Private Trust Co. NA Lowers Stake in Mastercard Incorporated (NYSE:MA)

Private Trust Co. NA lessened its holdings in Mastercard Incorporated (NYSE:MA) by 1.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,106 shares of the credit services provider’s stock after selling 110 shares during the period. Mastercard comprises about 0.6% of Private Trust Co. NA’s portfolio, making the stock its 28th largest holding. Private Trust Co. NA’s holdings in Mastercard were worth $5,484,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Highline Wealth Partners LLC purchased a new stake in shares of Mastercard during the third quarter worth about $25,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Mastercard in the second quarter valued at approximately $34,000. Fairway Wealth LLC acquired a new stake in shares of Mastercard in the second quarter worth approximately $35,000. First Personal Financial Services purchased a new stake in shares of Mastercard during the third quarter worth approximately $39,000. Finally, Lowe Wealth Advisors LLC raised its stake in Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after purchasing an additional 37 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Activity

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This represents a 21.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Mastercard Stock Performance

Shares of Mastercard stock traded up $4.31 during trading on Monday, reaching $525.17. The company’s stock had a trading volume of 322,175 shares, compared to its average volume of 2,449,381. The company has a 50-day moving average price of $506.91 and a two-hundred day moving average price of $473.83. Mastercard Incorporated has a fifty-two week low of $404.32 and a fifty-two week high of $534.03. The firm has a market cap of $482.02 billion, a PE ratio of 39.40, a P/E/G ratio of 2.32 and a beta of 1.10. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. During the same period in the previous year, the business posted $3.39 earnings per share. Mastercard’s quarterly revenue was up 12.8% on a year-over-year basis. On average, analysts forecast that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were paid a $0.66 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.50%. Mastercard’s dividend payout ratio (DPR) is currently 19.97%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on MA shares. UBS Group raised their target price on shares of Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Piper Sandler reissued an “overweight” rating and issued a $575.00 price target (up previously from $565.00) on shares of Mastercard in a research note on Friday, November 15th. Compass Point assumed coverage on Mastercard in a report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price objective on the stock. BNP Paribas downgraded Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price on the stock. in a research report on Tuesday, September 3rd. Finally, William Blair upgraded Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $549.16.

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.