Mastercard Incorporated $MA Shares Sold by Greenfield Savings Bank

Greenfield Savings Bank cut its holdings in Mastercard Incorporated (NYSE:MA) by 0.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,911 shares of the credit services provider’s stock after selling 19 shares during the quarter. Mastercard comprises approximately 2.0% of Greenfield Savings Bank’s portfolio, making the stock its 11th largest holding. Greenfield Savings Bank’s holdings in Mastercard were worth $4,446,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of MA. Flaharty Asset Management LLC acquired a new position in Mastercard in the first quarter valued at $27,000. Keystone Global Partners LLC purchased a new stake in shares of Mastercard in the first quarter valued at about $31,000. 10Elms LLP purchased a new stake in shares of Mastercard in the fourth quarter valued at about $33,000. Hughes Financial Services LLC purchased a new stake in shares of Mastercard in the first quarter valued at about $34,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Mastercard in the fourth quarter valued at about $36,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Craig Vosburg sold 9,428 shares of the company’s stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the completion of the transaction, the insider owned 58,451 shares of the company’s stock, valued at approximately $20,636,125.55. This represents a 13.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Raj Seshadri sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $546.77, for a total transaction of $601,447.00. Following the transaction, the insider directly owned 12,921 shares of the company’s stock, valued at $7,064,815.17. This trade represents a 7.85% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,094 shares of company stock valued at $26,521,861. 0.09% of the stock is currently owned by insiders.

Mastercard Stock Down 1.4%

Shares of NYSE MA opened at $580.75 on Friday. The firm’s 50-day moving average is $574.60 and its two-hundred day moving average is $558.33. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market capitalization of $525.00 billion, a PE ratio of 39.16, a price-to-earnings-growth ratio of 2.41 and a beta of 0.99. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating analysts’ consensus estimates of $4.05 by $0.10. The business had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.50 earnings per share. Equities analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th were given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, July 9th. Mastercard’s payout ratio is currently 20.50%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MA. Jefferies Financial Group reaffirmed a “buy” rating on shares of Mastercard in a report on Friday, June 6th. Seaport Res Ptn upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. KeyCorp boosted their price target on Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a research note on Friday, August 1st. Finally, TD Cowen reissued a “buy” rating and set a $645.00 price target on shares of Mastercard in a research note on Monday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $626.54.

About Mastercard

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.