Mastercard Incorporated (NYSE:MA) is Piscataqua Savings Bank’s 8th Largest Position

Piscataqua Savings Bank reduced its position in Mastercard Incorporated (NYSE:MA) by 5.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,026 shares of the credit services provider’s stock after selling 428 shares during the period. Mastercard accounts for about 2.6% of Piscataqua Savings Bank’s investment portfolio, making the stock its 8th biggest position. Piscataqua Savings Bank’s holdings in Mastercard were worth $3,156,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. State Street Corp grew its position in Mastercard by 3.9% in the 1st quarter. State Street Corp now owns 34,759,814 shares of the credit services provider’s stock valued at $12,632,032,000 after acquiring an additional 1,303,477 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Mastercard by 9.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,027,189 shares of the credit services provider’s stock worth $9,398,165,000 after acquiring an additional 2,247,291 shares during the period. Geode Capital Management LLC raised its stake in shares of Mastercard by 0.4% during the first quarter. Geode Capital Management LLC now owns 16,368,594 shares of the credit services provider’s stock valued at $5,936,110,000 after acquiring an additional 62,380 shares in the last quarter. Morgan Stanley grew its stake in Mastercard by 17.7% in the fourth quarter. Morgan Stanley now owns 15,843,692 shares of the credit services provider’s stock worth $5,509,328,000 after purchasing an additional 2,385,640 shares in the last quarter. Finally, Norges Bank purchased a new position in Mastercard during the 4th quarter worth $3,308,223,000. 74.94% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, major shareholder Foundation Mastercard sold 125,816 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $391.39, for a total transaction of $49,243,124.24. Following the completion of the transaction, the insider now owns 99,430,749 shares in the company, valued at approximately $38,916,200,851.11. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Craig Vosburg sold 6,333 shares of Mastercard stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $400.00, for a total transaction of $2,533,200.00. Following the transaction, the insider now owns 46,491 shares in the company, valued at $18,596,400. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 125,816 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $391.39, for a total transaction of $49,243,124.24. Following the completion of the sale, the insider now directly owns 99,430,749 shares of the company’s stock, valued at approximately $38,916,200,851.11. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 415,267 shares of company stock worth $164,793,283. Company insiders own 0.13% of the company’s stock.

Mastercard Trading Up 0.7 %

Shares of NYSE:MA opened at $417.13 on Tuesday. The company has a market capitalization of $393.02 billion, a PE ratio of 39.09, a PEG ratio of 1.86 and a beta of 1.10. Mastercard Incorporated has a 12-month low of $276.87 and a 12-month high of $418.60. The business has a 50 day moving average of $401.97 and a two-hundred day moving average of $381.97. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.57.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, July 27th. The credit services provider reported $2.89 earnings per share for the quarter, topping analysts’ consensus estimates of $2.84 by $0.05. The company had revenue of $6.30 billion during the quarter, compared to analysts’ expectations of $6.18 billion. Mastercard had a return on equity of 178.10% and a net margin of 43.37%. Mastercard’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.56 EPS. As a group, analysts forecast that Mastercard Incorporated will post 12.13 EPS for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 9th. Investors of record on Friday, July 7th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 0.55%. The ex-dividend date was Thursday, July 6th. Mastercard’s payout ratio is presently 21.37%.

Analyst Ratings Changes

A number of research firms have recently issued reports on MA. Mizuho reissued a “buy” rating and set a $435.00 price target on shares of Mastercard in a research report on Tuesday, August 29th. Jefferies Financial Group raised their target price on shares of Mastercard from $460.00 to $475.00 and gave the company a “buy” rating in a research report on Friday. Barclays increased their price objective on shares of Mastercard from $437.00 to $470.00 and gave the company an “overweight” rating in a research note on Monday, July 24th. Robert W. Baird boosted their price objective on shares of Mastercard from $435.00 to $450.00 in a research note on Friday, July 28th. Finally, 888 reiterated a “reiterates” rating on shares of Mastercard in a report on Friday, June 30th. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $442.83.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.