Acropolis Investment Management LLC Sells 1,096 Shares of Mastercard Incorporated $MA

Acropolis Investment Management LLC reduced its position in Mastercard Incorporated (NYSE:MA) by 36.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,900 shares of the credit services provider’s stock after selling 1,096 shares during the quarter. Acropolis Investment Management LLC’s holdings in Mastercard were worth $1,068,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. ST Germain D J Co. Inc. lifted its holdings in shares of Mastercard by 10.4% during the 3rd quarter. ST Germain D J Co. Inc. now owns 2,279 shares of the credit services provider’s stock worth $1,296,000 after acquiring an additional 214 shares during the period. Grant Private Wealth Management Inc acquired a new position in Mastercard in the third quarter worth about $492,000. Doliver Advisors LP lifted its stake in Mastercard by 1.2% during the third quarter. Doliver Advisors LP now owns 2,508 shares of the credit services provider’s stock worth $1,427,000 after purchasing an additional 29 shares during the period. Carolina Wealth Advisors LLC lifted its stake in Mastercard by 15.0% during the third quarter. Carolina Wealth Advisors LLC now owns 2,528 shares of the credit services provider’s stock worth $1,438,000 after purchasing an additional 330 shares during the period. Finally, Quintet Private Bank Europe S.A. grew its stake in shares of Mastercard by 28.7% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 38,688 shares of the credit services provider’s stock valued at $22,006,000 after purchasing an additional 8,639 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

Mastercard stock opened at $564.92 on Thursday. The stock has a 50-day simple moving average of $553.47 and a 200 day simple moving average of $566.14. The stock has a market capitalization of $507.30 billion, a price-to-earnings ratio of 36.12, a P/E/G ratio of 2.22 and a beta of 0.87. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.40. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, beating the consensus estimate of $4.31 by $0.07. Mastercard had a net margin of 45.28% and a return on equity of 202.03%. The firm had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $8.53 billion. During the same quarter last year, the company posted $3.89 EPS. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. On average, research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Friday, January 9th will be issued a $0.87 dividend. This is an increase from Mastercard’s previous quarterly dividend of $0.76. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, January 9th. Mastercard’s dividend payout ratio (DPR) is 19.44%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Macquarie raised their target price on Mastercard from $655.00 to $660.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Mastercard in a research note on Wednesday, October 8th. KeyCorp restated an “overweight” rating and issued a $665.00 target price on shares of Mastercard in a research note on Wednesday, October 22nd. Wells Fargo & Company lowered their target price on shares of Mastercard from $669.00 to $660.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Finally, Wall Street Zen downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a report on Sunday. Five analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $654.81.

Mastercard Company 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.