Mastercard Incorporated (NYSE:MA) Shares Sold by 1ST Source Bank

1ST Source Bank reduced its position in Mastercard Incorporated (NYSE:MA) by 1.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,297 shares of the credit services provider’s stock after selling 196 shares during the period. 1ST Source Bank’s holdings in Mastercard were worth $4,984,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. VitalStone Financial LLC raised its position in 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 acquiring an additional 45 shares during the period. Westend Capital Management LLC acquired a new position in Mastercard during the first quarter worth $27,000. Palisade Asset Management LLC acquired a new position in Mastercard during the first quarter worth $27,000. Scarborough Advisors LLC acquired a new position in Mastercard during the fourth quarter worth $28,000. Finally, Beaird Harris Wealth Management LLC acquired a new position in Mastercard during the fourth quarter worth $30,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on MA shares. Bank of America cut shares of Mastercard from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $505.00 to $480.00 in a research report on Wednesday, July 10th. Evercore ISI dropped their target price on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Piper Sandler upped their target price on shares of Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Argus raised shares of Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. Finally, William Blair raised shares of Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Five research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $510.88.

Insider Transactions at Mastercard

In other news, insider Craig Vosburg sold 9,028 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $451.06, for a total transaction of $4,072,169.68. Following the sale, the insider now owns 58,940 shares of the company’s stock, valued at $26,585,476.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Craig Vosburg sold 9,028 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $451.06, for a total transaction of $4,072,169.68. Following the sale, the insider now owns 58,940 shares of the company’s stock, valued at $26,585,476.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 111,000 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $451.07, for a total transaction of $50,068,770.00. Following the sale, the insider now directly owns 92,672,308 shares in the company, valued at approximately $41,801,697,969.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 827,467 shares of company stock valued at $379,595,815. 0.10% of the stock is currently owned by corporate insiders.

Mastercard Trading Up 0.3 %

Shares of MA stock opened at $493.36 on Friday. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market cap of $458.63 billion, a PE ratio of 39.22, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. The company has a 50-day moving average of $460.67 and a two-hundred day moving average of $460.41. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $496.85.

Mastercard Dividend Announcement

The business also recently announced 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. This represents a $2.64 annualized dividend and a yield of 0.54%. The ex-dividend date was Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

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.