Mastercard Incorporated (NYSE:MA) Shares Sold by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. decreased its stake in Mastercard Incorporated (NYSE:MA) by 4.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 92,789 shares of the credit services provider’s stock after selling 4,461 shares during the period. Mastercard accounts for 1.4% of Sanibel Captiva Trust Company Inc.’s investment portfolio, making the stock its 16th largest holding. Sanibel Captiva Trust Company Inc.’s holdings in Mastercard were worth $40,935,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of MA. Westend Capital Management LLC acquired a new stake in Mastercard during the 1st quarter worth $27,000. Palisade Asset Management LLC acquired a new stake in Mastercard during the 1st quarter worth $27,000. VitalStone Financial LLC boosted its stake in Mastercard by 300.0% during the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 45 shares during the period. Altshuler Shaham Ltd acquired a new stake in Mastercard during the 4th quarter worth $26,000. Finally, Scarborough Advisors LLC acquired a new stake in Mastercard during the 4th quarter worth $28,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insiders Place Their Bets

In related news, insider Raj Seshadri sold 5,216 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $446.71, for a total value of $2,330,039.36. Following the sale, the insider now directly owns 15,183 shares of the company’s stock, valued at $6,782,397.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Craig Vosburg sold 9,028 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $447.28, for a total value of $4,038,043.84. Following the transaction, the insider now owns 58,940 shares in the company, valued at $26,362,683.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Raj Seshadri sold 5,216 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $446.71, for a total transaction of $2,330,039.36. Following the completion of the transaction, the insider now owns 15,183 shares in the company, valued at approximately $6,782,397.93. The disclosure for this sale can be found here. Insiders have sold 1,638,175 shares of company stock valued at $736,767,496 in the last ninety days. Insiders own 0.10% of the company’s stock.

Mastercard Trading Up 0.5 %

Shares of Mastercard stock traded up $2.14 during mid-day trading on Tuesday, hitting $469.12. 1,761,735 shares of the stock were exchanged, compared to its average volume of 2,480,507. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $490.00. The stock has a market capitalization of $436.10 billion, a price-to-earnings ratio of 37.19, a price-to-earnings-growth ratio of 1.82 and a beta of 1.09. The company has a 50-day simple moving average of $448.92 and a 200 day simple moving average of $458.27. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 1.95.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were paid a dividend of $0.66 per share. The ex-dividend date was Tuesday, July 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.56%. Mastercard’s dividend payout ratio is currently 20.99%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on MA shares. Bank of America downgraded shares of Mastercard from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $505.00 to $480.00 in a research report on Wednesday, July 10th. Royal Bank of Canada upped their price objective on shares of Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. TD Cowen upped their price objective on shares of Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Argus upgraded shares of Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. Finally, Citigroup upped their price objective on shares of Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mastercard currently has a consensus rating of “Buy” and an average target price of $512.09.

Mastercard 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.