3,408 Shares in Mastercard Incorporated $MA Purchased by Heartland Bank & Trust Co

Heartland Bank & Trust Co purchased a new position in Mastercard Incorporated (NYSE:MA) during the 2nd quarter, HoldingsChannel reports. The firm purchased 3,408 shares of the credit services provider’s stock, valued at approximately $1,750,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Brighton Jones LLC raised its holdings in shares of Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after purchasing an additional 2,028 shares in the last quarter. Schnieders Capital Management LLC. lifted its stake in Mastercard by 8.5% during the second quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider’s stock valued at $1,432,000 after purchasing an additional 200 shares during the last quarter. Betterment LLC boosted its holdings in Mastercard by 6.5% during the second quarter. Betterment LLC now owns 947 shares of the credit services provider’s stock worth $532,000 after buying an additional 58 shares in the last quarter. Worldquant Millennium Advisors LLC boosted its holdings in Mastercard by 35.8% during the second quarter. Worldquant Millennium Advisors LLC now owns 677,204 shares of the credit services provider’s stock worth $380,548,000 after buying an additional 178,387 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in Mastercard in the second quarter worth approximately $431,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Down 0.2%

Shares of NYSE:MA opened at $598.69 on Wednesday. The firm has a 50 day simple moving average of $542.94 and a 200 day simple moving average of $518.46. Mastercard Incorporated has a 52 week low of $464.52 and a 52 week high of $601.62. The company has a debt-to-equity ratio of 3.96, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $524.46 billion, a PE ratio of 32.93, a price-to-earnings-growth ratio of 1.80 and a beta of 0.72.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, July 30th. The credit services provider reported $5.04 earnings per share for the quarter, topping the consensus estimate of $4.77 by $0.27. Mastercard had a net margin of 46.34% and a return on equity of 239.99%. The firm had revenue of $9.28 billion for the quarter, compared to analysts’ expectations of $9.08 billion. During the same period in the previous year, the company posted $4.15 EPS. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. As a group, research analysts expect that Mastercard Incorporated will post 19.86 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Thursday, July 9th were given a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, July 9th. Mastercard’s dividend payout ratio (DPR) is 19.14%.

Analyst Ratings Changes

A number of brokerages have recently commented on MA. Morgan Stanley increased their price objective on Mastercard from $679.00 to $681.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Wolfe Research lifted their target price on Mastercard from $680.00 to $740.00 and gave the stock an “outperform” rating in a report on Tuesday. Clear Str raised Mastercard to a “strong-buy” rating in a research report on Thursday, July 16th. KeyCorp upped their target price on Mastercard from $670.00 to $680.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Finally, UBS Group increased their price target on Mastercard from $640.00 to $670.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Five analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Mastercard currently has an average rating of “Buy” and a consensus price target of $664.71.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider J. Mehra Sachin sold 7,444 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $577.13, for a total transaction of $4,296,155.72. Following the completion of the sale, the insider directly owned 40,916 shares in the company, valued at approximately $23,613,851.08. This trade represents a 15.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Miebach sold 16,628 shares of Mastercard stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $567.68, for a total value of $9,439,383.04. Following the transaction, the chief executive officer directly owned 115,921 shares in the company, valued at approximately $65,806,033.28. This trade represents a 12.54% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 71,357 shares of company stock valued at $40,637,262 in the last ninety days. Company insiders own 0.09% of the company’s stock.

Mastercard Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.