613 Shares in Mastercard Incorporated $MA Bought by Members Trust Co

Members Trust Co acquired a new position in Mastercard Incorporated (NYSE:MA) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 613 shares of the credit services provider’s stock, valued at approximately $344,000.

Other large investors also recently modified their holdings of the company. LGT Financial Advisors LLC bought a new stake in shares of Mastercard in the second quarter worth $25,000. Family Legacy Financial Solutions LLC bought a new stake in Mastercard during the second quarter valued at about $26,000. Flaharty Asset Management LLC bought a new stake in Mastercard during the first quarter valued at about $27,000. Keystone Global Partners LLC bought a new stake in Mastercard during the first quarter valued at about $31,000. Finally, IMG Wealth Management Inc. bought a new stake in Mastercard during the second quarter valued at about $31,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

NYSE MA opened at $572.14 on Wednesday. The firm has a market cap of $517.22 billion, a price-to-earnings ratio of 38.58, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97. 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 50-day moving average price of $580.03 and a 200-day moving average price of $564.09. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77.

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

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be 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 is Thursday, October 9th. Mastercard’s payout ratio is currently 20.50%.

Analysts Set New Price Targets

MA has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on Mastercard in a report on Thursday, July 17th. They set a “buy” rating and a $650.00 price target for the company. The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a report on Friday, August 1st. KeyCorp boosted their price target on Mastercard from $635.00 to $660.00 and gave the company an “overweight” rating in a report on Friday, August 1st. TD Cowen reissued a “buy” rating and set a $645.00 price target on shares of Mastercard in a report on Monday, August 11th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mastercard in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $634.74.

Insider Activity at Mastercard

In related news, CFO J. Mehra Sachin sold 17,263 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total value of $10,202,433.00. Following the sale, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,459,294. The trade was a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

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.