Mastercard Incorporated (NYSE:MA) Shares Sold by M&T Bank Corp

M&T Bank Corp lessened its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 461,755 shares of the credit services provider’s stock after selling 3,495 shares during the period. Mastercard makes up approximately 0.7% of M&T Bank Corp’s portfolio, making the stock its 29th biggest holding. M&T Bank Corp’s holdings in Mastercard were worth $196,943,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MA. Activest Wealth Management increased its stake in Mastercard by 87.4% in the 4th quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock valued at $229,000 after purchasing an additional 250 shares in the last quarter. Cross Staff Investments Inc increased its position in shares of Mastercard by 16.3% in the fourth quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider’s stock valued at $1,343,000 after buying an additional 441 shares in the last quarter. Everett Harris & Co. CA raised its stake in shares of Mastercard by 0.5% during the 4th quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock worth $21,129,000 after buying an additional 252 shares during the last quarter. Atlantic Union Bankshares Corp boosted its position in shares of Mastercard by 23.9% in the 4th quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock worth $5,171,000 after buying an additional 2,337 shares in the last quarter. Finally, J.Safra Asset Management Corp grew its stake in Mastercard by 7.2% in the 4th quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock valued at $209,000 after acquiring an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Activity at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 16,037 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $475.94, for a total value of $7,632,649.78. Following the transaction, the chief marketing officer now owns 12,255 shares in the company, valued at approximately $5,832,644.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Mastercard news, CMO Venkata R. Madabhushi sold 16,037 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $475.94, for a total value of $7,632,649.78. Following the transaction, the chief marketing officer now directly owns 12,255 shares of the company’s stock, valued at approximately $5,832,644.70. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 200 shares of the firm’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 directly owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The disclosure for this sale can be found here. In the last three months, insiders sold 583,088 shares of company stock valued at $266,873,978. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on MA shares. Raymond James upped their price target on shares of Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. JPMorgan Chase & Co. lowered their target price on Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a report on Thursday. The Goldman Sachs Group boosted their price target on Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Robert W. Baird increased their price objective on Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Finally, William Blair reissued an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus price target of $493.55.

Mastercard Stock Up 0.6 %

Shares of NYSE:MA traded up $2.48 during midday trading on Friday, hitting $443.58. 3,711,610 shares of the company’s stock traded hands, compared to its average volume of 2,507,301. Mastercard Incorporated has a twelve month low of $357.85 and a twelve month high of $490.00. The company has a market cap of $413.81 billion, a PE ratio of 35.26, a P/E/G ratio of 1.72 and a beta of 1.08. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.17 and a current ratio of 1.09. The firm’s fifty day moving average price is $469.57 and its two-hundred day moving average price is $437.74.

Mastercard (NYSE:MA) last issued its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.09. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.80 earnings per share. On average, equities research analysts anticipate that Mastercard Incorporated will post 14.22 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be paid a $0.66 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 annualized dividend and a dividend yield of 0.60%. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Mastercard 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.