Bank of Montreal Can increased its stake in shares of Mastercard Inc (NYSE:MA) by 8.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,426,290 shares of the credit services provider’s stock after purchasing an additional 265,387 shares during the quarter. Bank of Montreal Can owned 0.33% of Mastercard worth $762,726,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MA. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in Mastercard in the 2nd quarter valued at $109,000. Fort L.P. bought a new position in Mastercard in the 2nd quarter valued at $120,000. Carroll Financial Associates Inc. grew its position in Mastercard by 87.2% in the 2nd quarter. Carroll Financial Associates Inc. now owns 644 shares of the credit services provider’s stock valued at $126,000 after acquiring an additional 300 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in Mastercard in the 2nd quarter valued at $131,000. Finally, Financial Gravity Wealth Inc. bought a new position in Mastercard in the 1st quarter valued at $133,000. 74.36% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE MA opened at $204.22 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a market cap of $231.17 billion, a P/E ratio of 44.59, a P/E/G ratio of 1.83 and a beta of 1.16. Mastercard Inc has a 1-year low of $140.61 and a 1-year high of $225.35.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, July 26th. The credit services provider reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.13. The firm had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.65 billion. Mastercard had a return on equity of 103.82% and a net margin of 33.81%. The firm’s quarterly revenue was up 20.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.10 EPS. As a group, equities analysts forecast that Mastercard Inc will post 6.41 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 9th. Investors of record on Tuesday, October 9th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend is Friday, October 5th. Mastercard’s dividend payout ratio (DPR) is currently 21.83%.

In other Mastercard news, CFO Martina Hundmejean sold 69,817 shares of the stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $200.35, for a total value of $13,987,835.95. Following the completion of the sale, the chief financial officer now directly owns 128,905 shares in the company, valued at $25,826,116.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.32% of the company’s stock.

Several equities analysts have commented on the company. Loop Capital upped their price objective on Mastercard to $232.00 and gave the company a “buy” rating in a research report on Friday, July 27th. They noted that the move was a valuation call. Sandler O’Neill reissued a “hold” rating and set a $209.00 price target on shares of Mastercard in a research report on Friday, July 27th. Royal Bank of Canada increased their price target on Mastercard from $223.00 to $232.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 11th. They noted that the move was a valuation call. Buckingham Research increased their price target on Mastercard from $222.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. Finally, Raymond James assumed coverage on Mastercard in a research report on Tuesday, July 24th. They set an “outperform” rating and a $244.00 price target on the stock. Three analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and two have issued a strong buy rating to the company. Mastercard presently has a consensus rating of “Buy” and an average target price of $216.94.

Mastercard Company 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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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