Stock Yards Bank & Trust Co. Has $7.70 Million Holdings in Mastercard Incorporated $MA

Stock Yards Bank & Trust Co. lifted its stake in Mastercard Incorporated (NYSE:MA) by 9.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,701 shares of the credit services provider’s stock after buying an additional 1,139 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Mastercard were worth $7,699,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Family Legacy Financial Solutions LLC bought a new position in Mastercard in the 2nd quarter valued at $26,000. Flaharty Asset Management LLC bought a new position in Mastercard in the 1st quarter valued at $27,000. Keystone Global Partners LLC bought a new position in Mastercard in the 1st quarter valued at $31,000. Hughes Financial Services LLC bought a new position in Mastercard in the 1st quarter valued at $34,000. Finally, 1 North Wealth Services LLC bought a new position in Mastercard in the 1st quarter valued at $44,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Trading Up 0.6%

MA stock opened at $581.08 on Friday. The company has a market cap of $525.30 billion, a P/E ratio of 39.18, a PEG ratio of 2.37 and a beta of 0.97. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The business has a fifty day moving average of $580.26 and a 200-day moving average of $561.67.

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

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be paid a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. Mastercard’s payout ratio is 20.50%.

Insiders Place Their Bets

In related news, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the completion of the sale, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at $18,459,294. The trade was a 35.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Julius Genachowski sold 312 shares of Mastercard stock in a transaction on Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the sale, the director directly owned 8,469 shares of the company’s stock, valued at approximately $4,833,004.23. This trade represents a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,391 shares of company stock valued at $20,836,514. 0.09% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MA shares. KeyCorp lifted their price objective on Mastercard from $635.00 to $660.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. TD Cowen reiterated a “buy” rating and issued a $645.00 price objective on shares of Mastercard in a research report on Monday, August 11th. Wolfe Research set a $655.00 price objective on Mastercard in a research report on Monday, June 23rd. Jefferies Financial Group reiterated a “buy” rating on shares of Mastercard in a research report on Friday, June 6th. Finally, Truist Financial lowered their target price on Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a research note on Thursday, July 17th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Mastercard presently has an average rating of “Buy” and a consensus target price of $630.89.

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.