Baxter Bros Inc. increased its stake in shares of Mastercard Inc (NYSE:MA) by 1.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,002 shares of the credit services provider’s stock after buying an additional 280 shares during the period. Mastercard accounts for approximately 1.2% of Baxter Bros Inc.’s holdings, making the stock its 26th biggest holding. Baxter Bros Inc.’s holdings in Mastercard were worth $5,120,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of MA. Fulton Bank N.A. increased its stake in shares of Mastercard by 2.0% in the 3rd quarter. Fulton Bank N.A. now owns 11,893 shares of the credit services provider’s stock valued at $2,648,000 after acquiring an additional 235 shares during the last quarter. Harvest Fund Management Co. Ltd increased its stake in shares of Mastercard by 8.8% in the 2nd quarter. Harvest Fund Management Co. Ltd now owns 3,213 shares of the credit services provider’s stock valued at $631,000 after acquiring an additional 259 shares during the last quarter. Price Wealth Management Inc. increased its stake in shares of Mastercard by 3.9% in the 2nd quarter. Price Wealth Management Inc. now owns 7,067 shares of the credit services provider’s stock valued at $1,389,000 after acquiring an additional 267 shares during the last quarter. Raymond James Trust N.A. increased its stake in shares of Mastercard by 1.9% in the 2nd quarter. Raymond James Trust N.A. now owns 14,154 shares of the credit services provider’s stock valued at $2,782,000 after acquiring an additional 268 shares during the last quarter. Finally, Peregrine Capital Management LLC increased its stake in shares of Mastercard by 0.3% in the 2nd quarter. Peregrine Capital Management LLC now owns 87,253 shares of the credit services provider’s stock valued at $17,147,000 after acquiring an additional 281 shares during the last quarter. Institutional investors and hedge funds own 74.36% of the company’s stock.

Shares of Mastercard stock opened at $204.22 on Friday. Mastercard Inc has a 1 year low of $140.61 and a 1 year high of $225.35. The firm has a market cap of $231.17 billion, a price-to-earnings ratio of 44.38, a price-to-earnings-growth ratio of 1.83 and a beta of 1.16. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.51 and a quick ratio of 1.51.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 26th. The credit services provider reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.13. Mastercard had a return on equity of 103.82% and a net margin of 33.81%. The business had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter last year, the firm posted $1.10 EPS. The company’s quarterly revenue was up 20.0% on a year-over-year basis. On average, sell-side analysts forecast that Mastercard Inc will post 6.41 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 9th. Shareholders of record on Tuesday, October 9th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Friday, October 5th. Mastercard’s dividend payout ratio is 21.83%.

A number of analysts recently issued reports on the company. Credit Suisse Group increased their target price on Mastercard from $210.00 to $224.00 and gave the stock an “outperform” rating in a research note on Monday, October 8th. Wells Fargo & Co increased their target price on Mastercard from $230.00 to $250.00 and gave the stock an “outperform” rating in a research note on Monday, October 1st. BMO Capital Markets assumed coverage on Mastercard in a research note on Wednesday, September 26th. They set an “outperform” rating and a $238.00 target price for the company. Goldman Sachs Group raised Mastercard from a “buy” rating to a “conviction-buy” rating in a research note on Monday, September 17th. Finally, Royal Bank of Canada increased their target price on Mastercard from $223.00 to $232.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 11th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $215.12.

In other Mastercard news, CFO Martina Hundmejean sold 69,817 shares of the firm’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $200.35, for a total transaction of $13,987,835.95. Following the completion of the sale, the chief financial officer now owns 128,905 shares of the company’s stock, valued at approximately $25,826,116.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.32% of the company’s stock.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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