Mastercard Incorporated (NYSE:MA) Position Boosted by First Bancorp Inc ME

First Bancorp Inc ME raised its holdings in shares of Mastercard Incorporated (NYSE:MA) by 11.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 736 shares of the credit services provider’s stock after acquiring an additional 76 shares during the period. First Bancorp Inc ME’s holdings in Mastercard were worth $363,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Meyer Handelman Co. acquired a new position in Mastercard during the 1st quarter valued at about $270,000. &PARTNERS acquired a new position in shares of Mastercard during the first quarter valued at approximately $407,000. International Assets Investment Management LLC lifted its position in Mastercard by 1.2% in the first quarter. International Assets Investment Management LLC now owns 6,969 shares of the credit services provider’s stock worth $3,334,000 after purchasing an additional 84 shares during the period. Crestmont Private Wealth LLC boosted its stake in Mastercard by 14.3% during the 1st quarter. Crestmont Private Wealth LLC now owns 857 shares of the credit services provider’s stock valued at $413,000 after purchasing an additional 107 shares in the last quarter. Finally, Unique Wealth LLC increased its position in shares of Mastercard by 49.6% during the 1st quarter. Unique Wealth LLC now owns 2,540 shares of the credit services provider’s stock valued at $1,223,000 after purchasing an additional 842 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at $8,440,885.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Mastercard news, major shareholder Foundation Mastercard sold 119,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $468.46, for a total value of $55,746,740.00. Following the completion of the transaction, the insider now owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 340,809 shares of company stock worth $159,610,703. 0.10% of the stock is owned by insiders.

Mastercard Stock Up 0.5 %

Shares of Mastercard stock traded up $2.58 during trading on Friday, hitting $516.34. 2,604,684 shares of the stock traded hands, compared to its average volume of 2,442,889. The stock has a market cap of $480.00 billion, a P/E ratio of 41.05, a PEG ratio of 2.22 and a beta of 1.10. The company has a fifty day moving average price of $486.90 and a two-hundred day moving average price of $464.21. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $518.00.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, topping the consensus estimate of $3.51 by $0.08. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The company had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.85 billion. Equities research analysts predict that Mastercard Incorporated will post 14.3 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Wednesday, October 9th. Mastercard’s dividend payout ratio is 20.99%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Piper Sandler raised their target price on Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Compass Point began coverage on shares of Mastercard in a research report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price objective for the company. Royal Bank of Canada boosted their target price on shares of Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Oppenheimer began coverage on shares of Mastercard in a report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 target price for the company. Finally, Robert W. Baird upped their price target on Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a report on Wednesday. Four research analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus target price of $524.64.

About Mastercard

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.