Mechanics Bank Trust Department Buys 47 Shares of Mastercard Incorporated (NYSE:MA)

Mechanics Bank Trust Department grew its position in Mastercard Incorporated (NYSE:MA) by 0.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,234 shares of the credit services provider’s stock after purchasing an additional 47 shares during the quarter. Mechanics Bank Trust Department’s holdings in Mastercard were worth $2,585,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Westend Capital Management LLC bought a new position in Mastercard during the first quarter worth $27,000. Palisade Asset Management LLC acquired a new stake in Mastercard during the first quarter worth $27,000. Scarborough Advisors LLC acquired a new stake in Mastercard during the fourth quarter worth $28,000. Beaird Harris Wealth Management LLC acquired a new stake in Mastercard during the fourth quarter worth $30,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in Mastercard during the second quarter worth $34,000. Institutional investors own 97.28% of the company’s stock.

Insider Activity

In other news, major shareholder Foundation Mastercard sold 119,000 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $468.46, for a total value of $55,746,740.00. Following the completion of the sale, the insider now directly owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now directly owns 15,031 shares in the company, valued at approximately $7,363,085.66. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 119,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $468.46, for a total value of $55,746,740.00. Following the completion of the transaction, the insider now owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 340,809 shares of company stock valued at $159,610,703 in the last ninety days. 0.10% of the stock is owned by insiders.

Mastercard Stock Performance

Shares of NYSE:MA opened at $502.26 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. The stock has a market capitalization of $464.01 billion, a P/E ratio of 38.40, a P/E/G ratio of 2.22 and a beta of 1.10. The business has a 50-day moving average price of $480.78 and a two-hundred day moving average price of $462.99. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $502.92.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $3.51 by $0.08. The company had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. Equities analysts predict that Mastercard Incorporated will post 14.3 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be paid a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.53%. Mastercard’s dividend payout ratio (DPR) is presently 20.18%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Citigroup boosted their target price on shares of Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. William Blair upgraded shares of Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Oppenheimer assumed coverage on shares of Mastercard in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 target price on the stock. KeyCorp boosted their target price on shares of Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Finally, Susquehanna boosted their target price on shares of Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research note on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and an average price target of $518.96.

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.