Lcnb Corp reduced its holdings in Mastercard Inc (NYSE:MA) by 3.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,169 shares of the credit services provider’s stock after selling 115 shares during the period. Lcnb Corp’s holdings in Mastercard were worth $838,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Claro Advisors LLC raised its holdings in Mastercard by 4.1% in the second quarter. Claro Advisors LLC now owns 934 shares of the credit services provider’s stock worth $247,000 after purchasing an additional 37 shares during the period. Quadrant Capital Group LLC increased its position in shares of Mastercard by 0.3% during the second quarter. Quadrant Capital Group LLC now owns 15,147 shares of the credit services provider’s stock worth $3,989,000 after acquiring an additional 38 shares in the last quarter. First Personal Financial Services increased its position in shares of Mastercard by 4.8% during the second quarter. First Personal Financial Services now owns 832 shares of the credit services provider’s stock worth $220,000 after acquiring an additional 38 shares in the last quarter. Claraphi Advisory Network LLC increased its position in shares of Mastercard by 1.1% during the second quarter. Claraphi Advisory Network LLC now owns 3,669 shares of the credit services provider’s stock worth $970,000 after acquiring an additional 40 shares in the last quarter. Finally, Elefante Mark B increased its position in shares of Mastercard by 0.9% during the second quarter. Elefante Mark B now owns 4,582 shares of the credit services provider’s stock worth $1,212,000 after acquiring an additional 42 shares in the last quarter. Institutional investors and hedge funds own 74.25% of the company’s stock.

Several brokerages have recently issued reports on MA. Royal Bank of Canada set a $315.00 price objective on shares of Mastercard and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Zacks Investment Research raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $275.00 price objective for the company in a research report on Wednesday, May 15th. Argus increased their price objective on shares of Mastercard to $320.00 and gave the stock an “average” rating in a research report on Wednesday, July 31st. Wells Fargo & Co increased their price objective on shares of Mastercard from $285.00 to $305.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 10th. Finally, Morgan Stanley increased their price objective on shares of Mastercard from $269.00 to $291.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Two investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $291.80.

Mastercard stock traded down $2.00 during mid-day trading on Wednesday, reaching $268.00. The company’s stock had a trading volume of 956,300 shares, compared to its average volume of 3,531,169. The stock has a market cap of $273.08 billion, a P/E ratio of 41.29, a price-to-earnings-growth ratio of 2.18 and a beta of 1.08. Mastercard Inc has a 12 month low of $171.89 and a 12 month high of $283.33. The firm’s 50 day simple moving average is $273.25. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.49 and a quick ratio of 1.49.

Mastercard (NYSE:MA) last released its earnings results on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.07. The business had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. Mastercard had a net margin of 42.71% and a return on equity of 135.02%. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.66 earnings per share. As a group, analysts predict that Mastercard Inc will post 7.61 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Tuesday, July 9th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date was Monday, July 8th. Mastercard’s dividend payout ratio (DPR) is currently 20.34%.

In related news, insider Michael Miebach sold 2,233 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $283.12, for a total value of $632,206.96. Following the completion of the transaction, the insider now owns 15,548 shares of the company’s stock, valued at $4,401,949.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Ann Cairns sold 51,850 shares of the firm’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $259.80, for a total transaction of $13,470,630.00. Following the completion of the transaction, the insider now directly owns 134,120 shares of the company’s stock, valued at approximately $34,844,376. The disclosure for this sale can be found here. In the last ninety days, insiders sold 201,511 shares of company stock valued at $54,471,508. 3.70% of the stock is owned by insiders.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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