American National Bank & Trust Co. VA Takes $7.84 Million Position in Mastercard Incorporated (NYSE:MA)

American National Bank & Trust Co. VA bought a new stake in Mastercard Incorporated (NYSE:MA) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,280 shares of the credit services provider’s stock, valued at approximately $7,840,000. Mastercard accounts for 1.9% of American National Bank & Trust Co. VA’s portfolio, making the stock its 13th biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Hoxton Planning & Management LLC raised its position in Mastercard by 1.4% in the 1st quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock valued at $788,000 after buying an additional 22 shares during the last quarter. Carolinas Wealth Consulting LLC raised its position in Mastercard by 5.0% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock valued at $206,000 after buying an additional 23 shares during the last quarter. Benin Management CORP raised its position in Mastercard by 3.0% in the 1st quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock valued at $382,000 after buying an additional 23 shares during the last quarter. Atticus Wealth Management LLC raised its position in Mastercard by 1.3% in the 1st quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock valued at $835,000 after buying an additional 23 shares during the last quarter. Finally, Cypress Wealth Services LLC increased its position in shares of Mastercard by 2.9% during the 4th quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock valued at $369,000 after purchasing an additional 24 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

NYSE:MA traded up $3.53 during mid-day trading on Thursday, reaching $448.18. The stock had a trading volume of 3,192,350 shares, compared to its average volume of 2,526,183. The firm has a 50 day moving average price of $450.47 and a two-hundred day moving average price of $453.59. The stock has a market capitalization of $416.63 billion, a P/E ratio of 35.63, a P/E/G ratio of 1.74 and a beta of 1.09. Mastercard Incorporated has a one year low of $359.77 and a one year high of $490.00. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.80 EPS. As a group, analysts expect that Mastercard Incorporated will post 14.26 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be paid a dividend of $0.66 per share. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.59%. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Insider Activity

In other news, major shareholder Foundation Mastercard sold 109,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $462.78, for a total transaction of $50,443,020.00. Following the transaction, the insider now directly owns 96,996,308 shares of the company’s stock, valued at $44,887,951,416.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Mastercard news, insider Craig Vosburg sold 9,028 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $447.28, for a total value of $4,038,043.84. Following the sale, the insider now directly owns 58,940 shares of the company’s stock, valued at $26,362,683.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Foundation Mastercard sold 109,000 shares of the business’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $462.78, for a total value of $50,443,020.00. Following the completion of the sale, the insider now directly owns 96,996,308 shares in the company, valued at $44,887,951,416.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,163,228 shares of company stock valued at $1,428,540,870. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on MA shares. TD Cowen started coverage on Mastercard in a research report on Thursday, April 11th. They set a “buy” rating and a $545.00 target price for the company. Barclays decreased their target price on Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a research report on Monday, May 6th. Piper Sandler initiated coverage on Mastercard in a report on Monday, May 13th. They issued an “overweight” rating and a $531.00 price objective for the company. Evercore ISI decreased their price objective on Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Finally, Wells Fargo & Company lifted their price objective on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Two equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $496.91.

About Mastercard

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.