Mastercard Incorporated (NYSE:MA) Holdings Boosted by Brooktree Capital Management

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Brooktree Capital Management boosted its position in shares of Mastercard Incorporated (NYSE:MA) by 1.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 10,540 shares of the credit services provider’s stock after buying an additional 184 shares during the quarter. Mastercard accounts for 3.0% of Brooktree Capital Management’s investment portfolio, making the stock its 10th biggest holding. Brooktree Capital Management’s holdings in Mastercard were worth $3,564,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MA. Carolina Wealth Advisors LLC bought a new stake in shares of Mastercard in the 3rd quarter worth about $30,000. Newfound Research LLC acquired a new position in shares of Mastercard during the 3rd quarter valued at about $34,000. Larson Financial Group LLC raised its position in shares of Mastercard by 55.2% in the 3rd quarter. Larson Financial Group LLC now owns 104 shares of the credit services provider’s stock worth $35,000 after buying an additional 37 shares during the period. Avion Wealth acquired a new position in Mastercard during the third quarter valued at approximately $37,000. Finally, Evolution Wealth Advisors LLC boosted its position in Mastercard by 530.4% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 145 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 122 shares during the period. Hedge funds and other institutional investors own 73.72% of the company’s stock.

Shares of NYSE:MA traded down $2.34 during mid-day trading on Tuesday, hitting $333.11. The stock had a trading volume of 56,799 shares, compared to its average volume of 4,892,253. The company’s 50 day moving average is $328.57 and its 200-day moving average is $315.56. Mastercard Incorporated has a 12-month low of $199.99 and a 12-month high of $367.25. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.85 and a current ratio of 1.85. The company has a market cap of $334.42 billion, a PE ratio of 50.29, a P/E/G ratio of 2.82 and a beta of 1.16.

Mastercard (NYSE:MA) last released its earnings results on Wednesday, October 28th. The credit services provider reported $1.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.65 by ($0.05). Mastercard had a net margin of 43.13% and a return on equity of 114.80%. On average, equities research analysts predict that Mastercard Incorporated will post 6.33 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 9th. Shareholders of record on Friday, October 9th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, October 8th. This represents a $1.60 dividend on an annualized basis and a yield of 0.48%. Mastercard’s payout ratio is presently 20.59%.

Several research firms recently commented on MA. Smith Barney Citigroup cut their price target on Mastercard from $384.00 to $355.00 in a research note on Thursday, October 29th. BMO Capital Markets lowered their price objective on shares of Mastercard from $345.00 to $333.00 and set an “outperform” rating for the company in a research report on Thursday, October 29th. Barclays boosted their price objective on shares of Mastercard from $360.00 to $385.00 and gave the company an “overweight” rating in a research report on Monday, September 21st. Truist lifted their price target on Mastercard from $375.00 to $415.00 in a report on Friday, August 28th. Finally, Bank of America upped their price objective on shares of Mastercard from $324.00 to $358.00 and gave the stock a “neutral” rating in a report on Thursday, August 27th. Five investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $348.18.

In other news, insider Michael Fraccaro sold 3,458 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $350.00, for a total value of $1,210,300.00. Following the completion of the sale, the insider now directly owns 5,147 shares of the company’s stock, valued at $1,801,450. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard Haythornthwaite sold 6,583 shares of the stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $328.87, for a total transaction of $2,164,951.21. Following the completion of the sale, the director now directly owns 27,432 shares of the company’s stock, valued at $9,021,561.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 550,868 shares of company stock worth $175,693,281. Company insiders own 3.79% of the company’s stock.

Mastercard Profile

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.

Further Reading: Death Cross

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MA).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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