Trust Co. of Vermont bought a new stake in Mastercard Incorporated (NYSE:MA – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 56,288 shares of the credit services provider’s stock, valued at approximately $28,910,000. Mastercard makes up approximately 1.1% of Trust Co. of Vermont’s investment portfolio, making the stock its 21st largest holding.
Several other large investors have also made changes to their positions in the company. J. Stern & Co. LLP raised its stake in shares of Mastercard by 53,535.0% in the fourth quarter. J. Stern & Co. LLP now owns 72,597,097 shares of the credit services provider’s stock valued at $41,444,231,000 after acquiring an additional 72,461,743 shares during the last quarter. State Street Corp boosted its stake in Mastercard by 2.8% in the third quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock worth $20,807,283,000 after purchasing an additional 997,536 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Mastercard by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 20,686,605 shares of the credit services provider’s stock worth $11,773,153,000 after purchasing an additional 349,369 shares during the last quarter. Capital International Investors increased its stake in shares of Mastercard by 4.4% in the fourth quarter. Capital International Investors now owns 17,964,658 shares of the credit services provider’s stock valued at $10,256,368,000 after buying an additional 759,584 shares in the last quarter. Finally, Morgan Stanley increased its stake in shares of Mastercard by 0.8% in the fourth quarter. Morgan Stanley now owns 16,046,550 shares of the credit services provider’s stock valued at $9,160,657,000 after buying an additional 123,528 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.
Analyst Upgrades and Downgrades
MA has been the topic of several research reports. Royal Bank Of Canada upped their price target on shares of Mastercard from $629.00 to $642.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Raymond James Financial reaffirmed an “outperform” rating and issued a $632.00 target price on shares of Mastercard in a research note on Friday, July 31st. Truist Financial upped their target price on shares of Mastercard from $554.00 to $633.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Clear Str raised shares of Mastercard to a “strong-buy” rating in a research note on Thursday, July 16th. Finally, KeyCorp raised their price target on shares of Mastercard from $670.00 to $680.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Mastercard has a consensus rating of “Buy” and a consensus target price of $664.71.
Insider Transactions at Mastercard
In other Mastercard news, CEO Michael Miebach sold 16,628 shares of Mastercard stock in a transaction on Friday, July 31st. The shares were sold at an average price of $567.68, for a total transaction of $9,439,383.04. Following the completion of the sale, the chief executive officer owned 115,921 shares of the company’s stock, valued at approximately $65,806,033.28. The trade was a 12.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Linda Pistecchia Kirkpatrick sold 4,280 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $570.31, for a total transaction of $2,440,926.80. Following the sale, the insider owned 31,179 shares of the company’s stock, valued at $17,781,695.49. The trade was a 12.07% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 71,357 shares of company stock valued at $40,637,262. 0.09% of the stock is currently owned by company insiders.
Mastercard Price Performance
Mastercard stock opened at $598.69 on Wednesday. The business’s 50-day simple moving average is $542.94 and its 200 day simple moving average is $518.46. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 3.96. The stock has a market cap of $524.46 billion, a price-to-earnings ratio of 32.93, a P/E/G ratio of 1.80 and a beta of 0.72. Mastercard Incorporated has a 12-month low of $464.52 and a 12-month high of $601.62.
Mastercard (NYSE:MA – Get Free Report) last released its earnings results on Thursday, July 30th. The credit services provider reported $5.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.77 by $0.27. The company had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.08 billion. Mastercard had a net margin of 46.34% and a return on equity of 239.99%. The company’s revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the company posted $4.15 EPS. As a group, research analysts anticipate that Mastercard Incorporated will post 19.86 earnings per share for the current year.
Mastercard Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Thursday, July 9th were paid a $0.87 dividend. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $3.48 dividend on an annualized basis and a yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is presently 19.14%.
Mastercard Profile
Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.
Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.
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