Mastercard Incorporated (NYSE:MA) Shares Sold by Community Bank & Trust Waco Texas

Community Bank & Trust Waco Texas cut its stake in Mastercard Incorporated (NYSE:MA) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,035 shares of the credit services provider’s stock after selling 73 shares during the period. Community Bank & Trust Waco Texas’ holdings in Mastercard were worth $1,598,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Wealthcare Capital Partners LLC bought a new stake in Mastercard during the fourth quarter valued at $338,000. Sovran Advisors LLC bought a new stake in Mastercard during the fourth quarter valued at $1,125,000. Strengthening Families & Communities LLC increased its stake in Mastercard by 5.2% during the fourth quarter. Strengthening Families & Communities LLC now owns 8,345 shares of the credit services provider’s stock valued at $4,394,000 after purchasing an additional 413 shares during the last quarter. Compound Global Advisors LLC bought a new position in shares of Mastercard during the fourth quarter worth about $369,000. Finally, Stonebridge Financial Group LLC bought a new position in shares of Mastercard during the fourth quarter worth about $4,659,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Price Performance

Shares of MA opened at $565.51 on Tuesday. The company has a market capitalization of $519.05 billion, a price-to-earnings ratio of 40.71, a P/E/G ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $576.94. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.29. The business’s 50-day moving average is $531.61 and its 200-day moving average is $506.04.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, topping analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Equities research analysts expect that Mastercard Incorporated will post 15.98 EPS for the current fiscal year.

Mastercard declared that its board has approved a share buyback plan on Tuesday, December 17th that permits the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to reacquire up to 2.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.54%. Mastercard’s dividend payout ratio is 21.89%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on MA shares. William Blair restated an “outperform” rating on shares of Mastercard in a research report on Friday, January 31st. Mizuho upped their price target on shares of Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Piper Sandler reaffirmed an “overweight” rating and issued a $635.00 price objective (up previously from $591.00) on shares of Mastercard in a report on Friday, January 31st. TD Cowen upped their price objective on shares of Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Robert W. Baird upped their price objective on shares of Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $603.08.

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.