Moody National Bank Trust Division Boosts Stake in Mastercard Incorporated $MA

Moody National Bank Trust Division lifted its stake in shares of Mastercard Incorporated (NYSE:MA) by 16.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,916 shares of the credit services provider’s stock after buying an additional 1,141 shares during the period. Moody National Bank Trust Division’s holdings in Mastercard were worth $4,365,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. State Street Corp grew its holdings in shares of Mastercard by 1.3% during the second quarter. State Street Corp now owns 36,964,305 shares of the credit services provider’s stock worth $18,984,867,000 after purchasing an additional 486,283 shares during the last quarter. Jennison Associates LLC raised its holdings in Mastercard by 10.4% in the 1st quarter. Jennison Associates LLC now owns 5,123,041 shares of the credit services provider’s stock valued at $2,559,779,000 after buying an additional 480,725 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Mastercard by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,225,359 shares of the credit services provider’s stock worth $2,111,216,000 after buying an additional 42,871 shares during the period. Cardano Risk Management B.V. boosted its position in Mastercard by 861.6% during the 4th quarter. Cardano Risk Management B.V. now owns 4,072,210 shares of the credit services provider’s stock worth $2,324,743,000 after buying an additional 3,648,748 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Mastercard by 17.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,666,018 shares of the credit services provider’s stock worth $1,831,763,000 after acquiring an additional 554,366 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Trading Up 0.4%

Shares of NYSE:MA traded up $2.10 during midday trading on Tuesday, reaching $566.69. The company’s stock had a trading volume of 2,286,507 shares, compared to its average volume of 3,530,956. Mastercard Incorporated has a fifty-two week low of $464.52 and a fifty-two week high of $601.23. The company has a debt-to-equity ratio of 3.96, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a 50 day moving average price of $571.83 and a two-hundred day moving average price of $529.09. The firm has a market capitalization of $496.43 billion, a price-to-earnings ratio of 31.17, a PEG ratio of 1.58 and a beta of 0.76.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, July 30th. The credit services provider reported $5.04 earnings per share for the quarter, topping analysts’ consensus estimates of $4.77 by $0.27. Mastercard had a return on equity of 239.99% and a net margin of 46.34%.The business had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.08 billion. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the previous year, the company posted $4.15 earnings per share. As a group, analysts forecast that Mastercard Incorporated will post 19.9 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Friday, October 9th will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 19.14%.

Insiders Place Their Bets

In other news, CEO Michael Miebach sold 15,372 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $575.00, for a total transaction of $8,838,900.00. Following the transaction, the chief executive officer owned 93,693 shares in the company, valued at approximately $53,873,475. This represents a 14.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Linda Kirkpatrick sold 4,280 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $570.31, for a total transaction of $2,440,926.80. Following the transaction, the insider directly owned 31,179 shares in the company, valued at $17,781,695.49. This trade represents a 12.07% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 67,618 shares of company stock worth $38,854,630. 0.09% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MA shares. Cantor Fitzgerald raised their price target on shares of Mastercard from $650.00 to $695.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Weiss Ratings upgraded Mastercard from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday. TD Cowen raised their target price on Mastercard from $664.00 to $667.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. BMO Capital Markets lifted their target price on Mastercard from $580.00 to $630.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Finally, Wolfe Research upped their price target on Mastercard from $680.00 to $740.00 and gave the company an “outperform” rating in a research report on Tuesday, August 25th. Two research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and a consensus target price of $680.00.

Mastercard Company Profile

Mastercard Incorporated (NYSE: MA) is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses. The company facilitates the authorization, clearing and settlement of electronic payment transactions, while generally not issuing cards or extending credit itself. Its network supports payments made in stores, online and through mobile devices.

Mastercard’s products and services include consumer and commercial payment cards, digital payment solutions, payment processing, fraud prevention, cybersecurity, identity verification, data and analytics, and open banking tools.