Heartland Bank & Trust Co Acquires New Position in Mastercard Incorporated $MA

Heartland Bank & Trust Co acquired a new position in shares of Mastercard Incorporated (NYSE:MA) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,408 shares of the credit services provider’s stock, valued at approximately $1,750,000.

A number of other large investors have also recently bought and sold shares of MA. Notis McConarty Edward acquired a new position in Mastercard in the second quarter valued at approximately $8,419,000. Somerville Kurt F bought a new stake in shares of Mastercard in the 2nd quarter worth approximately $13,138,000. Puzo Michael J bought a new stake in shares of Mastercard in the 2nd quarter worth approximately $12,884,000. Abacus FCF Advisors LLC acquired a new position in Mastercard during the 2nd quarter valued at approximately $7,223,000. Finally, Madison Asset Management LLC acquired a new position in Mastercard during the 2nd quarter valued at approximately $752,000. Institutional investors own 97.28% of the company’s stock.

Insider Activity

In other Mastercard news, insider J. Mehra Sachin sold 7,444 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $577.13, for a total transaction of $4,296,155.72. Following the sale, the insider directly owned 40,916 shares in the company, valued at approximately $23,613,851.08. The trade was a 15.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 that occurred on 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 completion of the sale, the insider directly owned 31,179 shares of the company’s stock, valued at approximately $17,781,695.49. This represents a 12.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 71,357 shares of company stock worth $40,637,262 in the last 90 days. 0.09% of the stock is currently owned by corporate insiders.

Mastercard Trading Down 0.2%

Shares of MA stock opened at $598.69 on Wednesday. The company has a debt-to-equity ratio of 3.96, a quick ratio of 1.06 and a current ratio of 1.06. Mastercard Incorporated has a 1 year low of $464.52 and a 1 year high of $601.62. The stock has a fifty day moving average of $542.94 and a two-hundred day moving average of $518.46. The firm has a market capitalization of $524.46 billion, a PE ratio of 32.93, a price-to-earnings-growth ratio of 1.80 and a beta of 0.72.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, July 30th. The credit services provider reported $5.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.77 by $0.27. The company had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.08 billion. Mastercard had a return on equity of 239.99% and a net margin of 46.34%.The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.15 earnings per share. As a group, research analysts expect that Mastercard Incorporated will post 19.86 EPS for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Thursday, July 9th were paid a dividend of $0.87 per share. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $3.48 annualized dividend and a yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is presently 19.14%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MA. Weiss Ratings raised Mastercard from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. TD Cowen boosted their price target on shares of Mastercard from $664.00 to $667.00 and gave the company a “buy” rating in a report on Friday, July 31st. Wall Street Zen lowered shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Susquehanna dropped their price objective on shares of Mastercard from $670.00 to $665.00 and set a “positive” rating on the stock in a report on Friday, May 1st. Finally, Barclays lifted their price objective on shares of Mastercard from $640.00 to $660.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Five research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Mastercard presently has a consensus rating of “Buy” and an average price target of $664.71.

Mastercard Company 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.