Blue Fin Capital Inc. Boosts Holdings in Mastercard Incorporated (NYSE:MA)

Blue Fin Capital Inc. grew its position in shares of Mastercard Incorporated (NYSE:MAGet Rating) by 0.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 25,748 shares of the credit services provider’s stock after buying an additional 107 shares during the quarter. Mastercard makes up approximately 2.8% of Blue Fin Capital Inc.’s portfolio, making the stock its 7th largest position. Blue Fin Capital Inc.’s holdings in Mastercard were worth $7,321,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MA. Bishop Rock Capital L.P. increased its position in shares of Mastercard by 32,213.1% in the second quarter. Bishop Rock Capital L.P. now owns 4,889,940 shares of the credit services provider’s stock worth $15,500,000 after purchasing an additional 4,874,807 shares during the period. Price T Rowe Associates Inc. MD grew its position in Mastercard by 13.0% in the second quarter. Price T Rowe Associates Inc. MD now owns 26,909,008 shares of the credit services provider’s stock valued at $8,489,253,000 after acquiring an additional 3,102,135 shares during the last quarter. Egerton Capital UK LLP grew its position in Mastercard by 181.5% in the second quarter. Egerton Capital UK LLP now owns 2,404,051 shares of the credit services provider’s stock valued at $758,430,000 after acquiring an additional 1,550,025 shares during the last quarter. Jennison Associates LLC grew its position in Mastercard by 18.2% in the second quarter. Jennison Associates LLC now owns 7,752,362 shares of the credit services provider’s stock valued at $2,445,715,000 after acquiring an additional 1,193,676 shares during the last quarter. Finally, Bridgewater Associates LP grew its position in Mastercard by 1,241.7% in the second quarter. Bridgewater Associates LP now owns 485,269 shares of the credit services provider’s stock valued at $153,093,000 after acquiring an additional 449,101 shares during the last quarter. Institutional investors own 74.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on MA shares. Truist Financial lifted their target price on Mastercard from $400.00 to $450.00 and gave the company a “buy” rating in a research report on Friday. Atlantic Securities decreased their target price on Mastercard from $400.00 to $345.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 12th. Royal Bank of Canada decreased their target price on Mastercard from $400.00 to $392.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Wells Fargo & Company lifted their target price on Mastercard from $365.00 to $405.00 and gave the company an “overweight” rating in a research report on Thursday, December 15th. Finally, Redburn Partners initiated coverage on Mastercard in a research note on Tuesday, November 29th. They set a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $405.23.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Linda Pistecchia Kirkpatrick sold 7,064 shares of the business’s stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $320.00, for a total value of $2,260,480.00. Following the transaction, the insider now directly owns 11,207 shares of the company’s stock, valued at $3,586,240. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, major shareholder Foundation Mastercard sold 177,211 shares of the business’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $319.89, for a total transaction of $56,688,026.79. Following the completion of the sale, the insider now owns 102,566,047 shares in the company, valued at $32,809,852,774.83. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Linda Pistecchia Kirkpatrick sold 7,064 shares of the business’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $320.00, for a total value of $2,260,480.00. Following the sale, the insider now owns 11,207 shares of the company’s stock, valued at approximately $3,586,240. The disclosure for this sale can be found here. Over the last three months, insiders have sold 367,819 shares of company stock valued at $117,733,271. 0.29% of the stock is currently owned by company insiders.

Mastercard Price Performance

Mastercard stock opened at $376.28 on Monday. The stock’s 50 day moving average is $353.48 and its 200 day moving average is $334.63. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market cap of $361.78 billion, a P/E ratio of 37.59, a P/E/G ratio of 1.68 and a beta of 1.10. Mastercard Incorporated has a one year low of $276.87 and a one year high of $399.92.

Mastercard (NYSE:MAGet Rating) last posted its quarterly earnings data on Thursday, October 27th. The credit services provider reported $2.68 EPS for the quarter, topping analysts’ consensus estimates of $2.57 by $0.11. Mastercard had a return on equity of 148.94% and a net margin of 45.22%. The company had revenue of $5.76 billion for the quarter, compared to analyst estimates of $5.66 billion. As a group, research analysts expect that Mastercard Incorporated will post 10.56 EPS for the current year.

Mastercard Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 9th. Shareholders of record on Monday, January 9th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, January 6th. This is a positive change from Mastercard’s previous quarterly dividend of $0.49. This represents a $2.28 annualized dividend and a yield of 0.61%. Mastercard’s payout ratio is 22.78%.

About Mastercard

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Mastercard, Inc operates as a technology company. The firm engages in the payments industry that connects consumers, financial institutions, merchants, governments and business. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial and payment programs.

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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:MAGet Rating).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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