Mechanics Bank Trust Department Sells 119 Shares of Mastercard Incorporated (NYSE:MA)

Mechanics Bank Trust Department lessened its position in Mastercard Incorporated (NYSE:MAFree Report) by 2.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,069 shares of the credit services provider’s stock after selling 119 shares during the quarter. Mechanics Bank Trust Department’s holdings in Mastercard were worth $2,441,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Mastercard by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock valued at $32,096,470,000 after purchasing an additional 742,076 shares during the last quarter. Capital International Investors raised its stake in shares of Mastercard by 3.3% in the fourth quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock valued at $8,974,478,000 after acquiring an additional 676,452 shares during the last quarter. Capital Research Global Investors grew its position in Mastercard by 4.7% during the 4th quarter. Capital Research Global Investors now owns 13,608,023 shares of the credit services provider’s stock worth $5,803,956,000 after acquiring an additional 605,909 shares during the last quarter. Norges Bank bought a new stake in Mastercard during the 4th quarter worth approximately $4,595,559,000. Finally, Ameriprise Financial Inc. increased its holdings in Mastercard by 5.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,510,259 shares of the credit services provider’s stock valued at $2,181,964,000 after purchasing an additional 306,663 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Mastercard

In other news, insider Sandra A. Arkell sold 300 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was 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 directly owns 4,063 shares of the company’s stock, valued at $1,817,095.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Craig Vosburg sold 9,028 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $447.28, for a total value of $4,038,043.84. Following the completion of the transaction, the insider now owns 58,940 shares in the company, valued at approximately $26,362,683.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sandra A. Arkell sold 300 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $447.23, for a total value of $134,169.00. Following the sale, the insider now owns 4,063 shares in the company, valued at approximately $1,817,095.49. The disclosure for this sale can be found here. Insiders have sold 3,025,228 shares of company stock valued at $1,366,000,650 in the last 90 days. 0.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on MA shares. Wells Fargo & Company raised their target price on Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Morgan Stanley reduced their target price on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Robert W. Baird boosted their price objective on shares of Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Barclays decreased their price objective on Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a research report on Monday, May 6th. Finally, Susquehanna restated a “positive” rating and set a $535.00 target price on shares of Mastercard in a research report on Wednesday, April 3rd. Two investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mastercard currently has a consensus rating of “Moderate Buy” and an average price target of $496.91.

View Our Latest Stock Analysis on MA

Mastercard Stock Down 0.6 %

Shares of NYSE MA traded down $2.53 during mid-day trading on Tuesday, reaching $454.43. 969,785 shares of the company’s stock were exchanged, compared to its average volume of 2,427,322. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. The business has a fifty day simple moving average of $452.25 and a 200 day simple moving average of $452.47. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $490.00. The firm has a market capitalization of $422.44 billion, a price-to-earnings ratio of 36.25, a PEG ratio of 1.78 and a beta of 1.09.

Mastercard (NYSE:MAGet Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same quarter in the previous year, the firm posted $2.80 earnings per share. The business’s revenue was up 10.4% on a year-over-year basis. As a group, equities analysts expect that Mastercard Incorporated will post 14.22 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Mastercard Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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