Country Club Bank Sells 99 Shares of Mastercard Incorporated $MA

Country Club Bank cut its position in shares of Mastercard Incorporated (NYSE:MA) by 1.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 6,556 shares of the credit services provider’s stock after selling 99 shares during the quarter. Country Club Bank’s holdings in Mastercard were worth $3,608,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. ORG Partners LLC raised its position in shares of Mastercard by 73.2% in the 2nd quarter. ORG Partners LLC now owns 698 shares of the credit services provider’s stock worth $394,000 after acquiring an additional 295 shares in the last quarter. Ethos Financial Group LLC increased its holdings in Mastercard by 19.5% in the first quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider’s stock worth $1,683,000 after purchasing an additional 518 shares in the last quarter. Fortis Advisors LLC lifted its stake in Mastercard by 9.4% in the first quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider’s stock valued at $477,000 after buying an additional 75 shares during the period. Canandaigua National Trust Co of Florida boosted its holdings in shares of Mastercard by 36.4% during the 1st quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider’s stock worth $380,000 after buying an additional 185 shares in the last quarter. Finally, SeaBridge Investment Advisors LLC grew its position in shares of Mastercard by 4.3% during the 2nd quarter. SeaBridge Investment Advisors LLC now owns 6,463 shares of the credit services provider’s stock worth $3,632,000 after buying an additional 264 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Activity at Mastercard

In related news, CFO J. Mehra Sachin sold 17,263 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the transaction, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at $18,459,294. This trade represents a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.09% of the stock is currently owned by corporate insiders.

Mastercard Stock Performance

Shares of Mastercard stock opened at $578.91 on Tuesday. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The business has a 50 day moving average price of $580.46 and a 200-day moving average price of $562.33. The company has a market cap of $523.34 billion, a PE ratio of 39.04, a price-to-earnings-growth ratio of 2.38 and a beta of 0.97.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.05 by $0.10. The company had revenue of $8.13 billion for the quarter, compared to analysts’ expectations of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.Mastercard’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.50 earnings per share. Equities analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be paid a $0.76 dividend. The ex-dividend date is Thursday, October 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. Mastercard’s dividend payout ratio is presently 20.50%.

Analysts Set New Price Targets

MA has been the topic of a number of research reports. The Goldman Sachs Group reiterated a “buy” rating on shares of Mastercard in a research report on Friday, August 1st. Morgan Stanley upped their price objective on shares of Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Robert W. Baird increased their price objective on shares of Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a research report on Monday. KeyCorp boosted their target price on Mastercard from $635.00 to $660.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Finally, Royal Bank Of Canada increased their price target on Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Mastercard presently has a consensus rating of “Buy” and a consensus price target of $634.04.

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.