Mastercard Incorporated (NYSE:MA) Holdings Raised by Greenleaf Trust

Greenleaf Trust increased its stake in Mastercard Incorporated (NYSE:MA) by 0.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 27,632 shares of the credit services provider’s stock after buying an additional 164 shares during the quarter. Greenleaf Trust’s holdings in Mastercard were worth $13,645,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Mastercard by 0.4% during the first quarter. Vanguard Group Inc. now owns 75,584,606 shares of the credit services provider’s stock valued at $36,399,279,000 after acquiring an additional 330,872 shares during the period. Capital Research Global Investors boosted its stake in Mastercard by 0.3% during the 1st quarter. Capital Research Global Investors now owns 13,651,904 shares of the credit services provider’s stock valued at $6,574,347,000 after purchasing an additional 43,881 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Mastercard by 1.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,082,729 shares of the credit services provider’s stock valued at $2,241,297,000 after purchasing an additional 71,569 shares during the period. Canada Pension Plan Investment Board raised its stake in shares of Mastercard by 2.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,327,168 shares of the credit services provider’s stock worth $1,908,973,000 after buying an additional 113,238 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Mastercard by 0.9% in the second quarter. American Century Companies Inc. now owns 4,250,760 shares of the credit services provider’s stock valued at $1,875,266,000 after buying an additional 38,380 shares during the period. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Up 0.1 %

Shares of MA traded up $0.31 during mid-day trading on Wednesday, hitting $513.33. 102,036 shares of the company’s stock were exchanged, compared to its average volume of 2,427,389. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $518.82. The firm has a fifty day moving average of $489.16 and a two-hundred day moving average of $464.58. The stock has a market cap of $477.20 billion, a price-to-earnings ratio of 40.78, a P/E/G ratio of 2.22 and a beta of 1.10.

Mastercard (NYSE:MA) last posted its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, topping the consensus estimate of $3.51 by $0.08. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The firm had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.85 billion. On average, sell-side analysts forecast that Mastercard Incorporated will post 14.3 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be issued a $0.66 dividend. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.51%. Mastercard’s dividend payout ratio (DPR) is currently 20.99%.

Insider Buying and Selling at Mastercard

In related news, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the sale, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the sale, the chief financial officer now owns 27,304 shares in the company, valued at $12,423,320. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Foundation Mastercard sold 109,000 shares of Mastercard stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $467.45, for a total value of $50,952,050.00. Following the completion of the transaction, the insider now directly owns 91,924,308 shares in the company, valued at approximately $42,970,017,774.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 340,809 shares of company stock worth $159,610,703 over the last 90 days. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MA shares. Compass Point assumed coverage on shares of Mastercard in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price objective on the stock. Citigroup increased their price objective on Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. William Blair upgraded Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. upped their target price on Mastercard from $570.00 to $593.00 and gave the company an “overweight” rating in a report on Monday. Finally, Robert W. Baird lifted their price target on Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Four analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and a consensus price target of $525.68.

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.