Fi3 FINANCIAL ADVISORS LLC Sells 151 Shares of Mastercard Incorporated (NYSE:MA)

Fi3 FINANCIAL ADVISORS LLC lowered its stake in Mastercard Incorporated (NYSE:MA) by 19.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 620 shares of the credit services provider’s stock after selling 151 shares during the period. Fi3 FINANCIAL ADVISORS LLC’s holdings in Mastercard were worth $265,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC raised its stake in shares of Mastercard by 43,445.1% during the fourth quarter. International Assets Investment Management LLC now owns 2,936,684 shares of the credit services provider’s stock valued at $1,252,525,000 after acquiring an additional 2,929,940 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Mastercard by 3,339.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 815,506 shares of the credit services provider’s stock worth $322,867,000 after purchasing an additional 791,799 shares during the last quarter. Lone Pine Capital LLC lifted its holdings in Mastercard by 48.4% during the 3rd quarter. Lone Pine Capital LLC now owns 1,746,342 shares of the credit services provider’s stock worth $691,394,000 after buying an additional 569,534 shares during the period. Jennison Associates LLC grew its position in shares of Mastercard by 6.9% in the 3rd quarter. Jennison Associates LLC now owns 7,966,348 shares of the credit services provider’s stock valued at $3,153,957,000 after buying an additional 515,481 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Mastercard by 30.4% in the third quarter. Envestnet Asset Management Inc. now owns 1,839,088 shares of the credit services provider’s stock valued at $728,113,000 after buying an additional 428,627 shares during the period. Institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

MA has been the subject of a number of recent analyst reports. Raymond James increased their target price on shares of Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Robert W. Baird lifted their target price on Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. Wells Fargo & Company upped their price objective on shares of Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Royal Bank of Canada lifted their price objective on shares of Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Finally, BMO Capital Markets increased their target price on Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and a consensus price target of $493.55.

Mastercard Price Performance

Shares of MA traded up $2.48 during midday trading on Friday, reaching $443.58. The stock had a trading volume of 3,711,610 shares, compared to its average volume of 2,507,301. The company has a current ratio of 1.09, a quick ratio of 1.17 and a debt-to-equity ratio of 1.86. The company has a market capitalization of $413.81 billion, a price-to-earnings ratio of 35.26, a price-to-earnings-growth ratio of 1.71 and a beta of 1.08. The company’s 50-day moving average is $469.57 and its 200 day moving average is $437.74. Mastercard Incorporated has a 12-month low of $357.85 and a 12-month high of $490.00.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. During the same period last year, the business earned $2.80 earnings per share. The business’s quarterly revenue was up 10.4% on a year-over-year basis. On average, equities analysts predict that Mastercard Incorporated will post 14.32 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be paid a $0.66 dividend. The ex-dividend date is Monday, April 8th. This represents a $2.64 dividend on an annualized basis and a yield of 0.60%. Mastercard’s dividend payout ratio (DPR) is currently 20.99%.

Insider Buying and Selling

In other Mastercard news, major shareholder Foundation Mastercard sold 116,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $445.04, for a total transaction of $51,624,640.00. Following the completion of the transaction, the insider now owns 96,651,308 shares of the company’s stock, valued at approximately $43,013,698,112.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Mastercard news, major shareholder Foundation Mastercard sold 116,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $445.04, for a total value of $51,624,640.00. Following the completion of the sale, the insider now directly owns 96,651,308 shares in the company, valued at $43,013,698,112.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $475.94, for a total value of $7,632,649.78. Following the transaction, the chief marketing officer now owns 12,255 shares in the company, valued at approximately $5,832,644.70. The disclosure for this sale can be found here. Insiders have sold a total of 583,088 shares of company stock valued at $266,873,978 over the last three months. 0.13% of the stock is owned by company insiders.

Mastercard 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.