Mastercard Incorporated (NYSE:MA) Shares Sold by First Interstate Bank

First Interstate Bank reduced its position in shares of Mastercard Incorporated (NYSE:MA) by 5.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,580 shares of the credit services provider’s stock after selling 83 shares during the quarter. First Interstate Bank’s holdings in Mastercard were worth $780,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Coppell Advisory Solutions Corp. acquired a new position in Mastercard during the 1st quarter valued at approximately $608,000. SteelPeak Wealth LLC boosted its holdings in shares of Mastercard by 48.6% during the second quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock valued at $2,174,000 after acquiring an additional 1,612 shares during the period. Sarasin & Partners LLP grew its position in shares of Mastercard by 4.7% during the third quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider’s stock worth $410,813,000 after acquiring an additional 37,486 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Mastercard in the 1st quarter worth about $2,938,000. Finally, OMC Financial Services LTD bought a new stake in Mastercard in the 1st quarter valued at about $17,854,000. 97.28% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the transaction, the chief marketing officer now owns 17,118 shares in the company, valued at approximately $8,440,885.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Foundation Mastercard sold 90,000 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the transaction, the insider now owns 91,649,308 shares in the company, valued at $42,965,195,590.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the completion of the sale, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 340,809 shares of company stock worth $159,610,703. 0.10% of the stock is currently owned by company insiders.

Mastercard Trading Up 1.7 %

Shares of MA traded up $8.49 during midday trading on Friday, hitting $508.08. The stock had a trading volume of 3,753,713 shares, compared to its average volume of 2,450,197. Mastercard Incorporated has a fifty-two week low of $378.48 and a fifty-two week high of $527.90. The business has a 50-day simple moving average of $495.77 and a two-hundred day simple moving average of $466.84. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. The firm has a market cap of $469.38 billion, a P/E ratio of 38.86, a price-to-earnings-growth ratio of 2.27 and a beta of 1.10.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.73 by $0.16. The firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the company posted $3.39 EPS. As a group, equities analysts forecast that Mastercard Incorporated will post 14.33 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio is currently 20.18%.

Analyst Ratings Changes

Several brokerages have commented on MA. JPMorgan Chase & Co. dropped their price target on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a research note on Friday. William Blair upgraded Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Argus raised Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Compass Point started coverage on Mastercard in a report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price target on the stock. Finally, Bank of America upped their price objective on shares of Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Four equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and an average target price of $537.92.

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.