional 62,891 shares in the last quarter. Sarasin & Partners LLP lifted its holdings in shares of Mastercard by 4.7% during the 3rd quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider's stock valued at $410,813,000 after purchasing an additional 37,486 shares during the last quarter. Principal Financial Group Inc. grew its stake in Mastercard by 4.8% during the 3rd quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider's stock worth $1,497,160,000 after buying an additional 138,842 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Mastercard by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider's stock valued at $2,474,151,000 after buying an additional 100,550 shares in the last quarter. Finally, SteelPeak Wealth LLC raised its stake in Mastercard by 48.6% in the second quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider's stock valued at $2,174,000 after buying an additional 1,612 shares during the last quarter. Institutional investors own 97.28% of the company's stock.
Shares of NYSE MA opened at $528.57 on Monday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market cap of $485.14 billion, a PE ratio of 39.98, a PEG ratio of 2.35 and a beta of 1.10. Mastercard Incorporated has a one year low of $409.23 and a one year high of $535.77. The firm has a fifty day moving average of $513.84 and a 200 day moving average of $478.81.
Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating analysts' consensus estimates of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. During the same period last year, the company posted $3.39 EPS. Mastercard's quarterly revenue was up 12.8% compared to the same quarter last year. As a group, research analysts predict that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were paid a dividend of $0.66 per share. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.50%. Mastercard's dividend payout ratio (DPR) is presently 19.97%.
Several research firms have recently issued reports on MA. Barclays increased their price objective on shares of Mastercard from $536.00 to $576.00 and gave the company an "overweight" rating in a research report on Thursday, October 10th. Mizuho boosted their price objective on shares of Mastercard from $496.00 to $532.00 and gave the company an "outperform" rating in a report on Friday, November 1st. UBS Group raised their target price on Mastercard from $590.00 to $610.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft boosted their price target on Mastercard from $510.00 to $580.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Finally, Macquarie raised their price objective on Mastercard from $505.00 to $565.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $551.42.
View Our Latest Report on Mastercard
In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the sale, the chief marketing officer now owns 15,031 shares of the company's stock, valued at approximately $7,363,085.66. This trade represents a 23.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.10% of the company's stock.
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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