Sabal Trust CO Buys 629 Shares of Mastercard Incorporated (NYSE:MA)

Sabal Trust CO raised its stake in shares of Mastercard Incorporated (NYSE:MA) by 4.6% during the 1st quarter, HoldingsChannel reports. The firm owned 14,423 shares of the credit services provider’s stock after purchasing an additional 629 shares during the quarter. Sabal Trust CO’s holdings in Mastercard were worth $7,906,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Western Wealth Management LLC boosted its holdings in shares of Mastercard by 0.9% during the 1st quarter. Western Wealth Management LLC now owns 10,359 shares of the credit services provider’s stock worth $5,678,000 after buying an additional 88 shares during the period. Nvest Financial LLC lifted its position in Mastercard by 3.8% during the 1st quarter. Nvest Financial LLC now owns 1,487 shares of the credit services provider’s stock worth $815,000 after acquiring an additional 55 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in Mastercard by 18.9% during the first quarter. Creative Financial Designs Inc. ADV now owns 641 shares of the credit services provider’s stock valued at $351,000 after acquiring an additional 102 shares during the period. Nova R Wealth Inc. grew its position in shares of Mastercard by 6.6% in the first quarter. Nova R Wealth Inc. now owns 1,643 shares of the credit services provider’s stock valued at $900,000 after purchasing an additional 102 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of Mastercard by 0.8% in the first quarter. Robeco Institutional Asset Management B.V. now owns 755,520 shares of the credit services provider’s stock worth $414,116,000 after purchasing an additional 6,328 shares during the period. Institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the subject of several recent analyst reports. UBS Group increased their target price on Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a research note on Tuesday, June 3rd. Macquarie cut their target price on shares of Mastercard from $645.00 to $610.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. The Goldman Sachs Group reissued a “buy” rating and issued a $633.00 price target on shares of Mastercard in a report on Wednesday, April 2nd. KeyCorp boosted their price objective on shares of Mastercard from $630.00 to $635.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Finally, Evercore ISI began coverage on shares of Mastercard in a research note on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 target price for the company. Seven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $610.00.

Insiders Place Their Bets

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of the business’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $580.00, for a total value of $87,000.00. Following the completion of the transaction, the insider now directly owns 3,255 shares of the company’s stock, valued at approximately $1,887,900. The trade was a 4.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Craig Vosburg sold 9,428 shares of the company’s stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $588.18, for a total transaction of $5,545,361.04. Following the transaction, the insider now owns 58,451 shares in the company, valued at $34,379,709.18. The trade was a 13.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,115 shares of company stock valued at $18,324,718. 0.09% of the stock is currently owned by corporate insiders.

Mastercard Stock Down 1.3%

MA opened at $550.02 on Thursday. The firm has a market cap of $501.46 billion, a price-to-earnings ratio of 38.57, a PEG ratio of 2.43 and a beta of 1.05. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11. The firm’s 50-day simple moving average is $561.86 and its 200-day simple moving average is $545.04. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $594.71.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping the consensus estimate of $3.57 by $0.16. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The firm had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same period in the prior year, the firm earned $3.31 earnings per share. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. Equities research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Wednesday, July 9th. Mastercard’s dividend payout ratio is currently 21.32%.

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.