Mastercard Incorporated $MA Shares Purchased by Moody National Bank Trust Division

Moody National Bank Trust Division lifted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 16.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,916 shares of the credit services provider’s stock after acquiring an additional 1,141 shares during the period. Moody National Bank Trust Division’s holdings in Mastercard were worth $4,365,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Byrne Asset Management LLC boosted its holdings in Mastercard by 10.7% during the 3rd quarter. Byrne Asset Management LLC now owns 1,727 shares of the credit services provider’s stock worth $950,000 after acquiring an additional 167 shares during the last quarter. CapWealth Advisors LLC grew its stake in shares of Mastercard by 7.1% in the 3rd quarter. CapWealth Advisors LLC now owns 35,599 shares of the credit services provider’s stock worth $19,632,000 after acquiring an additional 2,348 shares in the last quarter. Eastern Bank raised its holdings in shares of Mastercard by 1.2% in the third quarter. Eastern Bank now owns 11,241 shares of the credit services provider’s stock valued at $6,199,000 after purchasing an additional 136 shares during the last quarter. Heartwood Wealth Advisors LLC raised its holdings in shares of Mastercard by 30.5% in the third quarter. Heartwood Wealth Advisors LLC now owns 608 shares of the credit services provider’s stock valued at $335,000 after purchasing an additional 142 shares during the last quarter. Finally, Rockland Trust Co. lifted its position in shares of Mastercard by 6.2% during the third quarter. Rockland Trust Co. now owns 81,392 shares of the credit services provider’s stock valued at $44,885,000 after purchasing an additional 4,751 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Activity at Mastercard

In other Mastercard news, CEO Michael Miebach sold 16,628 shares of the stock in a transaction on Friday, July 31st. The stock was sold at an average price of $567.68, for a total transaction of $9,439,383.04. Following the completion of the transaction, the chief executive officer directly owned 115,921 shares of the company’s stock, valued at approximately $65,806,033.28. This represents a 12.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sachin Mehra sold 7,444 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $577.13, for a total value of $4,296,155.72. Following the completion of the sale, the insider directly owned 40,916 shares of the company’s stock, valued at $23,613,851.08. This represents a 15.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 67,618 shares of company stock worth $38,854,630. Insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on MA. Evercore upped their price objective on shares of Mastercard from $550.00 to $620.00 in a research report on Friday, July 31st. President Capital lifted their target price on shares of Mastercard from $693.00 to $729.00 and gave the stock a “buy” rating in a research report on Monday, August 17th. BMO Capital Markets boosted their target price on Mastercard from $580.00 to $630.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Cantor Fitzgerald boosted their target price on Mastercard from $650.00 to $695.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Finally, BNP Paribas Exane upped their target price on Mastercard from $680.00 to $713.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $680.00.

Mastercard Stock Performance

NYSE MA traded up $2.10 during trading hours on Tuesday, reaching $566.69. 2,286,507 shares of the company were exchanged, compared to its average volume of 3,530,956. The stock has a market capitalization of $496.43 billion, a P/E ratio of 31.17, a P/E/G ratio of 1.58 and a beta of 0.76. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 3.96. Mastercard Incorporated has a 1 year low of $464.52 and a 1 year high of $601.23. The business’s 50 day simple moving average is $571.83 and its 200-day simple moving average is $529.09.

Mastercard (NYSE:MA) last released its earnings results on Thursday, July 30th. The credit services provider reported $5.04 earnings per share for the quarter, beating analysts’ consensus estimates 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 earned $4.15 earnings per share. The company’s quarterly revenue was up 14.1% on a year-over-year basis. On average, equities research analysts expect that Mastercard Incorporated will post 19.9 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Friday, October 9th will be paid a $0.87 dividend. The ex-dividend date is Friday, October 9th. This represents a $3.48 annualized dividend and a yield of 0.6%. Mastercard’s dividend payout ratio is presently 19.14%.

Mastercard Company Profile

Mastercard Incorporated (NYSE: MA) is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses. The company facilitates the authorization, clearing and settlement of electronic payment transactions, while generally not issuing cards or extending credit itself. Its network supports payments made in stores, online and through mobile devices.

Mastercard’s products and services include consumer and commercial payment cards, digital payment solutions, payment processing, fraud prevention, cybersecurity, identity verification, data and analytics, and open banking tools.