Northwest Bank & Trust Co Makes New $2.14 Million Investment in Mastercard Incorporated (NYSE:MA)

Northwest Bank & Trust Co acquired a new stake in Mastercard Incorporated (NYSE:MA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,028 shares of the credit services provider’s stock, valued at approximately $2,144,000. Mastercard accounts for about 1.9% of Northwest Bank & Trust Co’s investment portfolio, making the stock its 9th biggest holding.

Other institutional investors have also recently made changes to their positions in the company. VitalStone Financial LLC grew its position in shares of Mastercard by 300.0% during the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after buying an additional 45 shares in the last quarter. Altshuler Shaham Ltd purchased a new stake in shares of Mastercard in the 4th quarter valued at approximately $26,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of Mastercard in the 4th quarter valued at $27,000. Scarborough Advisors LLC purchased a new stake in shares of Mastercard during the 4th quarter worth $28,000. Finally, Beaird Harris Wealth Management LLC acquired a new position in shares of Mastercard during the fourth quarter worth $30,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insiders Place Their Bets

In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the sale, the insider now directly owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of Mastercard stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the transaction, the insider now owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Craig Vosburg sold 9,028 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $447.28, for a total transaction of $4,038,043.84. Following the sale, the insider now directly owns 58,940 shares of the company’s stock, valued at $26,362,683.20. The disclosure for this sale can be found here. Insiders have sold a total of 2,551,400 shares of company stock valued at $1,152,586,960 in the last quarter. 0.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on MA shares. Robert W. Baird upped their price target on Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Wells Fargo & Company boosted their price target on shares of Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Susquehanna reaffirmed a “positive” rating and set a $535.00 price objective on shares of Mastercard in a report on Wednesday, April 3rd. JPMorgan Chase & Co. cut their target price on Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Finally, Evercore ISI upped their target price on Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Two equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $497.78.

Mastercard Price Performance

Shares of MA traded down $0.37 during mid-day trading on Friday, reaching $444.63. 2,161,546 shares of the company’s stock were exchanged, compared to its average volume of 2,074,082. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week high of $490.00. The company has a market cap of $413.33 billion, a price-to-earnings ratio of 35.34, a PEG ratio of 1.74 and a beta of 1.09. The company has a 50-day simple moving average of $454.26 and a two-hundred day simple moving average of $450.46.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $6.34 billion. During the same quarter last year, the company earned $2.80 earnings per share. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, sell-side analysts predict that Mastercard Incorporated will post 14.22 EPS for the current fiscal year.

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.