Heartland Bank & Trust Co Decreases Position in Mastercard Incorporated (NYSE:MA)

Heartland Bank & Trust Co lessened its position in shares of Mastercard Incorporated (NYSE:MAFree Report) by 5.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,275 shares of the credit services provider’s stock after selling 304 shares during the quarter. Mastercard makes up about 1.5% of Heartland Bank & Trust Co’s holdings, making the stock its 12th largest position. Heartland Bank & Trust Co’s holdings in Mastercard were worth $2,250,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Norges Bank acquired a new position in shares of Mastercard in the fourth quarter worth $3,308,223,000. Moneta Group Investment Advisors LLC boosted its position in Mastercard by 111,819.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,983,231 shares of the credit services provider’s stock worth $2,080,549,000 after acquiring an additional 5,977,885 shares during the last quarter. Morgan Stanley grew its stake in Mastercard by 17.7% in the 4th quarter. Morgan Stanley now owns 15,843,692 shares of the credit services provider’s stock worth $5,509,328,000 after acquiring an additional 2,385,640 shares during the period. Barclays PLC raised its holdings in Mastercard by 145.7% in the 2nd quarter. Barclays PLC now owns 2,960,242 shares of the credit services provider’s stock valued at $1,164,263,000 after acquiring an additional 1,755,483 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Mastercard by 3.9% during the 1st quarter. State Street Corp now owns 34,759,814 shares of the credit services provider’s stock worth $12,632,032,000 after purchasing an additional 1,303,477 shares during the period. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Stock Up 0.5 %

Shares of MA stock traded up $2.51 on Wednesday, hitting $481.94. The stock had a trading volume of 399,542 shares, compared to its average volume of 2,411,206. Mastercard Incorporated has a 52-week low of $355.97 and a 52-week high of $490.00. The firm has a market capitalization of $449.60 billion, a price-to-earnings ratio of 40.53, a P/E/G ratio of 1.82 and a beta of 1.08. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.17 and a current ratio of 1.17. The stock’s 50 day moving average is $467.67 and its 200-day moving average is $428.36.

Mastercard (NYSE:MAGet Free Report) last announced its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share for the quarter, beating the consensus estimate of $3.08 by $0.10. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. The company had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.46 billion. During the same period last year, the firm earned $2.65 earnings per share. As a group, research analysts expect that Mastercard Incorporated will post 14.35 earnings per share for the current year.

Mastercard announced that its Board of Directors has authorized a share buyback program on Tuesday, December 5th that allows the company to buyback $11.00 billion in outstanding shares. This buyback authorization allows the credit services provider to repurchase up to 2.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s payout ratio is 22.32%.

Insider Activity

In related news, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the sale, the insider now directly owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the sale, the insider now owns 97,543,308 shares in the company, valued at $47,527,976,823. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Craig Vosburg sold 8,900 shares of Mastercard stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $430.26, for a total value of $3,829,314.00. Following the completion of the transaction, the insider now owns 46,491 shares of the company’s stock, valued at approximately $20,003,217.66. The disclosure for this sale can be found here. In the last three months, insiders sold 50,628 shares of company stock worth $23,309,067. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

MA has been the subject of a number of recent analyst reports. Wells Fargo & Company lifted their price objective on Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Monness Crespi & Hardt initiated coverage on shares of Mastercard in a report on Wednesday, December 20th. They set a “neutral” rating on the stock. Evercore ISI boosted their target price on shares of Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. BMO Capital Markets lifted their price target on shares of Mastercard from $480.00 to $490.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Finally, KeyCorp upped their price objective on Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Two research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $481.95.

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Mastercard Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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