Citizens & Northern Corp Trims Position in Mastercard Incorporated (NYSE:MA)

Citizens & Northern Corp reduced its position in Mastercard Incorporated (NYSE:MA) by 4.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,752 shares of the credit services provider’s stock after selling 404 shares during the quarter. Mastercard comprises about 1.5% of Citizens & Northern Corp’s holdings, making the stock its 16th biggest holding. Citizens & Northern Corp’s holdings in Mastercard were worth $4,159,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. BlackDiamond Wealth Management LLC grew its position in Mastercard by 12.8% in the fourth quarter. BlackDiamond Wealth Management LLC now owns 723 shares of the credit services provider’s stock worth $330,000 after acquiring an additional 82 shares in the last quarter. Balboa Wealth Partners grew its position in Mastercard by 1.2% during the fourth quarter. Balboa Wealth Partners now owns 7,104 shares of the credit services provider’s stock valued at $3,030,000 after acquiring an additional 87 shares during the last quarter. Banco de Sabadell S.A lifted its holdings in shares of Mastercard by 1.6% in the 4th quarter. Banco de Sabadell S.A now owns 8,027 shares of the credit services provider’s stock worth $3,423,000 after acquiring an additional 130 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of Mastercard by 41.1% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,794 shares of the credit services provider’s stock valued at $765,000 after purchasing an additional 523 shares in the last quarter. Finally, Enterprise Financial Services Corp raised its position in Mastercard by 4.5% in the 4th quarter. Enterprise Financial Services Corp now owns 6,606 shares of the credit services provider’s stock worth $2,818,000 after purchasing an additional 285 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Foundation Mastercard sold 151,000 shares of Mastercard stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $452.55, for a total transaction of $68,335,050.00. Following the transaction, the insider now directly owns 95,930,308 shares of the company’s stock, valued at approximately $43,413,260,885.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Mastercard news, insider Sandra A. Arkell sold 300 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $447.23, for a total transaction of $134,169.00. Following the completion of the transaction, the insider now owns 4,063 shares of the company’s stock, valued at approximately $1,817,095.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 151,000 shares of Mastercard stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $452.55, for a total value of $68,335,050.00. Following the completion of the sale, the insider now directly owns 95,930,308 shares in the company, valued at $43,413,260,885.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,681,580 shares of company stock worth $765,101,407. 0.10% of the stock is owned by corporate insiders.

Mastercard Stock Down 1.1 %

Shares of NYSE MA traded down $5.15 during midday trading on Thursday, hitting $451.37. The stock had a trading volume of 1,268,447 shares, compared to its average volume of 2,418,849. The business’s 50 day moving average is $465.42 and its 200-day moving average is $444.90. Mastercard Incorporated has a 52 week low of $357.85 and a 52 week high of $490.00. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86. The company has a market cap of $419.60 billion, a P/E ratio of 36.02, a PEG ratio of 1.80 and a beta of 1.08.

Mastercard (NYSE:MA) last issued its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating the consensus estimate of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. During the same period last year, the business posted $2.80 EPS. The company’s revenue was up 10.4% compared to the same quarter last year. As a group, analysts predict that Mastercard Incorporated will post 14.23 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on MA. Royal Bank of Canada lifted their price objective on Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Oppenheimer reiterated an “outperform” rating and issued a $510.00 price objective on shares of Mastercard in a research report on Thursday, February 1st. Susquehanna restated a “positive” rating and issued a $535.00 target price on shares of Mastercard in a report on Wednesday, April 3rd. BMO Capital Markets upped their price target on shares of Mastercard from $480.00 to $490.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Finally, KeyCorp boosted their price objective on shares of Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Two research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus price target of $497.78.

Mastercard Company 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.